Originally Posted by
Keith Myath
It can be, if you know how to do it. Basic English comprehension also helps. Let me fix your table for you.
2019 + 0% : $200 000.00___versus___CPI (1.6%) : $203 200.00
2020 + 0% : $200 000.00___versus___CPI (-0.3%): $202 590.40 (Swallow some Stand Downs with That)
2021 + 3% : $206 000.00___versus___CPI (3.8%) : $210 288.84 (Swallow some Stand Downs with That)
2022 + 3+6 % : $224 910.00___versus___CPI (6.1%) : $223 116.45
2023 + 3% : $231 656.12
2024 + 3% : $238 609.87
2025 + 3% : $245 766.10
Either you don't work for Jetstar and therefore don't have the details of the deal and are just trolling. Or I guess your English comprehension could be just that bad that you missed 6% and couldn't read the salary tables that have been promulgated.
Yes, BOOT not included and therefore I referred to the CPI + 0% as Mediocre - Written in
Bold
You don't improve your situation by tracking CPI, as CPI in itself is flawed to the downside. If you track CPI for a lifetime, you will be worse off than where you started. Hence my original comment about CPI + (X)% wherein (X) is the one (and only one) that rewards you for productivity improvements and 'give backs'.
CPI should be a given - It is known as Wage Growth, i.e a rise of wage adjusted for inflation - except if you like working for 'less' every year, then don't track CPI at your peril. But, if you do 2% More, is it fair to say that you expect 1% More (50/50 share between employee and employer), wherein that 1% is not part of CPI but over and above CPI - Raise your hand if you have
not been doing (X)% more...
The current proposal (including BOOT) satisfies Wage Growth, but considering all the big numbers being thrown around, does not realistically satisfy CPI + 1% for someone who believes that they are giving significantly more each year.
Let's see how your numbers shape up when we include BOOT and compare that to someone that believes he/she deserves CPI + 1%
Your Proposal versus CPI* + 1%**
(*) June Year-on-Year Figures
(**) 1% increase in Spending Power
2019 + 0% : $200 000.00___versus___CPI + 1% (2.6%) : $205 200.00
2020 + 0% : $200 000.00___versus___CPI + 1% (0.7%
) : $206 636.40 (Swallow some Stand Downs with That)
2021 + 3% : $206 000.00___versus___CPI + 1% (4.8%) : $216 554.95 (Swallow some Stand Downs with That)
2022 + 9% : $224 540.00___versus___CPI + 1% (7.1%) : $231 930.35
2023 + 3% : $231 276.20
2024 + 3% : $238 214.49
2025 + 3% : $245 360.92
To make your proposal work and end up at $245 360.92 in 2025, while still ensuring your spending power improves by 1% each year, you are wagering your bets that CPI will be 0.894155% (or less) in 2023, 2024 and 2025.
On Cue, Daniel Ziffer explained it here tonight: