Originally Posted by
ExtraShot
The two year pay freeze is actually a massive loss over a career. That’s over 6% for those two years based on previous increases, the forgone value of which is compounded every pay increase going forward, forever.
The ongoing two percent is just insulting salt in the wound, repeatedly, every year going forward.
I was trying to say that while the freeze is costly, the cost of 1% lower salary increases dwarfs that two years of zero, particularly over the longer term.