Or record inflation cuts peoples pay even after pay rises.
Peoples pay really should keep pace with inflation.
Ordinary people taking a pay cut despite a massive wave of strikes is deeply depressing. Even when you fight back, you’re only fighting for conditions to get less worse – not actually better.
Thanks for rubbing salt in the wound of my mere 2% rise BBC.
Wrong headline. Should say pay falls in real terms
What a strange article for the BBC to publish. There’s clearly no agenda there.
And only private pay. It’s more than doubled compared to public sector pay. The headline is so disingenuous.
Definitely in the “5 years of experience” range pay has been leaping up. I got a promotion just before this and felt good but I don’t feel like I’m much clear of the graduates a year and a bit later! Most of the benefit has been eaten up by more expensive… EVERYTHING though.
“Record pace. But our records only go back 20 years. And we’re ignoring 2021 for sensible reasons. Also, it came in at a higher level of 7.0% in May of 2022 but were ignoring that for slightly more opaque records. But honestly, it’s about four percent lower than CPI and over seven percent less than RPI so this is a story about further pay cuts so I don’t know why we’re talking about record pay rises in the first damned place.”
Let me correct that title for you BBC. Real wages fall by a record 2.6% due to spiralling inflation despite workers pay raises.
Oh look pays fine guy don’t worry about it.
Guess it must just be the teachers and nurses being greedy right?
Shut the fuck up.
Everyone that I know who has moved jobs has seen their pay go up astronimcally post pandemic. I’m talking anywhere from 50-100%. If you look at median pay for the average worker between 2020 and 2022 pay is above inflation, looking it as a small snapshot for one year is cherry picking.
My bosses actually seem scared of losing employees now. After years of 0%, or just matching inflation, they’ve given 3 pay rises to everyone in the past 8 or so months, totalling more than inflation, and gave us a bonus for the first time in the history of the company.
It’s clear to me that the labour shortage has employers desperate, and employers being desperate is exactly what workers should strive for at all times.
I can’t believe economists genuinely tried to tell us that it was in our best interest for businesses to have a near infinite supply of cheap labour.
I never thought it made much sense, and it clearly doesn’t.
One of the simplest concepts in economics, and the most easily replicable and proven, is supply and demand.
The idea this doesn’t apply to workers for… Reasons… Was always extremely tenuous.
The economists are not on our side. They answer to their masters, big business.
Any small business owners on here who would like to comment on paying staff more than the business can really afford? I think this is a genuine question to ask before I get slagged off for asking it.
Speaking as someone who works with various collective bargaining units for different trade unions – it’s intentional.
They know it’s below inflation, they know it’s been maintaining this trend for years, their plan is to keep it low and keep you poor.
That’s it. That is literally it. There is more than enough money in this country to pay every public sector worker substantially more than they are asking and it would still not dent the national budget in any way.
But they want to keep you poor. And they’re very good at doing it.
Hi everyone, if pay keeping up with cost of living is bad for the system, then the system isn’t fit for purpose.
It’s not enough, Uk is so underpaid next to other rich western nations. Look at wages in America and Germany next to ours, it’s a joke.
With the pay rise, The English will still complain. A grumpy Nation, that loves to their Tea, smoke, pubs, swear., back biting, and the older still believe in Colonisation.
Guess it’s all part of their fun, as they helpful
Its not a raise if inflation is huge. Just because the % is higher than years past, inflation was very low.
Stupid title.
> Average pay, including and excluding bonuses, rose by 6.4%
Wait, how can this figure include _and_ exclude bonuses? They’re mutually exclusive.
“Real pay continues to fall” would have been a more honest headline
20 comments
Or record inflation cuts peoples pay even after pay rises.
Peoples pay really should keep pace with inflation.
Ordinary people taking a pay cut despite a massive wave of strikes is deeply depressing. Even when you fight back, you’re only fighting for conditions to get less worse – not actually better.
Thanks for rubbing salt in the wound of my mere 2% rise BBC.
Wrong headline. Should say pay falls in real terms
What a strange article for the BBC to publish. There’s clearly no agenda there.
And only private pay. It’s more than doubled compared to public sector pay. The headline is so disingenuous.
Definitely in the “5 years of experience” range pay has been leaping up. I got a promotion just before this and felt good but I don’t feel like I’m much clear of the graduates a year and a bit later! Most of the benefit has been eaten up by more expensive… EVERYTHING though.
“Record pace. But our records only go back 20 years. And we’re ignoring 2021 for sensible reasons. Also, it came in at a higher level of 7.0% in May of 2022 but were ignoring that for slightly more opaque records. But honestly, it’s about four percent lower than CPI and over seven percent less than RPI so this is a story about further pay cuts so I don’t know why we’re talking about record pay rises in the first damned place.”
Let me correct that title for you BBC. Real wages fall by a record 2.6% due to spiralling inflation despite workers pay raises.
Oh look pays fine guy don’t worry about it.
Guess it must just be the teachers and nurses being greedy right?
Shut the fuck up.
Everyone that I know who has moved jobs has seen their pay go up astronimcally post pandemic. I’m talking anywhere from 50-100%. If you look at median pay for the average worker between 2020 and 2022 pay is above inflation, looking it as a small snapshot for one year is cherry picking.
My bosses actually seem scared of losing employees now. After years of 0%, or just matching inflation, they’ve given 3 pay rises to everyone in the past 8 or so months, totalling more than inflation, and gave us a bonus for the first time in the history of the company.
It’s clear to me that the labour shortage has employers desperate, and employers being desperate is exactly what workers should strive for at all times.
I can’t believe economists genuinely tried to tell us that it was in our best interest for businesses to have a near infinite supply of cheap labour.
I never thought it made much sense, and it clearly doesn’t.
One of the simplest concepts in economics, and the most easily replicable and proven, is supply and demand.
The idea this doesn’t apply to workers for… Reasons… Was always extremely tenuous.
The economists are not on our side. They answer to their masters, big business.
Any small business owners on here who would like to comment on paying staff more than the business can really afford? I think this is a genuine question to ask before I get slagged off for asking it.
Speaking as someone who works with various collective bargaining units for different trade unions – it’s intentional.
They know it’s below inflation, they know it’s been maintaining this trend for years, their plan is to keep it low and keep you poor.
That’s it. That is literally it. There is more than enough money in this country to pay every public sector worker substantially more than they are asking and it would still not dent the national budget in any way.
But they want to keep you poor. And they’re very good at doing it.
Hi everyone, if pay keeping up with cost of living is bad for the system, then the system isn’t fit for purpose.
It’s not enough, Uk is so underpaid next to other rich western nations. Look at wages in America and Germany next to ours, it’s a joke.
With the pay rise, The English will still complain. A grumpy Nation, that loves to their Tea, smoke, pubs, swear., back biting, and the older still believe in Colonisation.
Guess it’s all part of their fun, as they helpful
Its not a raise if inflation is huge. Just because the % is higher than years past, inflation was very low.
Stupid title.
> Average pay, including and excluding bonuses, rose by 6.4%
Wait, how can this figure include _and_ exclude bonuses? They’re mutually exclusive.
“Real pay continues to fall” would have been a more honest headline