Strike Action

[Guest]

On 07/02/2023 at 10:46, Axe said:

When the inflation rate is low and under control wage increases at the same rate to match the rate of inflation is not a problem.  In the current climate wage increases to match the rate of inflation will make the rate of inflation go even higher.  

Very clever.

You should be able to move up into junior school soon.

 

[El Cid]

On 07/02/2023 at 10:36, Gleadly said:

Lets all go on strike and get big pay rises.
Then complain that everything now gets more expensive and demand another pay rise.

So you think a better option is for Government to set our pay rises?

What should they set it at, half of RPI inflation 6%?

For fire crew, NHS, footballers, bbc etc?

[Anna B]

We are in a mess. Lot's of people can't afford to live. And it's getting worse. 

It's largely been caused by 12 years of terrible Tory Governments.

They certainly don't know how to handle it or what to do.

Maybe it's time for a General Strike to get them out, and a coalition government of the best to try and sort it out.

[L00b]

1 hour ago, El Cid said:

So you think a better option is for Government to set our pay rises?

What should they set it at, half of RPI inflation 6%?

For fire crew, NHS, footballers, bbc etc?

Where governments do ‘set pay rises’, these are indexed and so ratchet up in keeping with inflation over time, whereby there never is a large gap developing between inflation and pay levels, on the scale of that which exists between NHS nurses current-day pay level and where it should be at. Reportedly, 20% (https://londoneconomics.co.uk/blog/publication/a-decade-of-pay-erosion-the-destructive-effect-on-uk-nursing-staff-earnings-and-retention-october-2022/). In some countries, like here in Lux, that indexation extends to state pensions.

 

In more turbulent times, like now, the level and frequency of indexations is negotiated and agreed between the government, unions and employer federations, wherein the government may play with some other levers (e.g. VAT exemptions, state subsidies, etc). (https://lequotidien.lu/a-la-une/prix-plafonnes-tva-index-la-tripartite-saccorde-pour-freiner-linflation/).

 

It’s a good system, if politicians aren’t allowed to play political football with it, because it forces employers to factor indexation into their managerial matrix (and so manage for growth and productivity as well, rather than only maximum profit-taking as is frequently the case in the UK), regardless of whether employees are unionised or not.

 

Of course, there’s nothing to stop you being a model employee with vital skills and superlative productivity, negotiating your own pay rises with your employer (or moving jobs) in the meantime (…and then getting that better pay indexed up just the same).

Edited February 9, 2023 by L00b

[El Cid]

9 hours ago, L00b said:

Where governments do ‘set pay rises’

They are trying to influence pay rises by giving themselves a 2.9% pay rise.

MPs and the bank of England say that high pay rises will be inflationary, even rises 5% below inflation. How can a below inflation be inflationary?

Tax rises would have held back inflation, instead they have chosen to hold back pay rises to hold down inflation.

 

[Axe]

13 minutes ago, El Cid said:

They are trying to influence pay rises by giving themselves a 2.9% pay rise.

MPs and the bank of England say that high pay rises will be inflationary, even rises 5% below inflation. How can a below inflation be inflationary?

Tax rises would have held back inflation, instead they have chosen to hold back pay rises to hold down inflation.

 

Because it is still putting more money into the economy.  The rate of inflation would fall faster if everyone took a pay cut. 

[Mister M]

1 hour ago, Axe said:

Because it is still putting more money into the economy.  The rate of inflation would fall faster if everyone took a pay cut. 

Maybe you'd like to tell that to some of these then:

Pay of FTSE 100 chief executives rose an average of 23% in 2022 | Executive pay and bonuses | The Guardian

[crookesey]

It has just been announced that the U.K. is not in recession by the narrowest of margins, this is because of a period of 0.00% inflation. I’m sure that some on this forum will question this, perhaps they could supply their statistics and where they come from.

[fools]

3 hours ago, crookesey said:

It has just been announced that the U.K. is not in recession by the narrowest of margins, this is because of a period of 0.00% inflation. I’m sure that some on this forum will question this, perhaps they could supply their statistics and where they come from.

In the last month (from 11/1/23-10/2/23), fools speciality cheese tracker has noted the following increase in price per kilo of cheese n cranberry

 

aldi                  £9.95       (9.45)        5.29%
morr               £11.45   (10.95)     4.56%
tesco              £12.00  (11.50)     4.34%

asda               £12.25   (11.50)     6.52%

coop               £12.80
sains              £13.00  (13.00)     0%

 

iceland           £13.75

spar               £14.00

waitrose         £14.25

M&S/Ocado   £16.00

 

the annual cheesy inflation is therefore well in excess of these figures

 

Edited February 10, 2023 by fools

[El Cid]

2 hours ago, crookesey said:

It has just been announced that the U.K. is not in recession by the narrowest of margins, this is because of a period of 0.00% inflation. I’m sure that some on this forum will question this, perhaps they could supply their statistics and where they come from.

It will be a period of zero growth in GDP after inflation. Inflation is still at 9-13%

 

The latest figures for December 2022 is RPI inflation at 13.4%

Edited February 10, 2023 by El Cid