We actually talked about a wind-down in the time footprint of my contribution at DiamondBack today in my annual review. Progress!
Now, as with paying reparations to descendants of slaves, the devil is in the details: At what point do we start doing it, i.e., what is the trigger? What does it look like, step-wise, to do it? Certainly, it doesn’t happen until I’ve finished paying my part in my children’s education (i.e., until they finish their post-secondary educations). Maybe at that point, I take whatever the difference is between the proposed raise and the years-aggregated inflation rate as time? What will that mean for my work itself? At what point will I no longer be able to make a contribution to DiamondBack?
Ben did say wage inflation will always trail price inflation. That seems like a problem.