Why Your Boss Shouldn't Give You a Raise Based On Inflation!

[@kirapoodle]

This is the reason why being loyal to a company is usually a bad idea after X amount of years. Yearly "salary raises", barely even keep up with inflation. If someone wants a real raise, the best option is to change companies.

[@jessicaolson490]

In nursing my yearly raises before the big inflation still didn't keep up with inflation. Most years you slowly make less.

[@sciencemanguy]

Don't you have any sort of loyalty to the place that gave u money for food and shelter? Why would you abandon them after all they did?

[@sebsebski2829]

@@sciencemanguy They didn't give it for free, did they?

[@michelhanson1500]

@@sciencemanguy because it is nothing personal, it's just business. Bosses and managers have the testicular fortitude to tell their workers if you don't like it, well there's the door. So, when the next job offer comes your way, you tell the boss thanks for the experience and the knowledge, I'm leaving as I can no longer afford to work here and a better opportunity has popped up for me. Done.

[@ultimaetsolder]

Smart people know this. Stupid people think they deserve more for the same job. So what if you're doing the same job for 10 years? That should be a salary reduction since you haven't improved lololol.

[@fallingfornatureinsuburbia8625]

My husband asked for a raise at his job. He’s consistently a top performer. They said no raises this year... So husband went to another job and is getting a 24% raise and a hefty sign on bonus. No need to beg. Do move on though and maybe your employer will get it when many walk.

[@petecheng1]

Just because your husband can do it, doesn't mean everyone can....

[@fallingfornatureinsuburbia8625]

@peter cheng my point is don’t think your stuck working for less than you think you should/can earn.

[@NiceOCGuy1981]

@@fallingfornatureinsuburbia8625 I have to agree with him. Some people don't always have the experience and have to keep working to make money.

[@sblijheid]

@Tamago no Atama So you're proving Dave's point. If you have no skills, you get paid peanuts. If you have skills, you move on.

[@glowchet]

This is the only real way to make more money but then job hopping is frowned upon smh

[@marshall2.015]

I guarantee you Dave has raised his rent prices with inflation as the reasoning. He's told callers to do that with their rentals.

[@HQSCJIPZ]

He would give the same answer: both wages and rent should be based on conditions of the marketplace

[@marshall2.015]

That was the question and he said, no, dont give them a raise.

[@flaqko5686]

@@HQSCJIPZ doesn't the marketplace rent wise go up anyways due to inflation?

[@FS2obscura]

@@flaqko5686 indirectly

[@roolyfe]

Rent goes up and wages go down! The American dream 💭

[@kevinlam4773]

Glad to see people calling out Ramsey when he needs to be called out.

[@TheMopar97]

You didn’t understand the video. Don’t worry, 90% of the comments here didn’t either…

[@Drake21339]

@@TheMopar97 care to enlighten us?

[@AaBbCcDdEeF]

@@TheMopar97 👍. I’m getting tired replying to some of the more outrageous ones.

[@TheMopar97]

@@melodysmelody2809 you should read my comment above. It’s obvious that you haven’t… embarrassed yourself.

[@oscarusestools]

@@Drake21339 read rich dad poor dad. Basically I can give you a 2 dollar raise but instead of paying down your debt you will buy a pricier car, eat out more, buy nicer clothes. Too many times people don’t live within their means. Some people view money as a vehicle to get there more money and most people see it as stuff that you can just buy. Read the book it’s a good one or search for the audio book.

[@whitetiger0707070]

Listening to Ken use this to plug smart dollar and budgeting was painful. This out of touch attitude is the reason people are quitting in mass. People realize working hard to barely scrape by isn’t worth it

[@themarinect]

Ken is a simp to Dave Ramsey

[@whopper5150209]

Yep and I love it don’t worry though when it gets bad enough we come for the rich

[@marisortiz273]

One of the many reasons I don't like Ken Coleman. On his show, all he does is tell people to quit their jobs, across the board. Or in the face of inflation, spend less. Totally out of touch.

[@stephenmccoy8005]

My tax guy raised his price because of inflation. So did the restaurant I ate at recently, my lawn service, the utilities company, the grocery store, the gas station etc. They didn’t give more me value. I got the same product or service as before but it cost more. Ramsey sounds like a terrible place to work. To bad, most of Dave’s financial advice is rock solid.

[@KjtheGreatPro]

Lol but you didnt add any more value to your employer for your same old job. So by your own logic. Why should your employer pay you more and get the same amount of value from your labor?

[@KjtheGreatPro]

@@lex2997 everyone is what?

[@sonokoroxs]

@@KjtheGreatPro Everyone is raising their prices due to inflation regardless of value. Plus value is how much people perceive their services/items are worth. Your company may perceive you as not worth the raise due to inflation but another company might see value in your work. I am starting to think it is important to switch companies every few years because some of these companies are ridiculous when it comes to salary. I saw a job that wanted a masters degree but would only pay $15/hr. You can get a job at Target or Buccees paying that much now.

[@j.b.delaney3444]

@@KjtheGreatPro why should his employer charge more for his product or services when he's providing the same amount of value?

