Originally Posted by
thisishomebrand
While I agree the 2 year pay freeze is ridiculous, the 2 year pay freeze is a relatively smaller loss over longer periods of time, i.e. 20-30 year career, than the lost income as a result of 2% annual increases (previously 3%). For individuals with a shorter timeframes however, the wage freeze will will be much more costly.
Compounding interest says this is wrong. The longer remaining in your career, the more a wage "freeze" (really a pay cut) impacts you