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On the flipside it is that same inflation thanks to the fed that has had the markets growing by a wild amount, and why its easier than ever. 2 to 4% inflation is good for the economy, if we get more than that for a prolonged period of time then we have issues.

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That’s true, but it also means we have to cut back when times are good, and that never happens. So we just do this awesome trillion dollar spiral

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Look around at all the goods and services you purchase on a day to day basis. I’ve noticed significant price increases over the last year from restaurants, contractors, home goods, groceries, etc. Will be surprised if it’s 2%.

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Wood prices... I built a closet shelf and it cost me almost $50

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Real inflation has been underreported for years

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P2, Without a noun we don't know what you are responding to. "That" doesn't count in an 8 part thread.

Hey how about not tagging entire companies for your hot take?

likefunny

Jk, it wasn’t purposeful

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Boy did this turn toxic quick

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Great point. And for everyone being lulled into complacency, remember that the official formula for inflation was changed during our lifetime. http://www.shadowstats.com/alternate_data/inflation-charts

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Don’t tag Accenture, we all got 1 week of our salary as an extra bonus last week. We doing better on the inflation front compared to you all :-)

likehelpful

1 week bonus is much less than inflation and isn’t part of salary going forward so not even close to equivalent to a cola bump

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Our clients aren’t paying for 4% escalations.

likefunny

M1 you’re so right so let’s make sure that this is felt by all of the pleb consultants and analysts working 80 hour weeks, so forward thinking.. /s

You’re not much of a consultant, are you? First, it’s the headline inflation rate. Second, it’s being boosted by base effects from last year. Go look up what base effects are.

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Definition of consultant being “people who’s breadth of knowledge is an inch deep and a mile wide”?

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Now take that energy and apply it to the way you vote to support a much needed huge minimum wage increase. Can you even imagine living on that wage, as we cry in our Cheerios about 2% on however much any of us make? Insanity.

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Also a recent report from the San Francisco Fed shows that historically real wages tend to increase post-pandemic. There is evidence there at least to not be so concerned.

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Isn’t it already happening for low income jobs?

For folks thinking there isn't real inflation, stop burying you heads in the sand. How the hell do all stocks go to all time highs when the economy is effectively closed for a year? The brrrr machines are pumping up assets.

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Related Posts

Really feeling the RSM (really stingy with money) mentality - any tips on properly and efficiently asking for a mid year raise to justify the work overload? Don’t need a promo - just a raise

likehelpfulfunny

Raise your hand (up vote) if you work on a team that calls it quits by 7/8pm 🙌

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Not dick measuring but really curious on what the % raise you've gotten the past 2 years. Gotten 4% and 3% here and feeling like I'm getting screwed over.

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At what point does the value of a degree fall off? I'm in my early 30s, and have five years of experience, and work on a very theoretically interesting project. I believe I'm on track to promotion in the next year. So, I could put in a year of full time school to check the box off, but I'd be sacrificing hobbies and social life (not to mention cost). Is this FOMO or is there real opportunity here?

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Hi, I have 6YOE and my package is 10LPA fixed. My question is shoud i wait for promotion(team lead) consider it takes 2 more years. Or just jump ?

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Passed over for a promotion a third time, even after doing everything, and more, you’re supposed to? It’s time to GTFO

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likeupliftingfunny

To all my Canadians working at ACN. What is taken into consideration for promotion? (Analyst to Consultant).Do I always have to ask for feedbak on myperformance tool?Or will my CC contact my managers?

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Is 210 enough to live an upper middle class life in Dallas? Not trying to come off as shallow just genuinely trying to understand. Have a $300K offer in NJ and $210k offer in Dallas (single income, small family) and want to make sure I’m able to give my family a great life. Dallas seems like amazing place to raise a kid, but it’s also not as cheap as everyone seems to think. The houses we want are $650-$700K range. Insight appreciated

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Stay at current job and get promo is 3 months or transfer to a different job(that I’m lukewarm about) where’d I essentially would have to start over in terms of skills/promotion?

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With vision 2020 coming to nothing, will EY cut down annual raise? Feel like EY is being cheaper recently.

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What is the average salary raise percentage from staff I to staff II?

