It’s not a cost of living increase. It’s a monetary adjustment. To make you whole.

A cost of living increase, in most cases, especially now, should be referred to as a “monetary adjustment”. It’s a request to receive the same agreed-upon value. The money has lost 15% of its value in 12 months. The company need to give you 15% more of it. It’s an increase in dollars, not an increase in value. It’s a monetary adjustment. You’re no better off, but you’re no longer worse off. #inflation #hiring #salaryincrease #salarynegotiation #economics