TIRED: "Funemployment"
WIRED: Inflation causes phantom rises in your nominal pay rate, which is all wiped out (and then some!) by rising costs, but at least the numbers look bigger on your check!
I survived the Carter years of 20% home loan rates. Your annual salary raise you may get is no where near close to keeping up with the inflation rate. Most companies use the excuse ‘our costs are up so we can’t pay you’.