Quote:
Originally Posted by Joe
Every year you don't get a raise your lifetime earnings decline by how many years left if you were to remain with your current employer. So if you are 30 and you don't get that $2000 raise, and stay loyal until retirement, you lose $2000 each year for your 35 remaining working years at your place of employment. Three or four years without a raise will severely impact your lifetime earnings.
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And that's a fact. After 40 years in my business, I am truly saddened and confused by the attitude of employers toward employees. The grunts are now disposable and no longer considered assets. Hard work is rewarded with more and more hard work, nothing more. an ever increasing work load to maintain an ever increasing profit. The method of figureing profit today puzzles me. Every month has to be more than the last.Employees are cut out, not worthy of any investment whatsoever. Employee moral deteriorates,production flags, and it all becomes a viscious cycle.
I'm at an age where I get a SS guestimate from Uncle Sam. My income has been on a slide for 12 years. 15 of my 40 years have been rewarded with no increase of rate. I'm far from being alone.