this post was submitted on 12 Aug 2024
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[–] iAvicenna@lemmy.world 15 points 1 month ago (1 children)

it is not even "no increase". wage increase not proportional to profits is wage theft and wage increase not higher than inflation is horrible management.

[–] SomeoneSomewhere@lemmy.nz -2 points 1 month ago (3 children)

Expecting wage increases proportional to profits is only reasonable if you also accept cuts proportional to losses.

[–] explodicle@sh.itjust.works 6 points 1 month ago

We already get automatic annualized pay cuts by default.

[–] iAvicenna@lemmy.world 4 points 1 month ago* (last edited 1 month ago)

oh this definitely already happens either in the form of pay cuts or lay offs. And anything below inflation rate should be considered a cut really so you get cuts even when there may be profit. So getting a cut only when there is a loss can even be considered a win from this perspective lol.

[–] ipkpjersi@lemmy.ml 1 points 1 month ago

We have that, it's called layoffs. Except companies lay you off anyway even when there's record-breaking year-over-year profits multiple years in a row.