[@flaqko5686]

@@j.b.delaney3444 because it's more expensive on their back end from them. Manufacture cost and labor goes up so the price goes to you

[@Pennys1]

Dave's logic is faulty here. He's right that performance and salary are correlated, but inflation is the x-factor that has to be considered too. With his logic, he shouldn't raise rent for his properties.

[@peedonhobo]

And the lady calling should not raise the prices of her goods and services of her small business

[@flyingscotsman32]

Nailed it

[@NiceOCGuy1981]

@@peedonhobo see that's the issue. She is only raising the prices because she pays more for wholesale. She needs to make a profit.

[@bluecollartradesman715]

First of all you don't know that he raised rent, your making assumptions. If I had to guess I'd say he probably did and that's ok. Landlords (I hate that term) provide a valuable service. They provide housing to people who cannot afford to buy homes. Imagine if renting wasn't an option. Landlords put up their own money to buy homes. Then they rent out those homes to other people. They do this as an investment, they do it to make money. They are not running a charity. They must be profitable.

[@MusicPhrase]

Actually it is your logic that is flawed. That's an awful analogy. One of the worst I've ever seen.

[@colbyashton8199]

If I asked for a raise and my boss responded with, "No raise, but let me help you manage your personal expenses better", I'd walk out of the room that instance. How does she know I'm not already managing my finances well? How insulting to make that assumption.

[@kevinwatson646]

I couldn’t agree more. That’s ridiculously insulting. I listen to Dave daily but I’ve definitely lost some respect for these guys after hearing this. They are being very hypocritical

[@notsure7874]

"You could save 100 whole dollars / month by eating nothing but bologna sandwiches and ramen noodles!" ~ Boss that enjoyed a 100 dollar lunch today.

[@trmullins2]

I’d Quite quit and look for another

[@thomasjefferson5727]

Loyalty does not pay. Not even at Ramsey. Don't glue your lunch box down, always be ready to move.

[@ywamdan408]

v true, it may have 40 years ago but not anymore

[@COINsimp2024]

People at Ramsey are paid fairly.

[@I_like_turtles_67]

@@COINsimp2024 My only complaint would be the no cohabitation rules. But then again. Just continue to be single and tell nobody at work your status. Uou shouldn't mix work & relationships anyways.

[@minarchisttrucker2775]

Not to mention a lot of these jobs won't give you a raise when inflation goes up but will gladly pay new workers more than you that have less experience. Half the time you get a bigger raise leaving the job and coming back later

[@amethyst4444]

But a lot of companies have a hiring freeze. What if you’re out of a job for a long time???

[@joesabah6199]

I understand why Ramsey solution is always hiring now

[@Buggu3]

Facts!

[@rockpaladin9031]

High turnover means low labor costs! Now you’re thinking boomer.

[@themarinect]

They offer Software developer job with peanut TC. It's insulting

[@jacobrogers2214]

Tell me you’ve never run a business without telling me you’ve never run a business.

[@rockpaladin9031]

@@jacobrogers2214 ok

[@cooleobrad]

Ken's comment, "They think they should get a bump due to inflation, that means you should take it away as soon as inflation begins to subside." doesn't make any sense, because the inflation rate BUILDS upon each previous year -- it's compound growth. The US hasn't had a negative inflation year since 1954.

[@donaldlee6760]

I really like Ken, but I suspect he's not a math nerd.

[@MakingYummy]

@@donaldlee6760 yeah but it’s not math it’s borderline dishonest.

[@chesspwn7457]

Totally agree with Ken. If we experience deflation wages should drop too. Just because it's more likely that America falls apart before we'd have deflation doesn't matter. I don't see why he's using that as some sort of justification against the inflation claim though...

[@cooleobrad]

@@chesspwn7457 He seems to be confused and talking about times when inflation is still present, just not increasing at as high of a rate as now. That is obviously not the same as deflation.

[@novadhd]

so if it goes from 9% back down to 4 is that not negative?

[@lucasthiele2169]

If you aren’t given an inflation raise, you’re literally taking a pay cut in real terms. Every product a business offers adjusts with inflation and all expenses too, so that’s ridiculous to hear Ramsey doesn’t give them. I agree with everything else and used to want to work for Ramsey till hearing this

[@novadhd]

he is just making excuses to keep wages low. Typical HR stuff

[@ginobenedetto4943]

Don’t cry when people start leaving, Dave.

[@paraax]

If he truly adjusts to the market, and gives raises based on the cost to rehire, then he is effectively giving inflation based raises anyways, and is doing better than every company I have worked at that did give cost of living raises. Most of the increase in my salary over the years has come from needing to change jobs.

[@glyakk]

@@paraax This is exactly why his advice is insane. He does the thing he claims he does not do, he just calls it something different to make it sound more complex then it is.

[@wildearth3992]

Don’t worry with the millions illegals coming every year will work for a penny

[@deydraniadiancecht8298]

If I can get a job at another company using the skills I learned at my current company, I'm going to do that if my boss doesn't want to increase my pay. "Don't give raises based on inflation" means that I'm not sticking around. In 5 years, I've almost doubled my pay by job hopping. If I'd stayed at my first job in my career, I'd still be making very little money compared to what I make now. Corporations know this. They just don't care enough about workers to do anything about it. They're trained to care about the dollar, not the worker... until you leave. Then they act all hurt and shaken that you'd do to them exactly what you did to your last employer who wouldn't give you a raise.

