During our company meeting, people asked what their plan was on yearly raises given that inflation was hovering at 7-8%. The HR rep said that if you average out inflation throughout 2021, inflation was really only like 4%.
That’s,,, not how math works?? Inflation is referenced to the same month a year prior. If CPI right now is 7.9%, then it means things on average cost 7.9% more in February 2022 than they did in February 2021, and wages need to be adjusted to reflect that. You can’t just average-out the monthly CPI throughout 2021 and say “Oh actually, things are only 4.5% more expensive right now than a year ago”. The excuses they’re willing to make up to justify pay cuts is astounding.