Keep in mind that annual inflation is about 3%, meaning that every dollar has 3% less buying power than it had the year before, so you need at least a 3% raise just to keep from making less next year. So to actually make 5% more, you would need an 8% raise.
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u/nubsauce87 Oct 18 '18
“Sheesh that’s awful... just awful... tell ya what: I’ll continue to do my job, and you give me a raise, and she leaves you guys alone.”