exactly my point. The people that have been there for years that I know are doing the same old thing. Many of them have been demoted from manager to executive pss.
2022 salaries
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exactly my point. The people that have been there for years that I know are doing the same old thing. Many of them have been demoted from manager to executive pss.
Elections have consequences. Anyone that didn't see this and worse coming by voting for Dementia Joe is a moron. It shouldn't be up to any company to have to raise salaries to keep up with intentional policies that drive inflation through the roof.
All companies that want to retain talent have to keep up with inflation in order to be attractive to employees. Regardless, we still have to put food on the table and prices are going up!
You Are All Delusional! You’re a caterer at best. Complaining? How many RIFed at your company? 20% of sales force at Pfizer Yesterday. Wake Up! Entitlement doesn’t look good on anyone. And Now you will tell me about getting a vaccine. Ha
Leave or get promoted. Those are your options, loser.
I've been at AZ almost 15 years and I am completely happy with my $132.000 a year salary as a professional caterer. Yes, I have to stay up to date on my clinical knowledge, but this is the best "box checking" gig in the world! Today was my last day in the field until January 3rd. God Bless Pharma!!!!
I know of reps here who have been sucking off the tit for 20+ years. What is the matter with these leeches, or better yet our leadership that lets this happen?
In 15 years if you were smart and working in a job that required more skills in the company you'd be making double that. And no, you wouldn't have to work many more hours. This is exactly why the egos and arrogance of many sales reps here cracks me up.
Wage Inflation Might Shock The World In 2022
Paris during the Great Depression was full of unemployed people — and apparently it was awesome.
As the story goes, the City of Light circa 1934 offered few good jobs and little upward mobility – which is pretty much the definition of a capital-D Depression — so large parts of the population gave up and, relieved of the need to strive, simply lived in the moment. They lingered in cafes debating politics and philosophy and pursued their various arts for themselves rather than for an audience. And many found themselves loving it. As American writer Henry Miller described his Paris years, “I have no money, no resources, no hopes. I am the happiest man alive.”
Now fast forward to 2020. For millions of young people around the world, work had turned out to be worse than pointless. Most available jobs paid subsistence wages in return for unending repetition and little hope for promotion. The prospect of a lifetime waiting tables or sitting in a corporate cubicle was as soul-destroying as it was inescapable.
Then came the pandemic, during which governments – not understanding the genie they were letting out of the bottle – told millions of Millennials to stay home for an entire year. A huge number of 20-somethings now live with their folks or with like-minded roommates, work sporadically to cover their minimal basic expenses – and then do whatever else they want. Life has become a modern version of a Parisian café, hopeless in a career sense but low-stress and frequently high-fun.
As the pandemic winds down, companies are calling their former drones back, and a shocking number are saying “no thanks.” Jobs are going unfilled, orders unshipped, and customers unsatisfied. For a longer look at this trend, see Bloomberg’s Why people are quitting jobs and protesting work life from the US to China. And for a scarier take, see Michael Snyder’s The Great Worker Shortage Is Causing Basic Services To Really Break Down All Across America.
It’s Global This Time
Young people leaving the workforce is actually a recurring theme, rhyming as it does with 60s hippies and 90s slackers. The difference this time is that it’s global. As the title of the above Bloomberg article implies, young workers are opting out everywhere, which means vastly more people have left the economy than in past episodes.
This brings us to the financial point of the story, which is that employers are going to have to pay up, in many cases waaayyy up, to put the hamsters back on their wheels.
Note two things on the following chart. First, workers were royally screwed during the past decade, as the 1% feasted on rising stock, bond, and real estate prices while squeezing the pay of their employees. Hence the reluctance of those same workers to help out their old bosses by coming back. Second, the recent increase in pay doesn’t come close to redressing a decade of corporate predation.
So yes, some parts of the current inflation spike are “transitory”, including base effects and certain commodity prices. But rising wages might have long enough legs to keep overall inflation elevated for years. If so, the Fed will be under increasing pressure to raise interest rates for real instead of just promising to act someday.
So AZ, will you keep up with wages or think people are easily replaced as you see numbers dwindle in both personnel and sales.
Paris during the Great Depression was full of unemployed people — and apparently it was awesome.
As the story goes, the City of Light circa 1934 offered few good jobs and little upward mobility – which is pretty much the definition of a capital-D Depression — so large parts of the population gave up and, relieved of the need to strive, simply lived in the moment. They lingered in cafes debating politics and philosophy and pursued their various arts for themselves rather than for an audience. And many found themselves loving it. As American writer Henry Miller described his Paris years, “I have no money, no resources, no hopes. I am the happiest man alive.”
Now fast forward to 2020. For millions of young people around the world, work had turned out to be worse than pointless. Most available jobs paid subsistence wages in return for unending repetition and little hope for promotion. The prospect of a lifetime waiting tables or sitting in a corporate cubicle was as soul-destroying as it was inescapable.
Then came the pandemic, during which governments – not understanding the genie they were letting out of the bottle – told millions of Millennials to stay home for an entire year. A huge number of 20-somethings now live with their folks or with like-minded roommates, work sporadically to cover their minimal basic expenses – and then do whatever else they want. Life has become a modern version of a Parisian café, hopeless in a career sense but low-stress and frequently high-fun.
