A graph showing that inflation started growing exponentially around the time of the 1970 US energy crises.

she hacked you

Soo, if you think inflation is decreasing or suddenly rising as a recent phenomenon, you are incorrect.

John Carlsen 4 Harris&Walz🇺🇸

@ekis

This seems consistent with my observation of approximately 4% annual inflation during my lifetime.

(~$2500 in 1970) × 1.04^(54 years) = ~$20,785 today

John Carlsen 4 Harris&Walz🇺🇸

I should add:

If your employer doesn't increase your pay by at least 4% per year, the value of your pay is regressing, not keeping up with the average rate of inflation.

If your employer is aware and does this anyway, that's a pretty clear message that you should seek one that values you.

#jobs #employment #pay