[@vitalityfox]

This guy is the reason why disgruntled employees show up with an ar15 to work

[@HugoBergmann-lu4nd]

I admire your dedication to educating your audience. We all aim for financial stability and a better life. Achieving this is possible through wise investments, frugal living, and careful budgeting. I'm grateful that I learned the importance of working hard for financial freedom at a young age.

[@StacieBMui]

In my opinion, making a smart investment is not only a technique for earning passive income, but also a profitable way of saving for future expenses. People who fail to make the proper judgments early in life often come to regret it later in life. Nonetheless, investing alone can be difficult and risky. As a result, I recommend obtaining an expert’s assistance. The challenge is not just watching videos and reading investing books; it is about implementing information effectively.

[@cowell621]

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[@RafuqueAhmed117]

this is incredible! how can I vet your advisor, mind sharing info, if you please?

[@cowell621]

Finding financial advisors like Sharon Lee Peoples who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@crystalcassandra5597]

I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you

[@westonr4359]

Ken starts shilling one of their products..hilarious. These guys sound like real clowns here 🤡

[@JustinCase780]

YES...next call: "Hi, I have $800K invested in my 401K, 38K in savings and have a paid off house with no debt." Response: "You need a Smart Vester Pro"

[@davidhochstetler4068]

And this is why Dave is often wrong. Don’t give me a raise that at least keeps up with my cost of living. Your competitor will and I’ll take my talents there

[@plantface510]

Wrong

[@BestShootermanUbz]

@@plantface510elaborate instead of just defending your boyfriend Dave.

[@sebsebski2829]

@@plantface510 Inflation made my work costs go up. Can't afford it? I'm moving somewhere else

[@JC-21470]

Yet Dave is raising his rents across all the houses he owns "due to inflation" what a freakin hypocrite!

[@HQSCJIPZ]

He would give the same answer: both wages and rent should be based on conditions of the marketplace

[@Answers721]

Dave is greedy. Don't pay the workers more because of inflation, but raise prices on everyone because of inflation.

[@Budgie_uk]

Dave really is going downhill

[@hollyb6885]

In recent years, I’ve realized that evangelicals are hypocrites. Dave is an evangelical.

[@jdtreharne]

Is he? Do you have any evidence of this?

[@georgeromero13]

Reading the comments section here is more enlightening than what I just heard. Glad to see people pushing back with sound logic. Employers are generally out of touch and they don’t care. Put you and your family first.

[@Kingpittbul]

I wonder if Ramsey will also hold this true for rent, that landlord shouldn’t raise rent just because of inflation.

[@cutehumor]

Ramsey raised his rent based on the marketplace

[@cutehumor]

Ramsey can replace renters who will pay more to rent his properties

[@nkyryry]

Bingo.

[@rnt45t1]

Dave Ramsey not holding a double standard? You're out of your mind! You KNOW he's raising his rents.

[@HQSCJIPZ]

He would give the same answer: both wages and rent should be based on conditions of the marketplace

[@Mark-bc3lb]

So every year I get better at my job and my reward is making less dollars every year due to inflation? I’m sorry that doesn’t make sense.

[@KjtheGreatPro]

Maybe gain better skills. Your labor sounds cheap and easily replaceable.

[@TheMopar97]

He said that…. You don’t get a raise just because. You get a raise when you add additional value like you apparently do… did you not listen to this video?

[@flaqko5686]

This should be your yearly " step " raises. If your job does not give you a raise every year I suggest you look at another job. My job gives a 3% raise every year at my year mark. It's not amazing but it's better than nothing

[@alrbredwall]

You are not getting paid less dollars. Your dollars are buying less. And yes, as horrible as this might sound, you need to actually go out and get a better job overtime not stay in the same job. Being the best snow cone maker has a ceiling on income potential. If you want to increase your buying power you need to go out and get a better job.

[@acooca123]

Did you even listen to the video? If you can be replaced for $X why should an employer pay you $1.2X? If you were to leave and go to another company they would offer you $X as well. It all comes down to the marketplace. It's like saying I bought a house for $700k, spent $200k improving it so I want at least $900k. Sorry but you don't really get to dictate that, it is the marketplace. If housing drops over the board, you need to take some losses if you want to sell. Same thing for jobs. You need to take some losses on your buying power if others who are doing the same job as you are willing to get paid the same amount or even less.

[@desylid5915]

Boomer Dave likely has no issues raising his rents 10% a year to cover inflation Would love to hear his BS addressing this one next

[@bohmc9844]

Sorry good friend, rent and home values did not go up due to inflation.

[@TRJ2525]

Exactly! Rules for thee not for me

[@1RamTough]

@@bohmc9844 what rock have you been living under?

[@Sizukun1]

He has addressed it is previous videos, I cannot recall the title or overall subject but it boiled down to "take care of yourself first, but if you have good tenants don't gouge them".

[@7resist7tyranny7]

@@bohmc9844 They did in California though.

[@pattycerqua5679]

So people will leave your company and go somewhere else .. Simple as that

[@westonr4359]

Ya when you have 30% yearly turnover see how much money you’re actually saving and where your quality of work is at.

