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Career Reality Check
What Did My Raise Really Buy Me?
A raise looks good on paper. But what happens when you factor in inflation, longer hours, and a longer commute?
Your numbers
Compensation
Your time
This is an estimate, designed to help you think about compensation in terms of both money and time.
Your raise
+6.7%
That’s an additional $6,000 per year.
Inflation-adjusted increase
+3.6%
Effective hourly pay before
$43.27
Effective hourly pay now
$42.02
Change in effective hourly pay
-2.9%
The bottom line
Your raise increased your salary, but not your effective hourly pay.
You’re earning more money, but you’re also giving more of your time to work.