Figures of speech don't pay bills. If inflation is 3% then the pay increase needs to be 3% just for parity.
If you are progressively worse off then quibbling over the term isn't the big issue.
What have MPs had over the same time? Put them on the same rate and see if anything changes.
You are absolutely right
Young people are getting dumb and dumber as IQ scores drop | Metro News
Sorry, remind us again which age group voted for what? data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7
It's not quite as simple as that though is it.
Say, someone got a 1% pay rise and inflation was 2% (or 2-3 etc).
Assuming all other things are equal (mortgage etc) if someone (who only got 1%) who shops at Sainsburys, switched to Aldi for year, they'd be covered.No probs.Same free cash as last year etc etc.
Also, the tax allowance changes for many, have made up a bit for poor % increases (those at the bottom especially).
It's not just a PS thing either with crappy wage rises.I've had rises of 0-3% over the last several years.No big deal.Lifestyle choices affect things far more in reality.
Pay for the whole country has probably lagged for a good chunk of time (save for those at the top).
There always seems to be reasons for it though (productivity etc).
Governments propping up wages too is a disaster. Good luck with them winding back (already tried and failed) that one.
They live in a different Universe so special rules for themdata:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7
Whilst that’s probably a true situation, they’re just civil servants so should be treated the same as any other public sector worker.
So saying there are cheaper places to shop means that people shouldn’t complain about unfair pay rates? What if those people are already shopping at Aldi, should they use foodbanks instead?
I'm sorry but just to point out that is not the correct way to deal with comparisons of inflation and wage inflation.You have added up those CPI numbers (which I haven't checked) to get 13.5%, but CPI figures are normally quoted as a rise on the previous year and not relative to a specific year.
On the basis of those figures the increase of inflation from 2010 (as the first figure is a chance from 2010 to 2011) to 2017 was14.2%.You can do that on a calculator/spreadsheet if you like... it's 100 * 1.042 1.027 etc gives you 114.2.
It might seem petty but it just has the effect of showing Teachers salaries have gone down even further in real terms when compared to the CPI.Of course you could also use the RPI or whatever other method to try and measure inflation but I believe the government uses CPI for it's inflation targets so as far as I'm concerned your on the ball there.
RPI tends to be higher than CPI because of the housing associated costs... so rises in mortgage payments, rents, and council tax are in RPI but not CPI.Whether that is a fudge or not we can argue about.
//edit quick trip to ONS and I can't see the figures you've quoted.I get a 2010 to 2017 change of basically 15% with CPI and CPIH.
Did you just take the average pay rise over 7 years of 0.875% and take it off the total increase in CPI instead of the average?data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7 Otherwise a sound post data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7
What if you already shop at Aldi? Food bank? Whichever way you look at it it's a cut.
I'd rather not be switching from coca cola to rola cola.