[@redcomic619]

Exactly. Inflation hurts us all, but we in the workforce rely on our employers to provide us with the income needed to support ourselves and our families. When external circumstances change and we are no longer able to do so, it’s either our companies raise our wages or we look elsewhere. At the end of the day, we have to eat.

[@damarcusbeendidit]

Dave is still paying 2019 wages 😂🤣

[@rockpaladin9031]

More like 2009

[@MooMoo69556]

@@rockpaladin9031 this guy actually works there 😂

[@ontologos5768]

But isn't charging 2019 rents.

[@Detroitdiesel285]

Still thinks a running car can be bought for $1000

[@yamabushi_nate7825]

There’s always going to be a reason for the workers to not get paid more.

[@jdtreharne]

By that same logic won't there also always be a reason for the workers to get paid more?

[@yamabushi_nate7825]

@@jdtreharne No

[@jdtreharne]

@@yamabushi_nate7825 oh okay

[@AaBbCcDdEeF]

@@jdtreharne lol! I like how this argument resolved so quickly and without confrontation. 👍

[@jdtreharne]

@@AaBbCcDdEeF my argument is correct. There are always reasons to pay the workers more. Some people choose to ignore that because it hurts their argument.

[@javierhuizar4207]

Dave help! Inflation is disrupting my budget and my company won't give me a raise despite personal and professional growth! Dave: Deliver pizza with 10 extra jobs and only eat rice and beans.

[@Derek.Mitchell]

Ken: I agree, but don’t forget to buy our new budgeting software!

[@javierhuizar4207]

@@Derek.Mitchell have you considered buying a slot to speak to a Dave Ramsey Smartvestor pro and buying Ken's book that says to just network and work for free first? How are you people not getting ahead?!

[@richardm5540]

Those two guys reminded of a Saturday night live skit.

[@Hboogie182]

Ramsey: No you shouldn't get a raise based on inflation! Ken: I agree, you should instead buy our smart dollar product!

[@hockeycentral1149]

Increased for inflation

[@greenearthblueskies8556]

I detest them

[@davidg.9561]

🤣

[@chipoko1838]

Ken is not correct. When inflation "subsides" the price increases over the inflationary period are permanently baked into the prices. Unless inflation fell to -8%….which is not going to happen.

[@LevAizik]

Exactly.

[@gingerichandrew]

HaHa. I wanted to say this! 😄

[@user-cd6vy2jg6f]

Just goes to show how uneducated these dudes are. They just repeat talking points over and over

[@Macca-95]

Yeah, that was an absolutely ridiculous comment.

[@joshuakelly9743]

Yeah, Dave probably won’t like that marketplace argument when his top performers leave to go somewhere else.

[@danielrakiec1030]

Didn’t he just say he pays for value so top performers get paid a lot.

[@iEXCLUSIVEpro]

This is a really bad take that only looks to benefit employers. The real advice that isn't mentioned in this video is that loyalty and performances don't necessary guarantee a raise. In contrast a negative performance can get you replaced or fired. The only way up is to switch jobs. I hope more people realize this and do better for themselves.

[@rocsib9551]

Agree. I switch jobs, every 2-3 years (for now). I’ve never gotten a raise that could compete with the outside offer. If people do the math, they would realize that you make more money by switching jobs vs getting annual raises. My employers are ok with that, they are the ones that tend to approach me on LinkedIn, so they see my track record. As long as I’m going in and adding value/improving processes making the company better than it was before I came, I don’t need to stay forever.

[@trainsandlocomotives]

If someone can’t get a raise because of inflation for the same quality of work then shouldn’t rentals stay the same when no updates occurred?

[@redcomic619]

Disagreeing with Dave BIG TIME here, which I normally don’t do.

[@nicholashomler1494]

why?

[@AZ_TONY]

Elaborate

[@j.hyatt2776]

One thing I think may be wrong. When you add value to an organization, it does NOT mean they want to add value to your paycheck.

[@Derek.Mitchell]

@Dementia Joe salespeople get exploited worst of all. They usually don’t have solid benefits and even if they’re a top performer they very rarely ever get a piece of equity. Most of the ones I’ve known are really passionate at first, work 50-80 hours a week grinding, and burn out after a few months.

[@TimErwin]

Some sales jobs are good, but many have overly-complex commission structures to make it harder for you to get what you deserve.

[@nelli616]

So true 🙄

[@jenniferleigh1674]

Its disgusting.

[@MegaNiQ]

I’ve been listening to Dave Ramsey for about 10 years, his advice helped me turn my life around. But also, Dave’s advice doesn’t work anymore

[@theeffectiveprogressive]

Tomorrow they will complain about how “nobody wants to work”.

[@weareorigin]

You need to make sure the wage increases actually do enough. After 20 years of being perfect workers, people saw their salary is the same as someone who just got hired this year.

[@motoryzen]

Yeap and THAT isn't fair...those who have worked those 10 and 20 something years .. OBVIOUSLY have proven their ROi...their VALUE to that or those companies.

[@Billman8686]

I think y'all might be young or something because life isn't fair. And um it never will be or should be.

[@MatthewEllis41]

What if those new hires have the same 20 years of doing the same work, just for a different company? Tenure vs. Experience.

