I'm curious, is there anybody who thinks we'll see some improvements next year?
8 replies (most recent on top)
More like 2021 - home for the whole year...LOL
I could see PSP being low. Maybe 50-60% of target. Doubt they will avoid PSP altogether though. Too many people would complain too loudly. Annual raises will definitely be a problem. Real inflation is surging at almost 10%. Typical raises of 3% have employee salaries going backwards. Even 5% doesn’t get you to break even. How long will employees stay in jobs when their living costs are increasing but their salary is effectively going backwards?
@1seq…yup. Just this weekend my neighbor was complaining that Uncle Sugar is no longer going to be sending her $600/month for her two bratty kids. Wait until she and millions of other Americans do their 2021 taxes and only then realize those monthly child tax payments they’ve been receiving the last six months were actually advanced credits against money they’d normally receive from their tax refund. Instead of a typical $6,000 tax refund they’re going to get something like a $1,000 refund and then complain “My taxes went up!” Guaranteed. People got hooked on all that stimulus money the same way a dr-g addict gets hooked on dr-gs. The withdrawal is going to be painful for corporate America when trillions of dollars of “free” money is no longer in the system.
No bonus with a less than 3% raise coming in mid year. Can't wait. Inflation doesn't matter. You asked for this. You're lucky you have a job
@1seq.
Jpow make money printer go brrrrrrrrr
Watch China. Consumers there are rapidly abandoning American brands for local brands. Same type of nationalism we’re seeing in the U.S. That 24% dip in China revenue wasn’t an accident nor was it temporary. When the U.S. market eventually taps out due to lack of stimmy money, rising debt and interest rates, and a stock market that no longer produces double-digit gains every year…look out below.
Just like 2021 where the more miserable employees were the higher the stock price went.
I think it is safe to say that there will be more reorgs in corporate as it is the Nike way to keep throwing sh1t at the wall to see if it sticks. They will continue to hemorrhage their best employees. The outsourcing to Poland is a concern too. Profit sharing in 401Ks is no longer happening. Maybe they will try to use COVID or supply chain issues to shortchange us on raises again. Or maybe they will mix it up and squeeze us at our bonus this year. Whatever the method, next year will be a continuation of profits over people.
I'm talking about employee treatment, I don't give a damn about the company itself.