We are having some interesting math at work.
Raises were assumed last year to be 4 to 5% coming up this year.
But the bean counters now see a lot of fear in their futures. The rate now is 3 to 4%. A few majors will be getting 5% but just about no one else will be.
I am in for 4%. I am lucky not to get 3%.
I expect deflation so I do not mind. Things are more than on my side. I am a top performer. The weaker hands will be forced out if the economy tanks.
Any corporation can play hard ball. This situation will last for some 6 plus months into June or beyond.
Once deflation begins all bets are off on when it ends.
Plus old nutters will double down. We are waiting for the Liz Truss shuffle.