Inflation vs Young Generation's quality of life

Introduction to Inflation
Definition of Inflation rate (consumer prices): This entry furnishes the annual percent change in consumer prices compared with the previous year's consumer prices.


What happen to young engineers nowadays?
Basic Salary @XXXXX MNC Penang (actual )
2005 - Engineer basic monthly Salary (Bayan Lepas, Penang) - RM2,500.00 (permanent employee)
2006 - Engineer basic monthly Salary (Bayan Lepas, Penang) - RM2,500.00 (permanent employee)
2007 - Engineer basic monthly Salary (Bayan Lepas, Penang) - RM2,500.00 (permanent employee)
2008 - Engineer basic monthly Salary (Bayan Lepas, Penang) - RM2,500.00 (contract - 1 year)
2009 - Engineer basic monthly Salary (Bayan Lepas, Penang) - RM2,500.00 (contract - 1 year)
2010 - Engineer basic monthly Salary (Bayan Lepas, Penang) - RM2,500.00 (contract - 1 year)
2011 - Engineer basic monthly Salary (Bayan Lepas, Penang) - RM2,800.00 (contract - 1 year)

2005-2011 - 12% increase in wage....

 The "OK" company should give at least 5% increment on basic:-
2005 - RM2,500
2006 - RM2,625
2007 - RM2,756
2008 - RM2,894
2009 - RM3,038
2010 - RM3,190
2011 - RM3,350

 Food Price @Penang.
2005 - Hokkien Mee RM2.00-RM2.20
2011 - Hokkien Mee RM2.80-RM3.50

Food price inflation is around ~40%


House price @Penang.
- The house price (inflation + speculation) ~8-12% increase.
 Within 3 years, Penang Condo price move up 50% ...

Conclusion:-
So, are you underpaid?
If you can get salary increment by 8% every year, you can beat inflation but can't be rich.

"Professional" worker, how inflation eat up your salary?

http://www.pitchyourtalent.com/pyt/pyt-sample-pitches.htm

Please see above link.
Salary : SGD10,000
Working Experience : 24 years

He was an engineer before promoted to Manager. Please see the different :-

Capitalist/Smart Investor vs Stupid Worker

a) Stupid Professional Senior Manager -Joke if you see his salary...
Imagine , when he start work, starting pay is 2.5k.
In order to get 10k salary after 24 years working, he need to get 6% increment for every year.

6% is enough for inflation  ... LOL


b) Investors
Smart Investor with capital 100k.
Annual compound return 15%  for 24 years :-
2.86 million after 24 years with annual compound return 15%.

At 25 years, 15% of 2.86Million is 429k/year return.


Joke? Professional worker's increment is just enough for inflation. This is fact. What a joke?!