DNWIFOG Posted October 4, 2022 Share Posted October 4, 2022 Inflation is calculated using the same ‘basket’ as the living wage. Therefore, the 10% inflation rate is approximately £2000 for someone on the living wage. This amount should be the benchmark and applied across the board. Not £4000+ for bus drivers etc; cap the rise to £2000 for everyone earning more than the living wage and pay the £2000 to those earning less than the living wage. Leveling up for real, instead of allowing some overpaid employees to continue to open the (already wide) gap from those not so fortunate. Percentage pay rises across the board have no place in a modern, progressive society that supposedly ‘looks after’ the less fortunate. 2 1 Quote Link to comment Share on other sites More sharing options...
Banker Posted October 4, 2022 Share Posted October 4, 2022 2 minutes ago, DNWIFOG said: Inflation is calculated using the same ‘basket’ as the living wage. Therefore, the 10% inflation rate is approximately £2000 for someone on the living wage. This amount should be the benchmark and applied across the board. Not £4000+ for bus drivers etc; cap the rise to £2000 for everyone earning more than the living wage and pay the £2000 to those earning less than the living wage. Leveling up for real, instead of allowing some overpaid employees to continue to open the (already wide) gap from those not so fortunate. Percentage pay rises across the board have no place in a modern, progressive society that supposedly ‘looks after’ the less fortunate. Agree but try telling that to civil servants, teachers etc 1 Quote Link to comment Share on other sites More sharing options...
DNWIFOG Posted October 4, 2022 Author Share Posted October 4, 2022 These are the people who should understand this concept. But no, greed is all pervading. The worst offenders are the trade union ‘professionals’. 2 Quote Link to comment Share on other sites More sharing options...
offshoremanxman Posted October 4, 2022 Share Posted October 4, 2022 28 minutes ago, DNWIFOG said: Inflation is calculated using the same ‘basket’ as the living wage. Therefore, the 10% inflation rate is approximately £2000 for someone on the living wage. This amount should be the benchmark and applied across the board. Not £4000+ for bus drivers etc; cap the rise to £2000 for everyone earning more than the living wage and pay the £2000 to those earning less than the living wage. Leveling up for real, instead of allowing some overpaid employees to continue to open the (already wide) gap from those not so fortunate. Percentage pay rises across the board have no place in a modern, progressive society that supposedly ‘looks after’ the less fortunate. It makes more sense to do it via one off lump sums if it has to be done not add 10% that’s then multiplied forever and ever in your payroll and pensions liabilities. It’s what a lot of employers are doing with one off “cost of living” payments. 10% inflationary as an award that’s never taken away is mental. The public sector is just being incredibly greedy despite the state of the economy. Quote Link to comment Share on other sites More sharing options...
DNWIFOG Posted October 4, 2022 Author Share Posted October 4, 2022 Additionally, these huge percentage pay rises are the real inflation drivers. Time for a change in the way we as a society think, methinks. 2 1 Quote Link to comment Share on other sites More sharing options...
code99 Posted October 4, 2022 Share Posted October 4, 2022 (edited) 1 hour ago, DNWIFOG said: These are the people who should understand this concept. But no, greed is all pervading. The worst offenders are the trade union ‘professionals’. 1 hour ago, Banker said: Agree but try telling that to civil servants, teachers etc No, it is not the fault of the workers. You should blame crony capitalism and their patsy politicians who over a last couple of decades fashioned huge inequality and divisions in society. It is a national scandal that it is no longer possible for someone on a salary of £25k to afford a roof above their heads, whether through renting or buying. The pay discrepancy between senior civil servants (general consensus is that, in the main they are pretty useless on this Island at least) and their ‘juniors’ harks back to Dickensian times. The situation is not much fairer in some sections of a private sector either, with rampant inflation exacerbating what were already precarious economic and financial conditions for many ordinary workers. When the gap between haves and have nots grows to such extent that ordinary people are no longer able to have a decent quality standard of living, something has to give - this has been a long time coming. Edited October 4, 2022 by code99 11 Quote Link to comment Share on other sites More sharing options...
