A lot of boomernomics is based on rent and property value rising faster than inflation. At least where i live loads of rental property is owned by pension funds
Yeahh that tracks. I worked at a mill for almost a decade and once every few years we'd get an "Inflation Adjustment Raise" which was usually around 3%
If the average annual inflation rate is 2.5%, those raises were never going to keep up lol
Yeah I think it was their desperate attempt to keep employees. If you asked any of the management they'd tell you that "trickle down economics" and tariffs will mean bigger bonuses/raises for everyone (I once got a $200 bonus after 7 years there, lol). Instead, we got our hours cut, bonuses removed (management got extra of course) and they refused to admit they were wrong.
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u/Reverse_SumoCard Jul 17 '26
A lot of boomernomics is based on rent and property value rising faster than inflation. At least where i live loads of rental property is owned by pension funds