This deal is a pay cut

[Foxel]

So when inflation comes down, your wage goes down in turn?

But that is not how inflation works.

When inflation comes down the cost of living still RISES but by a lesser amount (unless inflation is negative which it rarely is).

e.g
If inflation is 10% in year 1 and 5% in year 2 the cost of living has still risen a further 5% in year 2 (it has not dropped by 5%).

Beat me to it.

[CRIBMAD]

same managers spouting the same s**t OMG get a fookin life !

[LouBarlow]

So when inflation comes down, your wage goes down in turn?

Erm, no. When inflation goes down you can accept smaller pay rises.

Say you accepted 10% and inflation was 10%. If in the following year inflation falls to 3% you still need an additional 3% over and above the 10% you had last year in order to keep pace.

You're confusing a decrease in inflation with an actual fall in prices.

I know what inflation is but the point being made was implying that wages have to increase in line with inflation for them to be a rise. That isn’t true at all.

Either way I’ll be voting for the deal that offers me more money by way of a pay cut.

[Acca Dacca]

So when inflation comes down, your wage goes down in turn?

Erm, no. When inflation goes down you can accept smaller pay rises.

Say you accepted 10% and inflation was 10%. If in the following year inflation falls to 3% you still need an additional 3% over and above the 10% you had last year in order to keep pace.

You're confusing a decrease in inflation with an actual fall in prices.

I know what inflation is but the point being made was implying that wages have to increase in line with inflation for them to be a rise. That isn’t true at all.

Either way I’ll be voting for the deal that offers me more money by way of a pay cut.

Stop acting like you dont know that £1 in 2023 gets you less than £1 got you in 2021

Our wages will still get us less now than we could have got before for a lower cost so yes, unless our payrise matches inflation we are getting less for the wages we get in return for our labour than we could get before

A true payrise is getting more with the wages we get for our labour than we could have got before

Not just the number of £ we get - what matters is what we can get for that £

Hypothetically speaking, if for instance our weekly wage could buy 1000 apples two years ago, it can now only buy 800

Giving us an increase in wages so that we can now buy 900 still means we are still only able to buy 100 less than we could have before

Getting a TRUE above inflation payrise would mean we could now buy 1100 apples for our wages - we arent getting that.

[heraldmoth]

Put it another way, would you rather continue doing your job with your current pay, or the pay rate being offered?

If it is the former, you can send your pay increase to me if you don’t want it.

No sweetie, it would have been a pay cut if they had said we want to take your wages from £13.39 p/h down to £10.09 p/h over 3 years instead of up to the £14 something on offer.

Do you know how inflation works?

Inflation has nothing to do with it. They are offering more money. That isn’t a pay cut.

Why do you think other unions reject paltry wage rises? Because if you factor in inflation they are wage cuts in essence.

So when inflation comes down, your wage goes down in turn?

You’re not continuing doing your job, those goalposts are being moved and for the privilege we get an extra 100 quid a month which if you happen to now need childcare after work it won’t even touch the sides

[Splappy_McSplap]

I know what inflation is but the point being made was implying that wages have to increase in line with inflation for them to be a rise. That isn’t true at all.

You're right. Wages have to increase by MORE than the rate of inflation for them to be a real terms pay rise.

If they rise in line then in real terms you are being paid the same.

[mags999]

Pay cut is irrelevant t and cs are the main stumbling block

[mags999]

And deliveries are taking the hit

[Acca Dacca]

Its not irrelevant because the 'payrise' is being used to justify the concessions being made

Its just another facet of a God awful deal

[Wolf91]

So when inflation comes down, your wage goes down in turn?

Erm, no. When inflation goes down you can accept smaller pay rises.

Say you accepted 10% and inflation was 10%. If in the following year inflation falls to 3% you still need an additional 3% over and above the 10% you had last year in order to keep pace.

You're confusing a decrease in inflation with an actual fall in prices.

I know what inflation is but the point being made was implying that wages have to increase in line with inflation for them to be a rise. That isn’t true at all.

Either way I’ll be voting for the deal that offers me more money by way of a pay cut.

No, you really don’t.

As your initial comments completely contradicted itself.

Thus you not knowing what inflation means.

[postslippete]

I'm staggered that a few people really don't understand what real wages are!!

[LouBarlow]

So when inflation comes down, your wage goes down in turn?

Erm, no. When inflation goes down you can accept smaller pay rises.

Say you accepted 10% and inflation was 10%. If in the following year inflation falls to 3% you still need an additional 3% over and above the 10% you had last year in order to keep pace.

You're confusing a decrease in inflation with an actual fall in prices.

I know what inflation is but the point being made was implying that wages have to increase in line with inflation for them to be a rise. That isn’t true at all.

Either way I’ll be voting for the deal that offers me more money by way of a pay cut.

No, you really don’t.

As your initial comments completely contradicted itself.

Thus you not knowing what inflation means.

Is this deal going to lead to a pay cut? No. You are getting a raise.

Inflation plays no part in whether this is an increase in pay or not. If you receive more money from your employer you cannot claim it is a pay cut.

My original point stands. If inflation decreased and bills likewise, you wouldn’t suddenly hand money back after your inflation busting raise.

[rambo1]

Let's discuss wage price spiral and how it effects inflation.

[milly]

Let's discuss wage price spiral and how it effects inflation.

Workers asking for pay increases are a symptom of inflation not the cause of inflation.

[derricksmyth]

So when inflation comes down, your wage goes down in turn?

But that is not how inflation works.

When inflation comes down the cost of living still RISES but by a lesser amount (unless inflation is negative which it rarely is).

e.g
If inflation is 10% in year 1 and 5% in year 2 the cost of living has still risen a further 5% in year 2 (it has not dropped by 5%).

Spot on , I cannot remember the last time the yearly inflation rate was even minus 0.1 %?