2023 Raises/Cost of living

[KalipsoRed21, BSN, RN]

So those on social security got an 8.7% increase in their checks this year to keep up with inflation. So is everyone seeing this reflected in your raises this year? Everyone getting 10%? You know cost of living plus we stuck with your ******** though a pandemic??? Just curious as I have not had my raise this year yet but was wondering if they were going to low ball me with the standard 3%.

Quote

This year, the nation's 66 million Social Security recipients got their biggest benefit hike since 1981 — an 8.7% cost-of-living adjustment meant to help offset the highest inflation in four decades. But next year's benefit adjustment is shaping up to be much more meager.

Social Security recipients got an 8.7% COLA for 2023. Forecasts say it may be stingier in 2024.

[Hoosier_RN, MSN]

Another nurse and I got 12%, but others in my clinic got 2-3%, as they refuse to do this, that and the other-work as a tech, cannulate, etc. I got lucky and was noticed for what I bring to the table, instead of the gossip group who got the lower percentages 

[klone, MSN, RN]

Nurses that are in MNA (Minnesota) saw an across-the-board 7% increase last year, and a 6% increase in 2023, and will see an additional 5% in 2024.

[brandy1017, ASN, RN]

klone said:

Nurses that are in MNA (Minnesota) saw an across-the-board 7% increase last year, and a 6% increase in 2023, and will see an additional 5% in 2024.

But this was with the help of a union and a strike or a threat of a strike right?  I don't remember if they actually were on strike.  I remember there was talk of it though.  Most places are non union and won't give out those raises or at best will pick and choose who they will go to.  

 

[brandy1017, ASN, RN]

KalipsoRed21 said:

So those on social security got an 8.7% increase in their checks this year to keep up with inflation. So is everyone seeing this reflected in your raises this year? Everyone getting 10%? You know cost of living plus we stuck with your ********* though a pandemic???

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I find your comment insensitive.  People living on social security worked and paid into it all their lives and surely didn't want to be hospitalized and some died during the pandemic. 

Check out social security benefits, they are a pittance, not enough for people to live on and medicare usually comes out of it off the top, as well, which rises at the cost of inflation each year too.  On the flip side the 8.7% bumps up everyone's benefit including the rest of us who haven't claimed ours yet!  But it doesn't take into account the high medical costs that many elderly have beyond the average person.  At least if you are working you can always pick up OT, switch jobs and save and invest your money for the future. 

[Emergent, RN]

You're seriously resenting senior citizens getting a cost of living increase??

[KalipsoRed21, BSN, RN]

brandy1017 said:

I find your comment insensitive.  People living on social security worked and paid into it all their lives and surely didn't want to be hospitalized and some died during the pandemic. 

Check out social security benefits, they are a pittance, not enough for people to live on and medicare usually comes out of it off the top, as well, which rises at the cost of inflation each year too.  On the flip side the 8.7% bumps up everyone's benefit including the rest of us who haven't claimed ours yet!  But it doesn't take into account the high medical costs that many elderly have beyond the average person.  At least if you are working you can always pick up OT, switch jobs and save and invest your money for the future. 

Then you may have mistook my comment? My husband and mother are both above 62 and on/starting SSA. I know how little their income stretches....MY INCOME supplements theirs. My point being that the traditional 3% raise doesn't help with the fact that inflation is raising so fast and the evidence for how bad inflation is comes from the largest SSA increase ever. No not everyone can work OT or pick up extra.

 

If the government can see that our SSA citizens need a vast increase in income, why can't our employers? Oh, right, we need a union.

[brandy1017, ASN, RN]

KalipsoRed21 said:

Then you may have mistook my comment? My husband and mother are both above 62 and on/starting SSA. I know how little their income stretches....MY INCOME supplements theirs. My point being that the traditional 3% raise doesn't help with the fact that inflation is raising so fast and the evidence for how bad inflation is comes from the largest SSA increase ever. No not everyone can work OT or pick up extra.

 

If the government can see that our SSA citizens need a vast increase in income, why can't our employers? Oh, right, we need a union.

Employers in general will pay the least possible that is pretty much a given.  Now many people are being laid off  and unemployed as the ongoing inflation worsens the recession that has been redefined and unacknowledged until it is now impossible to ignore. 

We are in the midst of stagflation that will probably be worse than in the 70's.  I've mentioned in another post there are many reasons for this, some downright sinister r/t WEF's plans for us peons.  A few include the decades of propping up the stock market and housing thru low interest rates and creating money out of thin air, trillions in covid stimulus, supply constraints and the war, as well as all the food factory fires and shut downs. And this is a worldwide economic disaster leading to famine, starvation and death in some countries!  The bottom line is we have to be prepared for the worst and find ways to save money, spend less and stock up on food etc as things will probably be getting worse not better.

A few YouTube sites that will tell you the truth about what is going on that I recommend are the Economic Ninja, I Allegedly, The Kwak Brothers and Redacted.

 

[K Tanner]

Also as of July 1 Medicaid is now paying the highest rated ever. Over all I think pays should be going up across the board.

K. Tanner

[klone, MSN, RN]

brandy1017 said:

But this was with the help of a union and a strike or a threat of a strike right?  I don't remember if they actually were on strike.  I remember there was talk of it though.  Most places are non union and won't give out those raises or at best will pick and choose who they will go to.  

 

Several MNA facilities did strike last September (it was a planned 3-day strike) and then there was a threat of another strike a few months later and the contract was settled at the 11th hour. As other facilities renegotiated their contracts with MNA since last fall, they pretty much fell in line with the others in order to keep the community market consistent (oh, the things I learned about how that all works, being on our facility's contract negotiation team! It was definitely an enlightening experience).

But yep, one of the many benefits of working for a facility that has a strong nurses' union, and living in a state that also has strong union presence. As a leader, there are times when I *** and moan about our union (like, when trying to get rid of a new employee who is completely inept) but for the most part, I do appreciate nurses' unions and what they do for our nurses.

[NICU Guy, BSN, RN]

11% raise last month, non-union Midwest