Google won't raise employee pay to match inflation

Google told employees at a virtual all-hands meeting Tuesday that it will not be adjusting workers' pay to match inflation. In other words, Google's rank and file will be effectively earning less, even while the company has thrived, achieving record profits for five consecutive quarters. According to audio shared with CNBC , CEO Sundar Pichai read a question from his staff concerning the rising cost of just about everything, and the decision by some companies to offset those hardships with comme...