[@jadam.2410]

@@Billman8686 you must let people walk all over you

[@maximustrolleus9860]

@@Billman8686 i feel like ppl use that as an excuse to justify being cheap lol. if it was the other way around, ppl like you will be complaining.

[@westonr4359]

Lol it’s easy to replace someone with a lessor worker for less money…but you get what you pay for. Cheaper isn’t better

[@josephinenelan4204]

yeah, it's when companies fire a good worker because they were expensive then have to hire several people to do what the previous one was doing

[@epicgaming4946]

No he said the cost you replace you doing the same job, or at least that's what he meant.

[@Anthony-db7cs]

Everyone on this planet is replaceable when it comes to man made jobs.

[@westonr4359]

@@epicgaming4946 doesn’t matter you get rid of someone with experience at the company you’re gonna spend time and money finding and training someone.

[@flaqko5686]

@@epicgaming4946 no two workers are the same. Some work harder than others

[@nickcostello361]

“For what you can be replaced for” is basically saying we’re racing to the bottom at Ramsey.

[@jdtreharne]

Or just racing

[@JavierPwns]

Yeah telling people to budget harder when everything is 10-15% more expensive right now is totally gonna help them…

[@anthonyparker3713]

It does help to budget. He could just tell you to get a second job and budget every paycheck.

[@ralfbo685]

@@anthonyparker3713 aka "work exponentially harder for currency that gets exponentially weaker"

[@JavierPwns]

@@anthonyparker3713 budgeting helps, budgeting doesn’t help when things start getting exponentially more expensive

[@MyNameIsCorey]

@@ralfbo685 that's why it's always a good idea to invest and have assets that appreciate over time

[@KjtheGreatPro]

@@JavierPwns thats why saving those stiumlus checks and not buying air jordans was important young man.

[@rebeccaramirez-]

what about a job where the boss says "your replaceable" but than asks you to "teach" the other new key holder/s what "you know" lol makes me NOT want to teach anyone anything.

[@Imaginarysonics]

"Christian" Dave Ramsey won't give you a raise based on inflation but WILL raise your rent. If your boss isn't upping your pay to compete with inflation, they're literally docking your pay.

[@heslind]

Don’t forget to raise your tithe too!

[@jdtreharne]

A "true Christian" would just go out of business, amirite?

[@flyingscotsman32]

I mean that’s pretty on brand for the Christians I know. Better for me but never for thee

[@AaBbCcDdEeF]

You are not an indentured servant of your employer. People looking to rent are not forced to rent from Dave Ramsey under duress.

[@Terminator550]

@@jdtreharne You are completely wrong

[@Joenzinator]

Dave couldn't be more wrong here. He says "you are only paid what you can be replaced for" but then doesn't realize people can find another job paying 20% more without blinking an eye. If you think of pay as a retention tool, realize that if you don't increase pay during inflationary periods, you are going to have horrible retention issues.

[@richard77231]

When the terms "raise based on inflation" is used, that's generally in terms of "inflation in the cost of living". In other words, pay me more because I need it to afford my standard of living.

[@chimchu3232]

@@richard77231 exactly. That's what employers should be doing to keep you at the same level. You got hired in at that standard of living, so not increasing pay is effectively giving a pay cut

[@Originalman144]

Nope. If everyone could find another job paying 20% more then many would leave. Where did you come up with this figure?

[@HQSCJIPZ]

He would give the same answer: both wages and rent should be based on conditions of the marketplace

[@hannesproductions4302]

The economics in this comment don't make sens. Are you saying that people don't want to make 20% more? If this where true everybody would get a higher paying job.

[@r.jay2691]

My job must’ve disagree with Ramsey , because we are getting a raise based on inflation

[@jdtreharne]

They're giving an 8.5% raise across the board? Yeah, sorry, I don't believe that.

[@Hboogie182]

​@@jdtreharne Everyone in my department got a 10-20% raise this year based on inflation. Previous years we got 4-5% raise.

[@stevenporter863]

@@jdtreharne Probably includes bonuses, absorbing benefits increasing costs, etc. as well as salary.

[@ykciR]

So what’s gonna happen when this inflation goes back down? Are they going to lower your pay again?

[@LevAizik]

​@@ykciR Prices will never go back. In the best case scenario inflationary pressures will ease in the next 6-12 months. We are a long way from deflation.

[@a.r.hollowayauthor7210]

Could not disagree with yall more.

[@NorthernExposureATV]

Definitely disagreeing with Dave here, rather disappointed. Without an inflation based raised my income is reduced because my living cost rises and in this case significantly. I have walked away from bosses like you. I no longer ask for a wage, I tell my interviewers my wage and if they can't pay me what I want....I move on. My employer has to work with me not against me. Terribly disappointed in Dave here.

[@triple_gem_shining]

Well if Dave was your boss you'd be making 10 times more with your now I'm sure which then inflation isn't going to affect you as much inflation and affects the people who are closest to the bottom

[@ercokatty]

@@triple_gem_shining And the people at the bottom ARE hugely affected by this. When you are making $15 an hour, but driving to and from work is eating into that hourly wage, it is financially painful. 🙁

[@veroniquevesta7516]

🙏Amen!

[@FS2obscura]

You’re not being paid less. Your dollars buy you less. But you know that

[@NorthernExposureATV]

@@FS2obscura right...so I'm being paid less....if my wages don't keep up with inflation then I'm getting behind...if I'm behind I need greater wages...if I need greater wages then I'm not making as much as I should....its literally the same thing....but you know that 👌

[@JustinCase780]

To IGNORE the cost of living index is laughable. Imagine moving a firm from Nashville to NYC, Boston, L.A, S.F...etc. and saying "o.k. everyone same ol' same ol' wage until YOU prove that you are more productive" 🤣

[@jdtreharne]

I don't think he said to ignore the cost of living?

[@odium3691]

He did. He very specifically said that a raise comes with more productivity.

[@acruzro95]

@@jdtreharne cost of living IS inflation. For example, if the cost of living in georgia becomes the cost of living of new york, then the wages in georgia should increase. Dave is a nice guy. Doesnt mean he's always right. Hes providing an answer on the fly and can make mistakes

[@Joe-Tdot]

Welcome to Stupidity of the Ramsey show Dave want the rich get richer.

[@NoXiousBLD]

"You need more money? Rice and beans for the rest of your life. Sell the car! You have legs right?" This guy....🙄

[@theneverending9319]

I bet this pos gives himself plenty of raises. He's clearly eating well.

[@kabasler7]

Lol when has inflation ever went down? Gas prices may drop but every company that has raised prices will keep then where they are.

[@sblijheid]

It has. Just google it.

[@jamiewilliams3179]

@@sblijheid no it hasn’t.

[@Gates3Designs]

....NEVER be loyal to a company...EVER. Also if you want a raise, switch jobs.

[@JakeStewart1343]

Change is hard for most. Comfort feels so good! 😂

[@BrianW211]

What the heck did Ken say? "...they think that they should get a bump for inflation, so if we play that reasoning out, that means you take it away as soon as inflation begins to subside." That makes no sense. Hypothetically, if a company gave annual salary increases based on the annual inflation rate, the size of next year's raise (in percentage) might decrease from this year's, but the company would only decrease salaries in the case of negative inflation (deflation), which has happened only a couple of times since the Great Depression.

[@Hboogie182]

Actually Ken said and I'm paraphrasing "salary shouldn't be based on inflation, this is a leadership issue so I recommend you buy our Smart Dollar product". I lost respect for this guy.

[@JustinCase780]

That was as patronizing and out of touch as it gets...Annual salary increases should be the norm and they use to be at most places.

[@Devinfrbs]

Ken doesn't understand inflation. Inflation going down does not mean deflation. It already happened, you don't take away the raise because prices stop going up. They already went up.

[@4397evan]

Ramsey Solutions better not be raising prices on their services according to this advice.

[@Meleeman011]

too late, he already raised rents

[@righand]

Lol crosses his arms and pouts. Dave you’re wrong about this one. If you don’t come up in compensation, people will leave. It’s that simple.

[@aldoruiz5683]

Watch Dave go on Fox News or post a video calling people whiny entitled babies for making sound arguments against his logic

[@timothygibney159]

Then don't expect me to stick around based on inflation.

[@HatedJared]

Literally switching jobs in one week because my new employer offered me $20k more to do the same work. Current job gave me a 2% annual cost of living raise this year.

[@lordnikon5736]

"Beware of false prophets, which come to you in sheep's clothing, but inwardly they are ravening wolves" - Matthew 7:15

[@leadnsteel1428]

Most people these days are barely getting by as it is. We are already working everyday just to get by. Companies should recognize the best performers and give them bonuses.

[@GlassJack]

Caller: I'm having a hard time getting by with these rising costs Ken: It is clear that you are the issue. Having you considered rationing your children's food?

[@spot_of_tea53]

Boomer showing strong here, Dave can only suppress it for so long.

[@DEBTFREEMIKE769]

He’s right. But, also I should have a right to leave, if I want to, and work for someone better. I hate that in at-will states, an employer can fire you with or without cause right then. Yet, if I decide to fire (leave) them, I have to give two weeks notice. F that.

[@FatMenace]

No idiot. You can simply stop showing up

[@Drake21339]

You can walk out the door right now and walk right into a new job and you don’t even have to call your former employer.

[@mlandrew6288]

You don't have to give them two weeks notice. It's it's just a courtesy. I believe in only giving them two weeks notice if you feel they deserve it.

[@michael7264]

At-will is at-will.. for both parties. The two weeks is just courtesy

[@Alexis-wh2de]

How can a business charge customers more for the same quality good or service but not pay their workers more for their same level of production? That's just unsustainable long term and the extra money earned is ultimately going to someone's paycheck.

[@jdtreharne]

She never said she's charging her customers more

[@jdtreharne]

@Dementia Joe That's just not true.

[@mykelmellen2378]

I've never seen anyone disagree with the man more than now. Bad bad take. 😂

[@terrodar19]

See this is why Ramsey is 80% full of it, i am sick of hearing these rich people telling everyone ‘how to be rich’ like him, thats his entire business guys. He aint doing it out of charity LOL

[@ryantcollier]

“You are paid what the position pays in the marketplace.” So, if inflation causes other employers/competitors in the marketplace to raise salaries (even if your/my employer/competitors does/do not), does that mean I should expect an inflationary raise because that is what the position pays in the marketplace now?

[@nickmaunder6478]

Theoretically yes and if your work place isn't willing to match then you change jobs.

[@ontologos5768]

Exactly.

[@hughmiller9839]

Love Dave's personal finance philosophy, but this take was so bad. Labor is a commodity and like every other commodity, it must and will respond to inflation. And it usually happens when people stop working for bosses like Dave and take a job that will actually cover their new cost of living. He's being pretty self contradictory as well, since he's been telling landlords they shouldn't feel guilty for raising rent because of inflation. If landlords can give themselves a raise, you better believe workers are going to do the same.

[@starlight7499]

Best comment ever 👌👌👌👏

[@dannyq9155]

Wow utter garbage. What I'm hearing is I Dave Ramsey is too cheap to pay you. So shrink your already tight budget and instead buy Financial Peace to help you.

[@TimErwin]

When you're adding value to an organization, they want to raise your paycheck? I wish, Dave. Decades of stagnant wages with record corporate profits says otherwise....

[@jordang8317]

Agreed. The only time they would ever WANT to pay you more for better performance is if they know you are willing to take your performance elsewhere. If you are someone who wouldn’t ask for more and leave if told no, it’s literally in their best interest to keep your pay the same.

[@jessicaolson490]

This is why people that move jobs on average every two years make 50% more than those that don't.

[@JohnDoe-gc1kt]

Jobs or companies??

[@rharris8429]

I love when he gives boomer answers like this lol

[@zombl337og]

Ramsey is disconnected from the average wage, and is showing his age.

[@JanInks]

📌

[@jonathantate8103]

I'm not a Dave ramsay hater, but he is massively off base here. This type of baby boomer thinking is exactly why more workers need to unionize and refuse to work for the same wages our parents did

[@abrin5508]

Accounting for inflation your parents had way better wages.

[@jonathantate8103]

@@abrin5508 that's exactly my point

[@Sirstealthsalot]

The price of everything I must consume has increased, why shouldn't the price of my labor?

[@15KHPCLUB]

Because he, like most bosses want everyone else to be poor

[@Sirstealthsalot]

​@Local Council Jobsworth Exactly. Because the people have to spend more money, their price for their labor is going to increase. Glad we can agree.

[@Buggu3]

@@15KHPCLUB if they paid u well You’d be to comfortable and not show up the next day

[@15KHPCLUB]

@@Buggu3 I'm self-employed so I can choose not to show up 😎 I'd be a complete fool to keep slaving away for someone else, making them rich for the rest of my life and staying broke 💯

[@markallenrandle]

Wow, Dave sure showed some hostility toward this subject. Sounds like this is a contentious subject at the Ramsey office right now lol

[@robertrudisill5777]

This is the only financial Issue Dave is wrong. It makes sense in a payroll ROI because if you don't, then they will walk. Called the Great Resignation. And I'd love to see what Dave's tenants are being told about the rent increases....

[@15KHPCLUB]

The "only" issue??? 🤣🤣🤣

[@flyingscotsman32]

Dave’s wrong on other stuff too. He’s just overly transparent in his own self interest with this “advice” which could also be called “propaganda”

[@dude1234522]

This is embarrassing Dave.

[@mrdee2454]

Because Dave Ramsey owns a business and does not want to give his staff better wages

[@omaxman1]

You didn't hear a thing... huh?

[@gabemondry]

He’s also increasing his tenants rents too. What a surprise….

[@NetGhost420]

Yeah, because f em, that's why.

[@citizendaine218]

BINGO!!!!

[@wandahaines7143]

You don't GIVE wages you EARN wages. If you want better pay prove that you're worth it. Prove that you're better than the person next to you or better than somebody else that he can hire to replace you. This is the real world, you don't get a participation trophy, you earn your wages. Further your education, take training courses, do the extra mile. I know doing extra for your job is frowned upon but it makes a difference.

[@Buchananmtrspts]

I'm 100% Ramsey, but when Ken was talking all I could think of is Clark Griswold getting a membership in the jelly of the month club instead of a Christmas bonus. 🤣🤣🤣

[@jesseeec]

He’s saying that because he’s an employer

[@ArturoVideoful]

People like Dave are the reason there is a labor shortage. They are also the same ones that don’t understand what caused it.

[@omaxman1]

Can you explain?

[@jdtreharne]

If that's true, Ramsey Solutions will feel it in the marketplace by not being able to keep good talent.

[@AzzBackwards]

I love my job and can make 100k when times are good. But our competitor offers 18% more pay and my company doesn't give pay raises EVER. I feel like why not give em a try honestly.

[@jackcoleman5955]

I love Dave like no one else, but Dave is wrong, wrong, wrong here. “Just manage your budget” is NOT the solution. And, Ken, inflation only goes one direction. It is not going to “go back down”. As someone who is generally loyal, this just confirms you must leave!! Inflation forces us all to spend more time and energy job-hopping and on self-promoting just to break even. Though it IS good to stay in the “marketplace” to know what you’re worth…

[@paulrenshaw8061]

Dave wants the poor to get poorer. There is no other way of putting it

[@boxer1dog]

That's very Christian of him

[@DFWLAWYER]

And this is how wages have been stagnant for fifty years

[@Shockeclipse]

This is why people are losing employees like crazy right now. I've lost $5 per hour in purchasing power since 2020. My employer is hiring new people for more money than the people that are here already doing the job.

