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Indexed Pay Rises


Paul Kennedy
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Given pay claims are traditionally linked to "inflation", if as expected inflation during 2009 will fall to zero, or we might even experience deflation, will there be no demands to increase pay.....particularly from those employed in the "public" sector. Or will in fact claims come in based on the arguement that in previous years pay increases did not keep up with inflation, so any claims would merely be a catch up.

 

Interestingly during the current recession, those with secure employment/pensions will actually do quite well even more so if they have a manageable tracker / variable mortgage.....and then negotiate a pay rise.

 

I understand many employees in the "private" sector are being told, take a pay cut or lose your job.

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