Related Posts
Hello everyone!
Can anyone please explain the promotion process followed here and specially at LCCI? If there's any minimum criteria like X no of years in a particular level, etc. followed while checking eligibility of an employee?
And also - what's the hike/increment range usually at the time of promotion?
Eli Lilly and Company.
Any leads would be highly helpful.
Thank you!
More Posts
Vegan Chocolate Cake
Bowl Leader
Pro
Does Uniqlo have the best budget plain t’s?
Rising Star
Additional Posts in Consulting
Rising Star
Rising Star
Is EY People Advisory considered consulting?
Got a note from Deloitte Talent team, is this a glorified project manager gig? Any thoughts on comp range? Worth making the move? Senior opening for our Government and Public Service practice. The role is project delivery focused across our Enterprise Performance group and work with ERP Packages like ServiceNow, Workday, SAP, and Oracle.Deloitte
DeWalt vs Milwaukee tools?
New to Fishbowl?
unlock all discussions on Fishbowl.
Most salaries across the market have seen modest, if any, increases. He’s not intending to reduce prices, just curb the growth of inflation. What they will do however is inadvertently create a deflationary spiral, after massive layoffs and business closures tank demand across numerous sectors. Some regions in particular (like FL) are in for a blood bath. Not sure it’ll be a depression, but it’ll make 2008 (which I predicted a year early) look like a good time. Buckle up, hoard cash and be ready to take advantage of the situation (provided you remain employed). Great opportunity to make some fortunes.
How? A lot of big claims, how high Will unemployment get?
Pro
Price levels (hopefully) will not decline. Powell’s point is that further inflation can be tamed to normal levels, not that prices will return to what they were 2 years ago.
The goal here is to get inflation down to 2%, not to reverse recent overall inflation
OP you’re mixing up words. The *prices* are here to stay. What we’re trying to slow down is the *rate at which they continue to rise*
Stopping inflation means prices stop going up, not that they will go back to previous levels.
Rising Star
Powell wants to induce a recession to reduce aggregate demand and the slow inflation. Idk if the trade off is worth it and I also believe inflation is entrenched, but this is what he’s signalled he wants to do 🤷♂️
Where are salaries going up? I havent had a salary increase in two years, not even inflation adjustment (strat consulting)
I received an 11% bump this year. Our comp increases were in October
Inflation is constant and only accelerates or decelerates in a healthy economy, so yes. Target recently in the US has been 2% — see the Taylor Rule for how this is constructed (https://en.m.wikipedia.org/wiki/Taylor_rule)
Deflation is an economic death sentence and should be avoided at all costs, but it’s pretty rare
Rising Star
This is a very complicated topic to be discussed on a Sunday night, but to reaaaaaally simplify it, (i) spending matters more than salary, and (ii) jobs being cut means less money on circulation resulting in less inflation.
Yes, there ia the risk of persistent inflation, but that's exactly what most governments and Central banks (including the Fed) is trying to avoid. At what cost, my guess is as good as yours, but 2023 won't be a great year from a financial standpoint (hopefully it won't be anywhere close 2009)
I do tend to believe inflation is entrenched for many of the reasons listed above. My hot take is that the consumer has not received the blame it deserves (not to shift responsibility from businesses/government). Sure, we were given lots of “free” money in recents past, but consumers also blew it in an unadvisable manner
Rising Star
Consumers are also racking up a massive amount of debt. Credit card balances are reaching new highs almost every month. I honestly believe the decade of cheap and abundant money has created terrible habits for a lot of households that haven’t been broken and it’s only a matter of time before that house of cards comes down.
A good portion of inflation is due to supply side constraints. What has the government been doing to alleviate the housing shortage? Why is healthcare so expensive? Education? Monetary policy can only go so far
Pro
The effectiveness surely does vary a lot by jurisdiction; in your case the anger should be directed at those local govts, not the admin
But it has actually impacted a lot of people nationwide—rolling back regulation and making access to funding easier isn’t sexy and won’t yield results for a few years, but will make a pretty substantial difference
Rising Star
Inflation will not become entrenched because it erodes your finite purchasing power. He’s curbing activity by increasing the overall cost of items like housing (he’s already doubled monthly payments on new mortgages).
Also inflation is a comparison vs yoy rates and we lap these high rates this month. It’s still going to be high but not as high as before. They need to beat estimate. I think we are looking at 6% estimates this month. Consumer confidence has already fallen off a cliff. But his approach is to cause a recession then fix it like he did in 2020. He’s gambling with Americans lives. Actually ridiculous
Pro
Well, I certainly agree there is a case for more modest tightening. I think it’s way too early to draw so heavy a conclusion given how little prices have responded so far. You could be right, but there is a very good chance it will play out differently too
Chief
I’m sorry, salaries have increased? What’s this you say?
😭😭😭😭
Chief
Lucky OP
I need a raise
Chief
Layoffs my friend. Layoffs is how he gets there.