Negotiating salaries has long been a key topic in the business world across all industries; however, by the time inflation is calculated based on the average 3% annual raise, the actual bump in pay is closer to 1%. Over the past decade, fears of a recessionary economy have steered companies towards these minimal raises that have now become the norm. Add this up and after staying with a company for 2 years, over an assumed 10 year career, you could earn 50% less - and that's conservatively! Interestingly, by onboarding with a new employer, salaries can increase anywhere from 10-20%. This logic comes from the fact that raises are usually pulled from a base salary; if starting fresh, you are no longer bound to this lower wage. Yet, there are, of course, potential downfalls to continually leaping from one company to another as well. Overall, you must weigh the pros and cons of choosing whether to stay with your current employer or actively seek new opportunities. Most importantly, "as an individual, you’re a CEO of one, and you have a duty to maximize your profits."
Mr. Down to Business
President Trump has been the center of the media's attention for quite some time now; however, there's one thing he has yet to do - back down on hardly any of his promises made on his road to election. As widely-known, the President comes from a deeply rooted business background without any formal political education (he received his Bachelor of Science in Economics from the University of Pennsylvania). His business-driven acumen has largely served as the foundation in developing his agenda and guiding his decisions both here at home and abroad.
Most recently, President Trump made the decision to pull the United States out of the Paris Climate Accord, a consolidated effort across member countries to reduce the impact on global warming. Granted, this was a bold political move (which aligns with much of his days in presidency), this also stays true to his goal of bringing jobs back to America, in particular for the manufacturing industry. Additionally, the most recent unemployment data released today, shows numbers are at an all-time low (4.3%) over the past 16 years. This has sparked conversations of raising interest rates due to higher employment as well as discussions of reaching labor capacity.
Whether President Trump was a personal choice or not, the man should be applauded for getting things done and gaining momentum towards an improved economy overall.