If you want big money, you have to get a job in a big city. How’s its always been, how it always will be.
You’re never going to make mega money sat on your laptop in your bedroom, one eye on Netflix.
A 1% pay rise is a pay cut.
London, baby.
I got a 13% pay increase in April but it still doesn’t feel like enough. 1% is pitiful, companies should be ashamed
277,000 UK work visas were issued last year, 34% of them unskilled. Now low paid wage levels are struggling. Could there possibly be a connection?
People on decent wages love mass immigration because it means they don’t have to pay much to have some desperate impoverished individual scrub their toilet bowl for them.
I got a 3.5% payrise with my current place. They then offered me voluntary redundancy which I took and found a new job for a 20% payrise.
Don’t do what I did. Never be loyal. Its gets you nowhere.
Worth noting that huge numbers of financial services workers including many who do critical roles are on very mediocre salaries and once you are in that position it’s very hard to get out.
I think I need a new job. I work in the city and have so far seen 0%.
I got that 4% rise this year and told it was better than others were getting by my boss.
She got 11%
I got 2.75% for being loyal in the city. Then I got 20% for moving to another company. A lot of people must be moving jobs to get over 10%. I can’t see people getting a 10% increase staying within the same company unless they move up a grade.
The conflating of all financial service workers like this article does is lazy and annoying. Many who work for banks earn average or below average salaries like everyone else.
My pay since this time last year has increased by 7.2% – I appreciate this is significantly more than millions have had, but it’s not inflation busting. It’s just a less bad real term pay cut.
0% for me. It’s been that way since civil service pay freeze began during covid.
I got a 20% pay cut.
As always with high inflation, those with in demand high skilled jobs will be able to get above inflation pay rises as companies compete for talent; where as the rest of the population, particularly at the low end will see 0% wage growth until the minimum wage increases.
High end wages are controlled by supply and demand. Where as the natural equilibrium for low wages due to supply and demand sits below minimum wage, therefore low end wage increases are controlled directly by the legally mandated minimum wage.
I got a 15% rise by bodging my CV and changing jobs.
This is when I learned loyalty was a meme & the retention budget is much less than the recruitment budget.
I get 3% in October
City life is more expansive so they have to raise the wage otherwise no one would take the stupid jobs.
I can’t help but think that these articles are designed to create a divide between workers.
City workers would usually be higher tax payers, which means that “double digit” raise will be single digit in most cases. For instance a 15% raise, will probably result in 8% in net pay – effectively pay cut. But surely this will wind some people up.
That being said, it’s absolutely appalling that lowest paid workers get such pitiful raises if at all. Why Guardian don’t mention that the lowest paid workers often work for big corporations that don’t pay tax and additionally rely on the tax payer, to top up their wages with Universal Credit?
I think they should focus more on corporations exploiting the system than inserting the wedge between workers. They seemingly want to get workers to fight each other while getting away with billions of profits without paying much tax.
What “city” workers are these? Fucking hell. I genuinely don’t know anyone who got a double digit percentage pay rise.
It’s kind of standard to see 10-15% rises year-on-year in some industries like law because you bring in more money per hour with every additional year of experience. This year has been slightly above average, but I wouldn’t exactly call this “inflation busting”. Definitely nothing to celebrate.
If your looking and this and in a position to ie like 16 get yourself some sought after skills so you can command wages rather than take them
Invariably the lowest paid are the ones that earn the money for the company, if the go on strike the company loses out on income and good will.
They must have missed the request from the B of E not to take big pay rises
23 comments
And?
If you want big money, you have to get a job in a big city. How’s its always been, how it always will be.
You’re never going to make mega money sat on your laptop in your bedroom, one eye on Netflix.
A 1% pay rise is a pay cut.
London, baby.
I got a 13% pay increase in April but it still doesn’t feel like enough. 1% is pitiful, companies should be ashamed
277,000 UK work visas were issued last year, 34% of them unskilled. Now low paid wage levels are struggling. Could there possibly be a connection?
People on decent wages love mass immigration because it means they don’t have to pay much to have some desperate impoverished individual scrub their toilet bowl for them.
I got a 3.5% payrise with my current place. They then offered me voluntary redundancy which I took and found a new job for a 20% payrise.
Don’t do what I did. Never be loyal. Its gets you nowhere.
Worth noting that huge numbers of financial services workers including many who do critical roles are on very mediocre salaries and once you are in that position it’s very hard to get out.
I think I need a new job. I work in the city and have so far seen 0%.
I got that 4% rise this year and told it was better than others were getting by my boss.
She got 11%
I got 2.75% for being loyal in the city. Then I got 20% for moving to another company. A lot of people must be moving jobs to get over 10%. I can’t see people getting a 10% increase staying within the same company unless they move up a grade.
The conflating of all financial service workers like this article does is lazy and annoying. Many who work for banks earn average or below average salaries like everyone else.
My pay since this time last year has increased by 7.2% – I appreciate this is significantly more than millions have had, but it’s not inflation busting. It’s just a less bad real term pay cut.
0% for me. It’s been that way since civil service pay freeze began during covid.
I got a 20% pay cut.
As always with high inflation, those with in demand high skilled jobs will be able to get above inflation pay rises as companies compete for talent; where as the rest of the population, particularly at the low end will see 0% wage growth until the minimum wage increases.
High end wages are controlled by supply and demand. Where as the natural equilibrium for low wages due to supply and demand sits below minimum wage, therefore low end wage increases are controlled directly by the legally mandated minimum wage.
I got a 15% rise by bodging my CV and changing jobs.
This is when I learned loyalty was a meme & the retention budget is much less than the recruitment budget.
I get 3% in October
City life is more expansive so they have to raise the wage otherwise no one would take the stupid jobs.
I can’t help but think that these articles are designed to create a divide between workers.
City workers would usually be higher tax payers, which means that “double digit” raise will be single digit in most cases. For instance a 15% raise, will probably result in 8% in net pay – effectively pay cut. But surely this will wind some people up.
That being said, it’s absolutely appalling that lowest paid workers get such pitiful raises if at all. Why Guardian don’t mention that the lowest paid workers often work for big corporations that don’t pay tax and additionally rely on the tax payer, to top up their wages with Universal Credit?
I think they should focus more on corporations exploiting the system than inserting the wedge between workers. They seemingly want to get workers to fight each other while getting away with billions of profits without paying much tax.
What “city” workers are these? Fucking hell. I genuinely don’t know anyone who got a double digit percentage pay rise.
It’s kind of standard to see 10-15% rises year-on-year in some industries like law because you bring in more money per hour with every additional year of experience. This year has been slightly above average, but I wouldn’t exactly call this “inflation busting”. Definitely nothing to celebrate.
If your looking and this and in a position to ie like 16 get yourself some sought after skills so you can command wages rather than take them
Invariably the lowest paid are the ones that earn the money for the company, if the go on strike the company loses out on income and good will.
They must have missed the request from the B of E not to take big pay rises