As the pandemic winds down, companies are calling their former drones back, and a shocking number are saying “no thanks.” Jobs are going unfilled, orders unshipped, and customers unsatisfied. For a longer look at this trend, see Bloomberg’s Why people are quitting jobs and protesting work life from the US to China. And for a scarier take, see Michael Snyder’s The Great Worker Shortage Is Causing Basic Services To Really Break Down All Across America.
It’s Global This Time
Young people leaving the workforce is actually a recurring theme, rhyming as it does with 60s hippies and 90s slackers. The difference this time is that it’s global. As the title of the above Bloomberg article implies, young workers are opting out everywhere, which means vastly more people have left the economy than in past episodes.
This brings us to the financial point of the story, which is that employers are going to have to pay up, in many cases waaayyy up, to put the hamsters back on their wheels.
Note two things on the following chart. First, workers were royally screwed during the past decade, as the 1% feasted on rising stock, bond, and real estate prices while squeezing the pay of their employees. Hence the reluctance of those same workers to help out their old bosses by coming back. Second, the recent increase in pay doesn’t come close to redressing a decade of corporate predation.
So yes, some parts of the current inflation spike are “transitory”, including base effects and certain commodity prices. But rising wages might have long enough legs to keep overall inflation elevated for years. If so, the Fed will be under increasing pressure to raise interest rates for real instead of just promising to act someday.
So AZ, will you keep up with wages or think people are easily replaced as you see numbers dwindle in both personnel and sales.
Thank you for posting that. It is very interesting. There is a big question as to what the raises will be as inflation has really gone up! Food prices at the grocery store have noticeably gone up and that is for basic needs. House prices are through the roof (pun intended).Wage Inflation Might Shock The World In 2022
Paris during the Great Depression was full of unemployed people — and apparently it was awesome.
As the story goes, the City of Light circa 1934 offered few good jobs and little upward mobility – which is pretty much the definition of a capital-D Depression — so large parts of the population gave up and, relieved of the need to strive, simply lived in the moment. They lingered in cafes debating politics and philosophy and pursued their various arts for themselves rather than for an audience. And many found themselves loving it. As American writer Henry Miller described his Paris years, “I have no money, no resources, no hopes. I am the happiest man alive.”
Now fast forward to 2020. For millions of young people around the world, work had turned out to be worse than pointless. Most available jobs paid subsistence wages in return for unending repetition and little hope for promotion. The prospect of a lifetime waiting tables or sitting in a corporate cubicle was as soul-destroying as it was inescapable.
Then came the pandemic, during which governments – not understanding the genie they were letting out of the bottle – told millions of Millennials to stay home for an entire year. A huge number of 20-somethings now live with their folks or with like-minded roommates, work sporadically to cover their minimal basic expenses – and then do whatever else they want. Life has become a modern version of a Parisian café, hopeless in a career sense but low-stress and frequently high-fun.
As the pandemic winds down, companies are calling their former drones back, and a shocking number are saying “no thanks.” Jobs are going unfilled, orders unshipped, and customers unsatisfied. For a longer look at this trend, see Bloomberg’s Why people are quitting jobs and protesting work life from the US to China. And for a scarier take, see Michael Snyder’s The Great Worker Shortage Is Causing Basic Services To Really Break Down All Across America.
It’s Global This Time
Young people leaving the workforce is actually a recurring theme, rhyming as it does with 60s hippies and 90s slackers. The difference this time is that it’s global. As the title of the above Bloomberg article implies, young workers are opting out everywhere, which means vastly more people have left the economy than in past episodes.
This brings us to the financial point of the story, which is that employers are going to have to pay up, in many cases waaayyy up, to put the hamsters back on their wheels.
Note two things on the following chart. First, workers were royally screwed during the past decade, as the 1% feasted on rising stock, bond, and real estate prices while squeezing the pay of their employees. Hence the reluctance of those same workers to help out their old bosses by coming back. Second, the recent increase in pay doesn’t come close to redressing a decade of corporate predation.
So yes, some parts of the current inflation spike are “transitory”, including base effects and certain commodity prices. But rising wages might have long enough legs to keep overall inflation elevated for years. If so, the Fed will be under increasing pressure to raise interest rates for real instead of just promising to act someday.
So AZ, will you keep up with wages or think people are easily replaced as you see numbers dwindle in both personnel and sales.
Been here over 15 years. I survive every year by butt kissing and lying. I work about 2 hours a day, steal food every day and lie about 8/10 calls. Access is nearly impossible and with Covid it’s getting worse. I’m not worried a bit about losing my job I always survive.
At least leadership can do is up MRP’s by 6-8%. At least that way some that are over can get a viable increase since baselines will be readjusted.
With inflation and costs (gasoline) going up, get ready to see your monthly cost for the company car go up.
Pfizer laid off 20% of one of their divisions that day. They are taking care of the rest of their divisions on this upcoming Wednesday. They are calling it a “bold move” but really it is just a fancy name for a reorg.
Uh…consider the alternative?? Are you kidding me??? There was no other sane choice