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Got a big raise in salary from getting promoted to senior but still below industry average pay? 🙄

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How to negotiate salary offer at a startup given the following. Offer is -$5k my current salary, but I'm up for promotion in a few months which would bump me +~$10-15k, also have an offer from their direct competitor but it's -$10k my current salary since they are earlier stage. Do I have any leverage to negotiate the original offer or no?

likefunny

Kinda hoping a get a crappy raise this year so I have an easy excuse to quit 🤣

likefunny

When will we see our PBB and promotion bonuses in our accounts?

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What is the typical timeline of promotion from senior analyst to consultant at Accenture?

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What is the promotion schedule from associate to manager? How many years in between each until you’re edible for promotion?

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Remember the pilot episode of The Office when Michael calls Pam into his office and pretends to fire her? That happened to me today.... BUT I GOT A RAISE AT THE END.

likefunnyuplifting

I just wanna find out my promotion and rating salary increase already. Ugh.

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I'm falling apart mentally due to stress causing issues on my mental health, but I'm trying to stay strong because I desperately need a promotion.

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Additional Posts

Tech fish, what is your market TC vs your expected TC? Market TC = base + bonus + RSUs vesting over the next 12 months valued at GRANT price Expected TC = base + bonus + RSUs vesting over the next 12 months valued at CURRENT price Market TC should be competitive with what you can get from other companies. Expected TC is reflective of stonk luck. Would also be interesting to know how long you’ve been at your company. I’ll start Market TC = $330k Expected TC = $595k Tenure just under 3 years

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"I have no idea what it's like to have my life circumstances affected by my race or gender but listen up because I've got a really important take about discrimination"

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Average senior manager starting salary in Big 4 vs non Big 4?

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Work life balance in FDD- due diligence? Is there any at all? Big 4 only please

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I am a L10 working in the SAP space within CDO at Accenture. I have been at the firm for a little over 7 months and would like to know come the next promotion cycle how I could switch from CDO to C&M.

likefunny

I have never had to calculate a day rate before. What is a good “standard” rate for the Chicago market for a solid Senior Art Direct and an experienced Creative Director?

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I know this is stupid / petty but I just found out my new salary & I finally make more than my husband! He’s always made more & I spend more than him and have always felt bad about it. Not any more 🙌

likeuplifting

Posted a few days ago about lateraling to a firm to work for a rain maker and having been put on a deal with him alone (first deal at the new firm). Subsequent to the scolding emails we finally managed to almost close at 18:00 on Friday only to realise that the numbers didn’t add. The same document that I screwed up before led to one entity paying the wrong amount. I’ve never ran a deal alone as a first year and the partner has been MIA for most of the deal. Long story short (cont in comments) -

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What’s the feasibility of going from Big 4 to MBB by entering a Part Time MBA program (Booth/Kellogg)? Current KPMG Manager.

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What industry opportunities are available for a healthcare consultant with policy expertise and some experience in HIT? I have 5.5 YOE in consulting, 2 health related masters MPH Epidemiology and MSW Social Policy from an Ivy League. I’m don’t mind the WLB in consulting but I’m just tired of the environment and want to do something meaningful that pays well.

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Friday Funnies! 🤣 Starting a new FB tradition to spread a bit of cheer after a year of WFH. Share a funny, happy, or uplifting story that happened this week. Can be work, family, TV, memes, anything that made you chuckle. Follow the format of: "I laughed this week because...."

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How does Fuqua release its interview invites? Does it happen throughout the day?

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This is going to be a busy fri/sat Clot Jordans SB Dunk “Purple Lobsters” Nike Air Fear of God Off White Zoom Fly (Black) and whatever else I may be missing

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10w 🤰🏻, traveling at the moment and prenatal vitamins are really making me sick. I throw up whenever I take them, but that’s my only source of folic acid. Is it risky to not take them?

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Had anyone ever asked for experience letters (evidence of emloyment and resignation) when leaving their company? Should you ask for such a letter for green card purposes?

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Anyone have a discount code for Hilton? Deloitte or Accenture code?

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How much CTC should I expect from AmEx as Pega Developer (YOE:5) ???

How does anyone make transition into PM if the current company/industry I am in does not have this opportunity? I really want to make this move but it seems like other posts are against taking courses/MBA to make this transition. Help!

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The most unrealistic part of "House of Lies" is that they fly Virgin America lol

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