It's high simply empirically. Raises never keep up with inflation in periods when it's high. I'd be thrilled with 4% cost of living raises in the current environment.How is that huge? Spread over 4 years, it's 6.25% per year. Inflation was running around 8% annually recently, and we all know it was A LOT higher than that. The rate the Govt gives excludes food and energy. The real rate of inflation was probably around 50%. Anyone who has bought groceries over the last few years knows that groceries have tripled in price. Gasoline has doubled, automobiles are up at least 50%. Home prices are up at least 50%. A 25% raise spread over 4 years doesn't even keep up with the real cost of living.
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