has there ever been an agreement to increase wages in line with cpi? how are previous agreements structured?
in my industry (IT) you’re paid the market rate, if inflation goes up but the demand for your job goes down so does your likelihood of being given a salary increase at all
on top of this if your job is made significantly easier or there’s a flood of supply then you may end up looking for another job and accepting a lower wage
So really, the government says these people deserve no raise whatsoever, or no raise that will make any difference.
i guess it depends on how much they are making now and the connection to cpi
The largest contributors to annual inflation were Housing (+6.5%), Transport (+8.9%)
If for example the employee owns their own home and drives an EV then their personal cpi has a negligible hit
but i guess the main thing would be they need to argue what the market is willing to pay vs what the union is asking for (which they didn’t supply for some reason)
has there ever been an agreement to increase wages in line with cpi? how are previous agreements structured?
in my industry (IT) you’re paid the market rate, if inflation goes up but the demand for your job goes down so does your likelihood of being given a salary increase at all
on top of this if your job is made significantly easier or there’s a flood of supply then you may end up looking for another job and accepting a lower wage
i guess it depends on how much they are making now and the connection to cpi
If for example the employee owns their own home and drives an EV then their personal cpi has a negligible hit
but i guess the main thing would be they need to argue what the market is willing to pay vs what the union is asking for (which they didn’t supply for some reason)