10.5% over 3 years … 6% inflation .. not even close to good enough
this post was submitted on 24 Aug 2023
89 points (100.0% liked)
AusFinance
993 readers
1 users here now
founded 1 year ago
MODERATORS
Given the public statements, it will be difficult for them to offer more and still have any authority. However, a strike or similar would also be a poor look for the rba after multiple interest raises. They would seem more out of touch.
Theyre offering a 10% increase over a period of time when inflation is reasonably expected to be roughly 15%-ish?
That does effectively constitute a pay cut... if you raise my pay by less than inflation, I'm checking job listings. Jumping jobs means a pay raise currently... only reason I don't job hop is because I'm old school, and that ain't enough for me to let inflation reduce my pay.