Wage inflation

[Timm]

Quote

Almost 900,000 public sector workers will be given an above-inflation pay rise on Tuesday, the Chancellor has announced. Teachers and doctors will be seeing the largest increase at 3.1% and 2.8% respectively, according to the Treasury. Police, prison officers and National Crime Agency staff will be given a 2.5% rise in pay and members of the armed forces will receive a 2% uplift. Members of the judiciary and senior civil servants will also see their pay topped up by 2%.

More at the Guardian

After all, you can't get a debt cancelling inflation spiral without wage inflation...

Edited July 21, 2020 by Timm

[DarkHorseWaits-NoMore]

 

[longgone]

31 minutes ago, Timm said:

More at the Guardian

After all, you can't get a debt cancelling inflation spiral without wage inflation...

3% after its been held down for years is not even a rise. 

[longgone]

https://evolvepolitics.com/breaking-tories-vote-down-amendment-to-protect-nhs-from-foreign-control-in-brexit-trade-deals/

[rollover]

Is this a neo labour government or what?

[dougless]

11 minutes ago, longgone said:

3% after its been held down for years is not even a rise. 

Give them a break, it's a start.

You watch as they start pumping up wages despite record unemployment on the horizon.  You can’t have decent inflation without wage rises.

Edited July 21, 2020 by dougless

[longgone]

Just now, dougless said:

Give them a break, it's a start.  You watch as they start pumping up wages despite record unemployment on the horizon.

You can’t have decent inflation without wage rises.

 

i have no interest in inflation. private sector inflation is the import figure i doubt we will get much of that, they can use the nhs to try and boost inflation with some token pay rises so a nurse can get an extra coffee a week and look like they are compensating them for dealing with this covid too late to do anything wise blunder. 

[Drifty]

On the other hand could this be a clever tactic to stop social unrest by offering people an above inflation pay rise to say "look we are helping and we gave you a bigger than inflation pay rise so shut the hell up and be grateful". They might have worked out they can get away with a 3% increase rather than giving 4, 5 or 10%?

[zugzwang]

4 minutes ago, rollover said:

Is this a neo labour government or what?

In all but name. Neocon, if you prefer.

Full-spectrum globalists.

[rollover]

17 minutes ago, zugzwang said:

In all but name. Neocon, if you prefer.

Full-spectrum globalists.

It's beginning to feel a lot like 2008, when Gordon Brown said the government has "saved the world".

[Greater Fool]

You couldn't make this stuff up, record government borrowing money printing, private companies making mass redundancies, the economy tanking, town centers and B&M shops in terminal decline, tax receipts plummeting and these clowns announce a pay rise for the public sector, our chancellor has clearly been possessed by Gordon Brown's ghost. How exactly is all this supposed to be paid for? We are witnessing a huge shift towards socialism and the destruction of the private sector and an complete trashing of the £. The only things left will be the public sector paid for by printed money and private sector Uber, and McJobs, meanwhile China will produce and own everything.

[Greater Fool]

1 hour ago, longgone said:

3% after its been held down for years is not even a rise. 

Outside of the public sector pay doesn't automatically rise with inflation like a Universal Law.

[rantnrave]

Looks like a move to shatter any accusations that they're going down the austerity route again

Edited July 21, 2020 by rantnrave

[PaulTW]

1 minute ago, Tiger131 said:

meanwhile China will produce and own everything

This has gone unchallenged for years, Huawei was the tip of the iceberg. Where is the concern surrounding Chinese stakes in utility companies and nuclear new builds to name but a couple? Utterly baffling for ministers and the public to be offended by one and not the numerous others.

 

3 minutes ago, Tiger131 said:

How exactly is all this supposed to be paid for?

Funny money

[LetsBuild]

Doesn’t this just create a two speed economy though, those with public sector jobs with pay rises and everyone else lucky just to have a job?

I don’t know the details behind why it was the highest figure, but teachers are fast going to find themselves in the same bracket as EA, bankers, politicians and lawyers for most despised profession at this rate.

[PaulTW]

5 minutes ago, LetsBuild said:

I don’t know the details behind why it was the highest figure, but teachers are fast going to find themselves in the same bracket as EA, bankers, politicians and lawyers for most despised profession at this rate.

Who'd be a teacher these days? Hounded by the media, government and parents. Expected to be guardian, social worker and therapist alongside a teacher. If you're a graduate of a STEM subject, where's the incentive to work as a teacher and not ride off into the private sector with monetary rewards a lot higher with less hassle from many areas of government and society.

[LetsBuild]

2 minutes ago, PaulTW said:

Who'd be a teacher these days? Hounded by the media, government and parents. Expected to be guardian, social worker and therapist alongside a teacher. If you're a graduate of a STEM subject, where's the incentive to work as a teacher and not ride off into the private sector with monetary rewards a lot higher with less hassle from many areas of government and society.

Well I wouldn’t, unless I could dish out some proper riot control techniques!

