10-03-2021, 03:00 PM
111
Re: 1% wage rise for NHS!!
Originally Posted by Bruce
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Surely the important question is whether the 1% pay rise is higher than the inflation rate? otherwise their wages are declining in real terms.
11-03-2021, 01:47 AM
112
Re: 1% wage rise for NHS!!
I suppose the lack of any industrial relations system in the UK means that you have no accurate statistics or fair way of determining wages.For example in Australia the CPI (Consumer Price Index) for the 2020 year was 0.9%. This is well below the Reserve Bank's target of annual inflation between 2% and 3%
The WPI (Wage Price Index) was 1.4% so wage earners are only just keeping ahead of inflation. Wages are all adjusted for inflation by the Annual Wage Review conducted by the Fair Work Commission in the second half of the year. The commission also hears submissions from employer bodies, Unions and government during this process. This is separate to individual award and enterprise agreement adjustments
https://www.fwc.gov.au/awards-and-ag...l-wage-reviews
https://www.abs.gov.au/statistics/ec...-and-inflation
11-03-2021, 01:22 PM
113
Re: 1% wage rise for NHS!!
Originally Posted by Bruce
->
I suppose the lack of any industrial relations system in the UK means that you have no accurate statistics or fair way of determining wages.For example in Australia the CPI (Consumer Price Index) for the 2020 year was 0.9%. This is well below the Reserve Bank's target of annual inflation between 2% and 3%
The WPI (Wage Price Index) was 1.4% so wage earners are only just keeping ahead of inflation. Wages are all adjusted for inflation by the Annual Wage Review conducted by the Fair Work Commission in the second half of the year. The commission also hears submissions from employer bodies, Unions and government during this process. This is separate to individual award and enterprise agreement adjustments
https://www.fwc.gov.au/awards-and-ag...l-wage-reviews
https://www.abs.gov.au/statistics/ec...-and-inflation
12-03-2021, 12:39 AM
114
Re: 1% wage rise for NHS!!
Originally Posted by The Artful Todger
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There should be no wage increases unless it is self financed by increased productivity or changes in the employment market.
The National Wage case just ensures that all workers are not worse off due to inflation, changes to taxation or legislative changes etc, their determination applies to all awards and wages nation wide.
It is also important for pensioners because the Australian pension is a proportion of the average male wage and is indexed every 6 months.
12-03-2021, 11:50 AM
116
Re: 1% wage rise for NHS!!
Originally Posted by Longdogs
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Forget all the 'accountant speak'. They have put their lives on the line for over a year, many have died because of it and they have worked bloody hard. They deserve a reward.
18-03-2021, 07:39 AM
117
Re: 1% wage rise for NHS!!
Finally Boris is being told off for his rubbish plans to reward the nurses who saved his life.https://news.sky.com/story/covid-19-...-deal-12249196
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