Originally Posted by
Ladloy
that's correct
Thanks for that.
Just back of the napkin, CPI alone from 1 July 2018 to 1 July 2022 will be over 10 percent. Puts the 5.1 percent on offer in perspective.
The salary forgone number will be substantial - if you were to just apply CPI as the pay escalator that has been foregone because of the stalled EBA, the
de facto pay freeze will have generated the equivalent of around 19 percent of your 2018 salary in aggregate foregone wages. The absence of any sort of back pay in the Rex offer needs to be lined up against that.
Notably, for comparison, between June 2018 and June 2021 Sharpie's base pay rose by over 29 percent.
Who was meant to be spitting in whom's eye?