[@xDynastyHD]

It's okay my new job gave me a 30% raise which is way more than inflation.

[@MooMoo69556]

You went from $15 an hour to $19.50 an hour who cares

[@jamiewilliams3179]

@@MooMoo69556 don’t feel bad about how much you make that you have to project it onto other people.

[@MuffinTessee]

"We won't pay you more even though everything costs 10% more now, but let's talk about how you can better manage your $15 an hour while your rent increases $300 a month"

[@JakeStewart1343]

Sell your car, pets, etc and find a side hussle

[@VNBSlash]

​@@JakeStewart1343sell your guns too. I still remember some guy called in and asked Dave that because he budget as much as possible 😂😂😂.

[@Derek.Mitchell]

If I worked at Ramsey Solutions I’d probably start putting feelers out for unionization after watching this straight up dystopian take

[@veroniquevesta7516]

Yup!

[@sblijheid]

Then the profit share will go away. Quit hearing selectively. He said no inflation adjustment but he has profit share.

[@Derek.Mitchell]

@@sblijheid profit sharing is a common union ask and he’s already offering it. It might change in order to raise salaries, but I don’t see what leg Dave would have to stand on in order to take it away.

[@ywamdan408]

are you a Marxist? because unions are always bad in the end, good in the short term, terrible overall

[@rustyshackelford4085]

Thank you for reminding me never to be loyal to an employer.

[@michael567jober]

that gas remark was so smug. inflation isn’t only gas. inflation never goes down

[@willypedernales4213]

Everything went up now a days and NOT likely to come down...Same product but more expensive...Salaries should go up too, but I know bosses will NOT do it, its better to switch jobs....

[@coffeewithmike3916]

I was in the same position seven months ago I asked for a raise they said no I walked now I make more money. If your company is not willing to pay you what you want based on your skills go to his competitor

[@hockeycentral1149]

Ramsey charges his clients based on inflation.

[@BlowitAllUp]

Boomers had it good.

[@arh1234]

I hate this. Forcing people to leave (or threaten to) and confront their employers for COLA victimizes the loyal and the conflict averse. So tired of employers making people beg.

[@bluecollartradesman715]

If your conflict averse then you should probably be in a union. Dave made a good point if your salary is tied to inflation, cost of living, etc you risk taking a pay cut.

[@Derek.Mitchell]

@@bluecollartradesman715 right but cost of living generally trends upwards and buying power of the dollar generally tends downwards, so most workers in most cities don’t have much to lose. Even famously mismanaged cities like Detroit, St. Louis, and Cleveland have skyrocketing costs of living.

[@sblijheid]

@Derek Mitchell I don't get your point. Mismanagement tends to cause inflation. Buying power is a problem right now. Even though the costs are up, the US dollar is insanely strong as a currency. That's another part of the equation a lot of people overlook.

[@Derek.Mitchell]

@@sblijheid ​ My point was that workers don't have much to lose if their pay is tied to inflation and inflation reduces. Real estate drives inflation so cities that don't build housing at rates which keep up with demand (especially dense housing with access to multi-modal transportation) experience the worst effects of inflation. Cities (like the ones mentioned) that build sprawling suburbs leave little room for growth set themselves up for problems with expensive deferred maintenance and may even experience localized deflation. Urban planners refer to this phenomenon as the growth ponzi scheme. The dollar is a strong currency when traded against most other currencies, but its purchasing power has consistently declined since the 80's. If the wage is held constant then you'd see and increase over time in the required wage hours to afford the same commodities.

[@notabannedaccount8362]

Dave Ramsey hates the working class!

[@jacobmelin7096]

Yup!!

[@tannerlayton365]

If that is true, then why does he spend every day trying to help them become millionaires?

[@MechE11B]

Help? He is literally selling his products every single day. Sure it looks like help but if he couldn't make a profit off of this he wouldn't be doing it. Let's not be naive about it shall we?

[@tannerlayton365]

@MechE11B I have never bought a single thing from him, yet I have learned a lot through his video's such as this one. I also use them to stay informed on current financial news and get the real story. I have never spent a single dollar on this. If he hated the working class he would make us pay for these videos. It would add a lot of revenue to his company, yet he gives it to us for free. And on top of that he is always giving away books and courses to people who call in if he feels that it would truely help them. If he hates the working class, he is really good at hiding it.

[@JonathanKayne]

"pay what you can be replaced for" is correct, which is exactly why you gotta adjust salary based on inflation. Inflation means that the market value of my job goes up every year so if you don't do the adjustment now you are offering the lowest paying job in the market and nobody will take up the position.

[@mathisnotforthefaintofheart]

I work in academia. We get raises based on inflation. It's fairly normal. I don't understand Dave's logic here, but if I have to BEG for a raise, I think I might go elsewhere

[@bobbyb7672]

Meanwhile Dave was mad about people sitting at home making more on unemployment. If you want people to come and work, you have to pay up.