Any of you worked it out yet?
Piss of all the expensive senior staff and they leave to be replaced with cheaper junior staff...who do the same job. A major UK airline, Brittania, offered it's most senior long serving captains in the vicinity of GBP100k years ago to resign so they could be replaced with junior captains on 2/3rds their wage...a ploy that paid handsome dividends in just a few short years.
LJH's 'Work Choices' is all about lowering the bar as skills shortages loom large on the horizon as does upwards pressure on wages.
If the upswing starts at a lower point the final outcomes will be lower too...which is good for shareholders and executive bonuses. Of course removing the average person's ability to negotiate employment terms and conditions meaningfully is just icing on the cake.
When the govt pubishes CPI increases in the sub 4% range they are just lieing through heir teeth...20+% is more like it.
It has been thus for many a year...and that is why the average worker's pay packet goes no-where near is far as it did 30 years ago.
Smoke and mirrors and grotesque deception.
