HELL YEAH, Fuck you inflation!! can’t touch my purchasing power
Great!! Now my landlord will raise (NET) of 2.5%, the creche already increased of 4.6% for the full year… In the meanwhile my company doesn’t give any merit increase because all the budget for salary increases will be absorbed by this stupid index.
I signed my employment contract in Nov, 2022 but still waiting for the work permit approval. Should I discuss with my employer to update the salary according to the index rate before my actual employment start date?
Not all wages
Isn’t there going to be two of these this year?
Does this apply to every employee in Luxembourg? If you earn €50,000 or €500,000.
Seems crazy, while other countries only apply it to lower salaries to ensure people don’t fall into the poverty. It seems a better allocation to lower earning would make sense
Don’t think it will be enough to cover my loss of purchase power, but it is definitely better than nothing. Once the government stops paying out tax credit, it will likely to be back to 0 or – though lol.
What’s the chances of an employer still wanting to choose Luxembourg as a base of operations after reading something like this…?
I don’t think this is a good thing anymore
Wouhouuu ! Read it today in paperjam and too loudly said “fck yeah!” haha
It kills any merit increases at my company but overall I’m in favour, it’s pretty unique to Lux right? Everyone else is fighting for a raise
I have a question for you, Reddit community.
I am changing job since tomorrow 1st Feb, and I signed for a specific salary.
Do you think that salary will be automatically increased by 2,5% too? Or, if not, is there anything I can do to negotiate the increase?
Thank you for whoever has the interest to reply.
Does this apply to someone on long term sick leave? I won’t be going back to work for another few months still
So, does it mean its already 2.5 % on the paycheck for january (now) or starting this month and affecting the next pay? Thx!
Indexation is a nice tool indeed, but when you have a 10% inflation (I think, correct me if wrong), means to me that at least things are now 7.5% more expensive instead of 10….
Not a finance or economics guy: but to keep real purchase power this raise should not be at least equal to inflation???
And as we all know..official inflation rates re never true..so grocery stuff did not raise 10%..but as I see more..
Does this apply to interns?
This is so counterproductive these days. Will further drive inflation… with diminishing demand some companies may not survive it.
17 comments
[deleted]
HELL YEAH, Fuck you inflation!! can’t touch my purchasing power
Great!! Now my landlord will raise (NET) of 2.5%, the creche already increased of 4.6% for the full year… In the meanwhile my company doesn’t give any merit increase because all the budget for salary increases will be absorbed by this stupid index.
I signed my employment contract in Nov, 2022 but still waiting for the work permit approval. Should I discuss with my employer to update the salary according to the index rate before my actual employment start date?
Not all wages
Isn’t there going to be two of these this year?
Does this apply to every employee in Luxembourg? If you earn €50,000 or €500,000.
Seems crazy, while other countries only apply it to lower salaries to ensure people don’t fall into the poverty. It seems a better allocation to lower earning would make sense
Don’t think it will be enough to cover my loss of purchase power, but it is definitely better than nothing. Once the government stops paying out tax credit, it will likely to be back to 0 or – though lol.
What’s the chances of an employer still wanting to choose Luxembourg as a base of operations after reading something like this…?
I don’t think this is a good thing anymore
Wouhouuu ! Read it today in paperjam and too loudly said “fck yeah!” haha
It kills any merit increases at my company but overall I’m in favour, it’s pretty unique to Lux right? Everyone else is fighting for a raise
I have a question for you, Reddit community.
I am changing job since tomorrow 1st Feb, and I signed for a specific salary.
Do you think that salary will be automatically increased by 2,5% too? Or, if not, is there anything I can do to negotiate the increase?
Thank you for whoever has the interest to reply.
Does this apply to someone on long term sick leave? I won’t be going back to work for another few months still
So, does it mean its already 2.5 % on the paycheck for january (now) or starting this month and affecting the next pay? Thx!
Indexation is a nice tool indeed, but when you have a 10% inflation (I think, correct me if wrong), means to me that at least things are now 7.5% more expensive instead of 10….
Not a finance or economics guy: but to keep real purchase power this raise should not be at least equal to inflation???
And as we all know..official inflation rates re never true..so grocery stuff did not raise 10%..but as I see more..
Does this apply to interns?
This is so counterproductive these days. Will further drive inflation… with diminishing demand some companies may not survive it.