Pay rises should be a ‘reward for productivity’, says Rishi Sunak
Pay rises should be a ‘reward for productivity’, says Rishi Sunak
Prime minister also calls for wage growth to be sustainable to help economy grow
Then why has no one been “rewarded” for huge amounts of productivity increases since the 70s?
Oh. Right. They “rewarded” the CEO greedclass
And Ruling Class! They got Bank too.
I guess he's supporting giving himself a big paycut then
I think he owes us.
Ok. How far back should we go? I'm feeling the 1970s and go from there. Oh lokkie here it shows that the poor and middle class have doubled their productivity. Oh wait wages have been effectively slashed? Hmm.
So NHS workers after COVID should be on a fair whack then
I agree that productivity should be rewarded, but that's not what happens. If you work hard, the company will realise that they can get the same work done with fewer employees and will reduce work hours to increase profits instead of rewarding you.
Should a real terms pay cut be accompanied by a compensatory drop in productivity? I think it’s called quiet quitting or something…
Quiet Quitting is doing only what was paid for and no more. Thus crap pay results in crap output.
It's called working to rule and people have always done it as a protest in workplaces, we didn't need some stupid new tick tock friendly name for it.
Pay raises for productivity is fine, but you also need raises for cost of living increases.
More importantly, as a centralized bank economy, it’s the government’s fault inflation exists and it is their responsibility, as and employer and monitor of inflation, to make their employees while every year. If productivity increases, that should be paid on top of pay maintenance.
Is this the basis for MPs pay rises then?
If Rishi Sunak told me the sky was blue, I'd look up to make sure. Scumbag.
We got that system in the US. I just got my review. Boss says I did great, mentions a couple areas I excelled in. Shows me the review. Everything rated straight down the middle. Turns out when it comes to paying me more, I'm just a medium/ok worker.
Well, if it's any consolation, I imagine that there are lots of companies out there who would be more than willing to pay you what you're worth.
Pay rises are supposed compensate for the inflation caused by your incompetent government, mate.
but something tells me that's not what he means
Interesting chart. I think it comes from this article on why here
In his case, being so incredibly shit and inept, he should be paying billions back then. This duplicitous twat should just fuck off.
This is the best summary I could come up with:
Sunak’s comments come after Bank of England governor Andrew Bailey expressed concerns that pay increases were fuelling inflation.
The Bank of England is now under renewed pressure to raise interest rates next month after wages jumped more than expected in June, boosted by a one-off payment to NHS workers.
However, amid recent inflation and rising interest rates, trade unions have taken issue with the apparent blame attached by Bailey and others to wage demands by low and middle earners.
The Trades Union Congress (TUC) general secretary, Paul Nowak, said on Tuesday: “Real wages are still worth less today than in 2008 after the longest pay squeeze in 200 years.
An analysis in June by the TUC also found that pay rises for the top 10% of UK earners, including City bosses, had clearly outstripped the rest of the workforce and had been a prime driver of recent inflation and interest rates.
Sunak trumpeted the public sector pay offers that the government had extended to NHS workers, teachers and others and called for an an end to industrial action by doctors.
I'm a bot and I'm open source!
This article is so slimy. Sustainable here really means in relation to the fiduciary responsibility to the board. To use another C-suite term, the sustainable pay rise is often immaterial.
Fuck Billionaires lol
Let this apply to CEOs and top management too, then.
And politicians.
I'm far from an expert on this but I thought that an increase in productivity was the end result of multiple things coming together. Investment, training, a strong economy etc etc??
Rich coming from him eh
Do we start measuring productivity today or since the 1950s because one person on a PC or crane at a harbour replaced a crap load of staff in an office or dockyard - that seems Helland productive.
I agree that hard work, dedication, talent, integrity and passion should be rewarded. After all, that's how you got your wealth and current job, innit Rishi? Right? Right, Rishi? Scumbag.
