Skit explains inflation versus raises from @npr
The creator plays two characters, a boss and an employee, in a skit where the boss offers a 2% raise. The boss then explains that due to 2.7% inflation, this raise is actually a pay cut in terms of purchasing power. The employee elaborates on how wages must outpace inflation to be a true raise, and the boss extends the concept to savings accounts, explaining how money in a checking account also loses value. The skit ends with a comedic punchline where the boss admits he doesn't know the employee's name.
Creator: @npr on Instagram
Transcript
Hey there, bud. You've been doing so awesome lately. We're gonna give you a raise. Oh, really? Rank. Oh, don't thank me. We're paying you less. What? It's a raise. That means more money. More dollars. Yeah. But it's it's a 2% raise. That's 2% more money. Better we've had 2.7% inflation since last year. So the amount of stuff your paycheck buys, even with that tier, is less. So unless you're getting yearly raises that are greater than or equal to the amount of inflation tier having, which is late
Topics: Business, Education, Career Advice
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