Originally Posted by
badge42
I'd like to add another question. If any of the historians can remember if we EVER had a pay rise in line with inflation? Ever?!
It depends on which version of 'inflation' you believe.
If you accept the manipulated, revised and altered version pumped out by government statistics, then possibly you have.
If however, one uses the real rate of inflation, then it is highly improbable that your salary increments ever even got close.
By design the corporates love the 'official' rate, it keeps wage pressure down. Precisely why real wages have fallen for most a decade.