This is nuts, dude.
This in the best economy ever!
I found out while reading that article from Moneywise that, according to the Bureau of Labor Statistics, 97% of occupations' salaries have not kept up with inflation over the past five years. And while that is not surprising, it's crazy to think that at the same time the price of a home has risen 56% on average. Not to mention the price of insurance, car and home repairs, and food.
We're getting poorer while homes and all the rest of our necessities are getting more expensive.
Over the past three years, average annual inflation has been 5.6%, despite the TV telling you that "inflation is down." Here are some of the salaries that fell the most — or struggled the most to keep up with inflation — over the past five years.
Marketing and media: -8.32%
Construction: -8.33%
Freight and logistics: -8.51%
Legal professionals: -9%
Police, probation, and incarceration: -9.28%
Pharmacy: -9.62%
IT: -10%
Procurement: -10.09%
Education: -10.16%
Doctors and dentists: -10.33%
Sanitation and environment: -10.44%
Finance: -10.64%
Energy: -10.75%
Social scientists: -10.83%
Insurance: -11%
Engineering: -11.59%
Real estate: -11.72%
Sales: -11.78%
Waiters' and waitresses' salaries have kept up with inflation, and management professionals have actually seen their salaries increase during this same time period (yay for the managerial class!).
For the rest of you, well, I just don't see much light at the end of the tunnel.
You might want to get in your boss' office and ask for a raise. Your argument is right here on this page.
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