But on the surface to someone who can’t be bothered to learn the detail (I.e. most people) teachers have been seen to be just sat twiddling thumbs since March and will continue to do so till September and get the top rank 3.1% pay rise. Meanwhile nurses who will be seen as the hero’s of the hour are getting substantially less.
 

Devil is in the detail and the image might be completely false, but that will be how average (unemployed) Joe will see it.

[richmondtw]

1 hour ago, longgone said:

3% after its been held down for years is not even a rise. 

Yes every single thing the Tories do is terrible every single thing that loony corbyn wanted was magnificent

27 minutes ago, Tiger131 said:

Outside of the public sector pay doesn't automatically rise with inflation like a Universal Law.

Agreed

I have had jobs in the past when I worked for other people - of I thought I could earn more elsewhere I left and got a new job

No one is the public sector has to stay - they have the choice to move on if they want to earn more money

[PaulTW]

6 minutes ago, LetsBuild said:

Well I wouldn’t, unless I could dish out some proper riot control techniques!

This!

7 minutes ago, LetsBuild said:

Meanwhile nurses who will be seen as the hero’s of the hour are getting substantially less

You're correct in terms of image, the unions somewhat politicising teachers and children not returning wouldn't have helped either. Again, seems to be a complete divide across government and society about if it's safe to return to education. Undoubtedly it will rub a lot of people up the wrong way.

[richmondtw]

1 hour ago, PaulTW said:

You're correct in terms of image, the unions somewhat politicising teachers and children not returning wouldn't have helped either. Again, seems to be a complete divide across government and society about if it's safe to return to education. Undoubtedly it will rub a lot of people up the wrong way.

Sadly teaching used to be a profession that attracted intelligent people who had a vocation to help kids.

Now it just attracts those who could and would not last 5 minutes in a commercial world and want to work in a totally woke environments.  The vast majority of teachers are women who take it up as they get holidays to look after their kids.  

[Trump Invective]

2 hours ago, LetsBuild said:

I don’t know the details behind why it was the highest figure, but teachers are fast going to find themselves in the same bracket as EA, bankers, politicians and lawyers for most despised profession at this rate.

That's their aim

[nothernsoul]

Actual facts on teacher pay, from somebody who worked as one until recently. Pay rose under new Labour to probably highest level in real terms it had ever been, taking a poorly paid profession into a reasonable one. From 2010 up until last year there were no real pay rises, maybe one percent some years, I certainly noticed little change in my pay packet.

Last year there was a notable increase, I cant be bothered checking, guessing it was between 3 and 5 percent. Motivation tories realising few public sector workers voting for them now. 

This pay rise is probably to stoke inflation. Reason I am saying that, there was a notable pay rise last year so no expectation this year, nobody including the unions have asked for one or expected one especially if unemployment increases, government would be within its rights to say ither spending priorities. 

Very telling government has done this. They want money into the economy. And yes, there will be a discrepancy between certain public sector professionals earning more paid more and some in private sector less. 

Please note loads of public sector workers paid very poorly. Classroom assistants for example taking home average of 1200 a month for a full time week, a harder job than it was 20 years ago involving teaching groups. 

[Trump Invective]

4 minutes ago, nothernsoul said:

Actual facts on teacher pay, from somebody who worked as one until recently. Pay rose under new Labour to probably highest level in real terms it had ever been, taking a poorly paid profession into a reasonable one. From 2010 up until last year there were no real pay rises, maybe one percent some years, I certainly noticed little change in my pay packet.

Last year there was a notable increase, I cant be bothered checking, guessing it was between 3 and 5 percent. Motivation tories realising few public sector workers voting for them now. 

This pay rise is probably to stoke inflation. Reason I am saying that, there was a notable pay rise last year so no expectation this year, nobody including the unions have asked for one or expected one especially if unemployment increases, government would be within its rights to say ither spending priorities. 

Very telling government has done this. They want money into the economy. And yes, there will be a discrepancy between certain public sector professionals earning more paid more and some in private sector less. 

Please note loads of public sector workers paid very poorly. Classroom assistants for example taking home average of 1200 a month for a full time week, a harder job than it was 20 years ago involving teaching groups. 

Cant argue with that. Private sector workers need to hold their paymasters to account.

We all know who the only people are who can get us out of the hole - the rich. Teachers do not fall into that group.

[nothernsoul]

I handed my notice in just after Christmas after 20 years(to be honest wouldnt have if I had known all this would have happened)Top of classroom teacher scale, I know I wont earn that again(salary above national average but nowhere near being higher rate taxpayer) , but if I stayed I would be dead in a few years. Lot more demanding and stressful than 20 years ago. 

 

 

[Roman Roady]

Excellent news.

This just reinforces the fact that TPTB don't know what to do in the face of this crisis.

Ofcourse, just give "them" more money and get "them" all spending again...like they used to in the good 'ol days.

3% to the public sector isnt going to fix this...quite a few of the public sector workers who are celebrating today will not have a job come the spring.