Then and now.

[Numero Crunchero]

Just been reminiscing about life before CX.

In Australia in 1992:
Petrol was about 49c/Litre
Average wage was about $30,000
Median house price was $148,000.

In Australia in 2007:
Petrol is around $1.30/Litre
Average wage is about $55,000
Median house price is about $400,000+

In UK in 1992:
Petrol was about 46p/Litre
Average wage was about GBP24,000
Median house price was GBP70,000.

In UK in 2007:
Petrol was about 96p/Litre(2006 figure)
Average wage was about GBP54,000
Median house price was GBP220,000.

Seems like things have doubled to tripled over the last 15 years.

How about CX salaries.

HK 1992:
CX SFO 1 $73K (monthly)
CX CN 1 $106.6 (monthly)

CX UK/AUS 1994(first year of basings)(annual earnings)
CX UK SFO 1 GBP 88,000
CX UK CN 1 GBP127,000
CX AUS SFO 1 $184K
CX AUS CN 1 $268K

CX 2007(all inc HDP)
HKG SFO1 $73K (monthly)
HKG CN 1 $103K

UK SFO 1(B) GBP 66K (annual)
UK CN 1(B) GBP98K

AUS SFO 1(B) $137K (annual)
AUS CN 1(B) $205K

So after 15 years, B scales in HKG have caught up with A scales in 1992. By the way, we received payrises in 1993,94,95 on HKG A scales.

After 13 years, the UK based salaries are only 23-33% less than the 1994 based salaries for A scales. But this is better than in Australia where the current salaries are 30-40% behind the 1994 salaries.

So if the payrises are of the order of 30-40% then the B scale will finally have caught up with the based salary scales of 1994. Hong Kong only needs to get 15-18% payrises to catch up with A scale in 1994.

Given the gap, I think the only realistic way to get the scales to merge is further A scale cuts. At the moment, current A scale rates after the cuts are set at about 1994 levels.

clear as mud?

[Mr. Bloggs]

NC, stop teasing me!:}

[donpizmeov]

NC,

I am getting all depressed now. Next thing you are going to tell me is that the Leyland P68 that I bought is not a good investment!!!

Time we had beers fella. Been a long time.

Don

[Numero Crunchero]

Don,
As-salaam alaykum
ring me next time you leave the sandpit and venture into the un fragrant harbour;-)

Ma'assalama

PS - you must help me translate Team America %-)

[donpizmeov]

daka daka

Don

[Sqwak7700]

Come on guys, it isn't that hard. Its Dirka-Dirka, Jihad-Jihad.

I think we will experience first hand in these negotiations that sometimes dicks f@uck ass-holes. :sad:

"Remember, there's no I in Team America.....long pause...uh, yes there is." :}