Cambon Posted October 4, 2022 Share Posted October 4, 2022 It would be interesting to know, when this all reverses and prices become deflationary, will those same people accept an appropriate pay cut? 1 1 1 Quote Link to comment Share on other sites More sharing options...
offshoremanxman Posted October 4, 2022 Share Posted October 4, 2022 9 minutes ago, code99 said: No, it is not the fault of the workers. You should blame crony capitalism and their patsy politicians who over a last couple of decades fashioned huge inequality and divisions in society. It is a national scandal that it is no longer possible for someone on a salary of £25k to afford a roof above their heads, whether through renting or buying. The pay discrepancy between senior civil servants (general consensus is that, in the main they are pretty useless on this Island at least) and their ‘juniors’ harks back to Dickensian times. All that is needed is temporary adjustments. Conister are giving people £250PM for the winter months as they know that the inflation is just a spike that won’t have a long term effect. Any employer giving 10% that will be carried in the books forever just because we are going through a spike cause by the end of a pandemic and a fuel crisis caused by a war in Ukraine is mental. It’s also fairer on lower paid workers as if you’re on £20,000 £250PM extra has much more impact than if you’re on £80,000. Government and the taxpayer is being mugged by the unions. 1 Quote Link to comment Share on other sites More sharing options...
HeliX Posted October 4, 2022 Share Posted October 4, 2022 58 minutes ago, DNWIFOG said: Additionally, these huge percentage pay rises are the real inflation drivers. Time for a change in the way we as a society think, methinks. No they aren't, printing money is. 1 1 Quote Link to comment Share on other sites More sharing options...
Apple Posted October 4, 2022 Share Posted October 4, 2022 One of the problems seems to be the amount people pay in tax. The Tax payers Alliance a couple of years ago proposed a sliding scale of earnings to tax paid that did away with the tax bands and seems a much fairer system that did not penalise success in pay. I mentioned the other day about establishing a link between the lowest paid staff in a business or company to the highest earner and maintaining that link which invests everyones interest in that business success. Some companies do it and have realised the benefits. Or like others add on by giving shares to staff. In the public sector though we are watching a recruitment and retention crisis that can only be rectiified and reversed by people having a better standard of living based on what they earn. No extra holidays, no cutting down the hours, no teacher or nurse of the month competitions - but real money. Until we put a figure on what it costs to live a radical approach would be to introduce a realistic full time realistic minimum wage should be £30k and pay freezes or higher taxes for the top earners in public services to pay for it. That would include politicians and managers but not the highly skilled professionals we are trying to attract. Quote Link to comment Share on other sites More sharing options...
HeliX Posted October 4, 2022 Share Posted October 4, 2022 2 minutes ago, Apple said: One of the problems seems to be the amount people pay in tax. The Tax payers Alliance a couple of years ago proposed a sliding scale of earnings to tax paid that did away with the tax bands and seems a much fairer system that did not penalise success in pay. I mentioned the other day about establishing a link between the lowest paid staff in a business or company to the highest earner and maintaining that link which invests everyones interest in that business success. Some companies do it and have realised the benefits. Or like others add on by giving shares to staff. In the public sector though we are watching a recruitment and retention crisis that can only be rectiified and reversed by people having a better standard of living based on what they earn. No extra holidays, no cutting down the hours, no teacher or nurse of the month competitions - but real money. Until we put a figure on what it costs to live a radical approach would be to introduce a realistic full time realistic minimum wage should be £30k and pay freezes or higher taxes for the top earners in public services to pay for it. That would include politicians and managers but not the highly skilled professionals we are trying to attract. Tax isn't a penalty for success in pay. You still get paid more. 6 Quote Link to comment Share on other sites More sharing options...
BriT Posted October 4, 2022 Share Posted October 4, 2022 2 hours ago, Cambon said: It would be interesting to know, when this all reverses and prices become deflationary, will those same people accept an appropriate pay cut? Nobody will be paying it back ever. The lump sum top up idea above makes sense on that basis. One off payments for one off incidents. Quote Link to comment Share on other sites More sharing options...
0bserver Posted October 4, 2022 Share Posted October 4, 2022 2 hours ago, Cambon said: It would be interesting to know, when this all reverses and prices become deflationary, will those same people accept an appropriate pay cut? I highly doubt any of this will ever reverse. Certainly can't see the Russia situation being resolved in the next 5 years. Quote Link to comment Share on other sites More sharing options...
WTF Posted October 4, 2022 Share Posted October 4, 2022 (edited) 2 minutes ago, 0bserver said: I highly doubt any of this will ever reverse. Certainly can't see the Russia situation being resolved in the next 5 years. who ever replaces putins corpse will want to be selling gas to anybody that will buy it. and it won't be as long as 5 years. Edited October 4, 2022 by WTF 2 Quote Link to comment Share on other sites More sharing options...
0bserver Posted October 4, 2022 Share Posted October 4, 2022 8 minutes ago, WTF said: who ever replaces putins corpse will want to be selling gas to anybody that will buy it. and it won't be as long as 5 years. I hope you're right. 3 Quote Link to comment Share on other sites More sharing options...
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