Is job hopping the only way to catch-up on inflation in America?
0-2% avg raise if you're meeting expectations. 4-5% avg raise if you're exceeding expectations. 2-15% raise if you're promoted which means you were performing at the next level at least for the last 6-12 months. TC 230K peanuts 🥜 #swe #software #engineering
Bitter truth, yes. Don’t expect them to increase a buck without new offer in hand.
It's the only W2 option, yes. You can also find ways to fix or reduce expenses, barter for services that don't require income, build up a side gig, invest in the market. The relative prices of different scenarios are worth considering too, not everything has inflated at the same rate. When it was $20 to feed a family of four with fast food, the math was a bit harder to justify. In some areas it's now $50 for the same amount of fast food. Comparing that to a $5 Costco chicken or a $20 Mexican platter is different now.
Yes, but only to a certain limit (maybe like 400k TC minus getting lucky with a particular stock). At some point I think you need to have good connections within a company to advance further
What's your yoe op ?