Hacker News Reader

Comment by Kharvok | Hacker News Reader

Why would you be happy with a 3% raise any year in tech?

> Minimum means the least you can do of something. For example, if the minimum amount of dollars you must pay for something is seven, then you cannot pay six dollars or less (you must pay at least seven). You can do more than the minimum, but no less. [0]

[0]: https://simple.wikipedia.org/wiki/Maximum_and_minimum

Unfortunately, the minimum in employment agreements is frequently also the maximum.

Source this. Every Union I've seen continues to support performance based raises, just weighed appropriately against other compensation increases.

Source: the whole economy. If someone offers X, and you want Z, and you sign a contract for Y, they are giving you Y. Do you evet give Comcast an extra $50 for fun?

It's what the company supports, not what the union supports. And "performance based raises" are obviously not CoL raisesm

By this logic a minimum wage means existing no one earns more than minimum wage…?

The fact that there is a minimum wage, and that efforts to increase it are met with resistance is proof that there are many jobs for which the minimum wage is also the maximum.

Their current minimum is 0%. I suspect "you get a 3% raise this year" will be treated the same way "you get a 0% raise this year" is.

"Guaranteed minimum 3% CoL raise per year" does not mean "you only get a 3% raise per year." It is a minimum of one kind of raise, and this doesn't mean that there are no other forms of raises, or that the CoL raise wouldn't be more at times.

(reading solely from this wording, I don't work at Kickstarter and so don't know the details of the contract other than what's published above.)

Historically, mine have been about 3% during the 2% inflation years. I got 1.5% last year (whee!).

Reply on news.ycombinator.com