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AIBU?

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Not had a 17% pay rise over the past 2 years? Then you've had a pay cut

2 replies

Orangeradiorabbit · 23/03/2023 13:06

It looks like inflation was 6.2% between Feb 21-Feb 22, and then 10.4% Feb 22-Feb 23. Rounding up, does this mean if you haven't had a 17% pay rise compared to what you were paid in Feb 21, then you're effectively facing a pay cut? You'll have less purchasing power in real terms?

So, a 17% pay rise should be seen as doing the bare minimum?

https://www.statista.com/statistics/306648/inflation-rate-consumer-price-index-cpi-united-kingdom-uk/

YABU - inflation doesn't work like that/ you have misunderstood the stats/ businesses have to survive and you can't expect inflation beating pay rises for just doing your job/ have you heard of the wage-inflation spiral/ employees of private companies maybe should be paid more, but definitely not civil sevants and public sector workers because capitalism and taxes

YANBU - people should be paid at least 17% more, compared to Feb 21, to keep up with price rises

UK inflation rate 2023 | Statista

The UK inflation rate was 10.4 percent in February 2023, compared with 10.1 percent in the previous month.

https://www.statista.com/statistics/306648/inflation-rate-consumer-price-index-cpi-united-kingdom-uk

OP posts:
Orangeradiorabbit · 23/03/2023 13:07
  • voted IABU for my typos! Should have said civil servants
OP posts:
KnittedCardi · 23/03/2023 13:11

Depends. Lots of people had pay rises and/or bonuses over the previous several years when inflation was only 1 or 2%, so were ahead of the game. Some didn't, so are behind. Swings and roundabouts.

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