»One % To rule them all«
|
|||
 Inflation For anyone who doesn't know or doesn't care, Inflation is an approximation of how much things got up in price each year. It's a fictitious thing invented to keep the wheels of industry turning with the idea that things are getting better. But they're not, it's all a con. Percentage Pay increases Joe Spud down the production line gets £100 per week in pay, Inflation in his country is at 3%. Come the end of the year, Joe gets an inflationary pay rise and his pay goes from £100 to £103 per week. The increase is not so great, but at least it's an increase. Well, no it's not, you see everything that Joe spends his money on has gone up as well and there are plenty of things that exceed inflationary rises. But this is not the worst of it. Jeff Skid, Joe's manager used to get £200 per week - he was higher in the company so get paid more. When the year came 'round, the Management received a 10% pay increase because "people higher in the company get a higher pay rise" And here is where the con comes in. If Jeff had got an inflationary raise (3%) , he would have got and extra £6 per week - compared to Joe's £3. Because his pay was higher, the increase would be higher, that's how percentages work. But those in business don't want it's workforce to think too much about it. They tell you that they deserve a 40% increase because they are more important to the company and you accept it. But in fact their importance is already reflected in the £300,000 they get every year. To award a workforce 5% (or inflation + 2% ) or whatever and then go and take a 20%-50% yourself is just insulting. The perfect Country would eliminate this kind of practice. posted by Marl64 |
|||
|
|||
| in-my-opinion.orgPoliticsPolitics and Crime (Assorted topics)One % To rule them all |
|
|||
 ...exactly why i work for myself 
I cant help but think wages being low is just a system of control, 99% of the world HAVE to work to live, 1% reap the rewards. It almost HAS to be like this cause if everyone in the world had a million £/$ then no one would work and the world would come to a standstill! posted by Crossfade |
|||
|
|||
|
|||
 inflation is killing the US right now, gas prices are the highest they have ever been. and it makes everything go up. milk is about 5 bucks right now...WTF? if W did go in for the oil then why are we not having cheap ass prices...where is my oil? posted by Agent Zero |
|||
|
|||
|
|||
 Inflation for itself is not bad. If you automatically would increase the wages as inflation increases then everything stays OK (like in Luxemburg) EXCEPT for the following 2 things: 1) You may get into the next tax rate level (= you pay higher taxes if you earn more) 2) Inflation is bad if you make money out of money (capitalism). Thus inflation makes the rich guys poorer, because all their precious money on their bank account loses value. As long as the poor get a salary increase (5% more salary when 5% inflation) they don't care much about inflation, since they spend money immediately. posted by knn |
|||
|
|
|||
|
|||
|
yah really, the rich are always happy about money posted by Agent Zero |
|||
|
|||
|
|||
|
Agent Zero: gas prices are the highest they have ever been. Just as a matter of interest how do prices compare across the globe? 'round by me (North England) it's currently around 84p per litre (about $1.50 (US) or 1.20 Euros) posted by Marl64 |
|||
|
|||
|
|||
|
its its $2.40 right now where i live, what gives? posted by Agent Zero |
|||
|
|||
|
|||
|
Please post here: IMO → Please tell me how expensive your Big Mac is#2155 posted by knn |
|||
|
|||
|
|||
|
i thought this was the inflation topic? posted by Agent Zero |
|||
|
|||
 Register Log in |
The time now is 22 May 2012, 06:41 php B.B. |