Jump to content
House Price Crash Forum
ingermany

Wage Inflation

Recommended Posts

Telegraph

Tube drivers getting a £1800 bonus for not striking during the 2012 Olympics...on top of the 19% 3 year deal they got last year for not going on strike.

I expect hospital staff, ambulance, fire, police, refuse workers and others will cotton on to this. 2012 is going to be they year of MASSIVE pay rises for those in essential services, and you'll be surprised at what turns out to be essential. Can Mervyn King keep pretending there's no inflation, or can he roll out another "one off" "exceptional" "imported" inflation excuse without economic commentators bursting their sides with ironic laughter. What did King say? inflation below target by 2012? I suppose maybe, if they raise the target to 10%.

Share this post


Link to post
Share on other sites

Merv's job is to target WAGE INFLATION, he is doing his job.

The target set by the goverment is 2% to 3%, say no more?

http://www.ons.gov.uk/ons/rel/lms/labour-market-statistics/september-2011/index.html

Regular pay (excluding bonuses) rose by 2.1 per cent on a year earlier.

Cash returns on an instant access account = 2.4%, 0.3% above average wage inflation, all good in the garden you see........................

Share this post


Link to post
Share on other sites

Telegraph

Tube drivers getting a £1800 bonus for not striking during the 2012 Olympics...on top of the 19% 3 year deal they got last year for not going on strike.

I expect hospital staff, ambulance, fire, police, refuse workers and others will cotton on to this. 2012 is going to be they year of MASSIVE pay rises for those in essential services, and you'll be surprised at what turns out to be essential. Can Mervyn King keep pretending there's no inflation, or can he roll out another "one off" "exceptional" "imported" inflation excuse without economic commentators bursting their sides with ironic laughter. What did King say? inflation below target by 2012? I suppose maybe, if they raise the target to 10%.

Just announced that london bus and tube fares will go up 7% in January. This is extortion !

Share this post


Link to post
Share on other sites

Last year's wage inflation is fairly flat apart from a few well positioned groups. However 2012 may be another matter. There must be a lot of pent up wage pressure. And employees have the whip hand in 2012 as the employers and government can't afford disruption of the Olympics. They're either going to need to put another few thousand in prison or dish out some hefty pay rises....or both. I wonder if the bribes paid to persuade people to turn up to work in summer 2012 will show up on wage stats?

Share this post


Link to post
Share on other sites

Just announced that london bus and tube fares will go up 7% in January. This is extortion !

Extortion works and pays well - look at the banksters - it is spreading too, executive pay, certain public sector workers, sold off energy suppliers, the lis is growing and many more want a piece of the pie. Moral hazard on an enormous scale, thatnks to govt and the central bank. When they blather about moral hazard they really are bullshitting the rest of us.

Share this post


Link to post
Share on other sites

Last year's wage inflation is fairly flat apart from a few well positioned groups. However 2012 may be another matter. There must be a lot of pent up wage pressure. And employees have the whip hand in 2012 as the employers and government can't afford disruption of the Olympics. They're either going to need to put another few thousand in prison or dish out some hefty pay rises....or both. I wonder if the bribes paid to persuade people to turn up to work in summer 2012 will show up on wage stats?

Good job some of us were given a 2 year at 2% pay deal :angry:

Share this post


Link to post
Share on other sites

Wage inflation is slowing even as rpi and cpi goes up. That was in the inflation report.

Not for everybody. The increasing RPI will lead to some further pay rises this Autumn

Jaguar was a 5% rise in 2010 and RPI + 0.5% or 3% in 2011 whichever is higher

http://www.dailymail.co.uk/money/article-1326985/Pay-deal-secures-Jaguar-Land-Rover-workers-jobs.html

BT got 9.3% over 3 years but subject to re-negotiation if RPI is more than 3.2% in Nov 2011

http://www.cwu.org/news/archive/cwu-secures-9.3-pay-deal-with-bt.html

Share this post


Link to post
Share on other sites

Iceland:

Iceland Foods staff receive 5% pay rise

Food chain Iceland Foods says its staff will receive a basic pay rise of 5% this year in what the company calls an inflation-beating increase.

The Flintshire-based retailer claimed the total annual cost of the extra wages will be £14.6m.

The company, which employs 22,000, is also changing the pay structure, including the removal of a lower rate for staff aged under 18.

The company says shop staff have seen pay rise by 33.7% since 2005.

It also says delivery staff have seen an increase of almost 50%.

Chief executive Malcolm Walker, one of the company's original founders in 1970, said: "Since my colleagues and I returned to Iceland in 2005 we have made great strides in improving staff morale and working conditions, and significantly increasing pay rates.

"In total over these six years we have raised the hourly pay rate for store staff by 33.7% and for home delivery drivers by 49.8%.

"As a result, our front line staff have moved from minimum wage rates to being among the very best paid on the high street."

Iceland, based at Deeside, was ranked the sixth best big company to work for in the UK in the annual Sunday Times Best Companies survey 2011.

http://www.bbc.co.uk/news/uk-wales-north-east-wales-14800264

Share this post


Link to post
Share on other sites

Why are you all annoyed the wage of a train drivers, shows you how companies havent kept up with inflation on wages, the RMT have been fighting for whats right the average London wage should be around that much.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 337 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.