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"An annual income that typically grows 2.5%"

If you're lucky enough to work at a company that does actually have a policy of CPI pay increases every year.

Of all the companies I've worked for (7), only 1 did.




As I can't be the only one: CPI is the Consumer Price Index. Basically how much what you pay for something will change over time. (if I understood correctly)

http://en.wikipedia.org/wiki/Consumer_Price_Index


The CPI (or variants thereof) is also the only way to reasonably define an objective-measure-based "inflation" in a fiat currency system.


Or any type of currency.


Of those 7 companies, only one gave raises?

(yes I realize that you are thinking about keeping up with inflation, but my point is that that's irrelevant for the point the grandparent is making)




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