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Xero users struggle with stagnant wages and rising cost of living
.23
Demand — how loud & how many (score)
Willing to payImplicit
Momentum (7d)▼ 18.7%
Cluster53 posts · 48 people
MarketplaceXero App Store
Updated3d ago
The story
The pain
We're feeling the squeeze as our salaries fail to keep up with inflation and essential costs like insurance, gas, and health cover keep climbing. It's demoralising to see our paychecks shrink in real terms, and many of us feel stuck because job security is too valuable to risk in a tight market.
Evidence
What people said · 53 complaints, 48 people
I’ve had no salary increase recently, but no new jobs are opening up either and if they do there are 100+ applicants and I don’t really want to leave anyway because I really value the job security!
I learned that income tax brackets are way overdue for reform, and that far less of your pay ends up in your bank account. Honestly pretty demoralising. It feels pointless trying to earn more as a salary. Pouring my effort into investments now.
They are trying to get inflation under control. But approve gas increases of 14% per annual. Over 4x their target for inflation. Same for private health. They want inflation at 2-3% but let PHI charge a 5% annual increase. Then their is normal insurance which I've jad spike 30% in a single year. Food price gouging, petrol plus petrol gouging yadda yadda. And what ate we supposed to do. Refuse to drive, use gas or electricity, have health cover etc. It's the essentials that are sky rocketing and we have no choice but to pay the cost and then rates go up and you're screwed again 😵💫
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