FadeToBlack&Gold
Microlot Marxist
Elon Musk, born under and benefitting from apartheid, might be a racist? Shocker.
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Business, Economics, and Taxes: Capitalism. Yay? >=(
- Thread starter RaceBoarder
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Jimjamesak
Already insane, UAA making it worse
Jimjamesak
Already insane, UAA making it worse
I’m betting it’s standard hiring practice at Tesla to stick a pencil in the persons hair and have them jump around…
D
Deutsche Gopher Fan
Guest
I find out this week but rumor is we’re doing standard 1-3%
ScoobyDoo
NPC
I wasn't clear. My holdings went down 10% in value. As for wage? I have yet to get anything since I had to change companies a year ago.
D
Deutsche Gopher Fan
Guest
Oh. Yes I think everything is down esp tech funds with the meta stock dropping
ScoobyDoo
NPC
I figured Facebook had something to do with it. Fortunately my chart shows I go through these dips periodically and come out of them ok. So, let it ride.
Proud2baLaker
Master of Science
I took some hits rights after the New Year depending on the mutual funds I was in. Had YTD returns down as much as 10% and all time as much as 8% on one Index fund. But things are bouncing back though still variable and somewhat volatile. One fund has stayed positive all time (relatively short time-frame) but did go down from +9% to +1.5%. As of late last week it was back to +7.4.
FadeToBlack&Gold
Microlot Marxist
Yeah, I think almost everyone's portfolio likely had some corrections in January. Particularly if you're young enough to have an aggressive mix of investments.
dxmnkd316
Lucia Apologist
That's absolutely fucked
D
Deutsche Gopher Fan
Guest
Oh I may go nuclear this week
dxmnkd316
Lucia Apologist
Problem is, I've heard the same rumor for us. So I'm wondering if the collusion is full on at this point. Just keep throwing 2% at everyone until they quit.
D
Deutsche Gopher Fan
Guest
I thought your firm did raises last fall? I swore I’d heard something
were paying new hires just fine.
dxmnkd316
Lucia Apologist
Yeah, our hires in our dept have been coming in 1-2 PAY GRADES above me with less experience. I've been so fucking angry.
aparch
Acetaminamerican
My company just went through something similar. Last year (2020 into 2021), they decided that there would be zero raises die to the pandemic. My department head was able to get us all 3% raises because of how he follows the state rules in setting up the rate tables to bill our clients. Our small department is ~100% billable thanks to our projects.
This year (21 into 22), with hiring being out of whack*, and some existing employees being criminally underpaid when they started, our pay increases were 7.5% (a 2.5% merit increase with a five percent COLA due to inflation)
* Some new college grads without their EIT or PE yet were asking for the salary equivalent of those who have been with with the company five years AND have PE's. One person with just a state internship and no PE flat out asked to be paid higher than our department lead (low six figures) during his interview.
My boss hired two college kids as "cheaply" as he could, and they still started higher than the two he hired the year prior.
Unfortunately, his hands are tied by the $$ ranges given for each job title category, again, because of how the state sets up billing rates. Most other engineering firms will layoff in the winter, or once the project is over and they won't need you. My company avoids that.
This year (21 into 22), with hiring being out of whack*, and some existing employees being criminally underpaid when they started, our pay increases were 7.5% (a 2.5% merit increase with a five percent COLA due to inflation)
* Some new college grads without their EIT or PE yet were asking for the salary equivalent of those who have been with with the company five years AND have PE's. One person with just a state internship and no PE flat out asked to be paid higher than our department lead (low six figures) during his interview.
My boss hired two college kids as "cheaply" as he could, and they still started higher than the two he hired the year prior.
Unfortunately, his hands are tied by the $$ ranges given for each job title category, again, because of how the state sets up billing rates. Most other engineering firms will layoff in the winter, or once the project is over and they won't need you. My company avoids that.
ScoobyDoo
NPC
My two modest growth funds took about the same hit. Seem to have a lot of investments in common even though they have differing strategies.
FadeToBlack&Gold
Microlot Marxist
9 times out of 10, the only way to get a big raise is to find another job and quit.
I'm convinced a lot of service industry employers are just trying to wait things out by forcing us all to adjust to "supply chain issues" as an excuse for empty shelves, and slow, sh*tty, European-style, "Call back tomorrow, my baguette is getting stale" service.
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ScoobyDoo
NPC
Which makes zero sense. I really do not understand corporations at all.
FadeToBlack&Gold
Microlot Marxist
I understand it just fine - there's no loyalty anymore. That ended when pension plans and traditional health insurance were consigned to the dustbin of history. It's the American worker who doesn't seem to get it.
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