I just started a new job and my new coworker sees any raise as a win, but I have a feeling that they are making less money now than a few years ago because of inflation. What is the formula for calculating that? Example wage in 2020: 47,000. Wage in 2021: 48,000. Wage in 2022: 49,000.
I just started a new job and my new coworker sees any raise as a win, but I have a feeling that they are making less money now than a few years ago because of inflation.
What is the formula for calculating that?
Example wage in 2020: 47,000. Wage in 2021: 48,000. Wage in 2022: 49,000.