| Comment | When inflation is higher than what your pay rise is, you are functionally getting a pay cut.
To demonstrate:
Let's say your weekly shop has been £100 for the past while. And let's kid on it's exactly the same stuff every time.
If inflation is 9%, then what cost you £100 to buy before now costs £109.
If you don't get any sort of pay rise, then your £100 now buys you 91% of what you could buy before. Thus, your buying power has decreased. The same amount of money gets you less stuff than it did before. In order to maintain your buying power, your increase in pay must at least match inflation, so your budget can similarly scale up, so you can continue to buy the same stuff as you did before. If your pay rise does not meet inflation, then you are effectively taking a pay cut, as you can now buy less than what you did before, which will have a knock on effect to your quality of life.
They were offered like 2%. Which is way below inflation, whatever measure you use to track it. So they're asking ScotRail drivers to continue to work outwith their contracts (by working near-enough required overtime and on their days off) for less pay. That's shite. |
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