its not a 10% pay rise

[claystones]

Royal mail say there a 10% pay rise for us its not the 2% was last years the pay rise on offer is 8% over the next 2 years which is pathetic

[hans solo]

Correct in real terms it’s a massive pay cut

[stevejm]

Inflation is compounded too.

2022 inflation rate was 10.5%
2023 inflation rate - lets say an optimistic 7% overall for the year
2024 - anybodies guess but lets say 3.5% being super optimistic

Meaning that a basket of typical consumer products costing £100 in December 2021 will cost £122.37 by December 2024. So over the 3 years from Dec 21 to December '24 prices will have increased 22.37% based on my optimistic figures for inflation in 2023 and 2024.

will a 10% pay rise over 3 years cover this? Short answer - No!!!

We should be getting a pay rise that matches these figures or otherwise we are getting poorer every year. And not only will we be earning less but we will by all accounts be working harder for less money.

Is this what you want??

But, oh, "there isn't enough money" or "oh, R.M is broke"

R.M should raise their prices to cover these increases and should cut costs by not wasting money.

The least that the company should do is fairly (not over) compensate the workers whose labour created huge profits in the good times - and note, where was the profit share offer during the pandemic? Surprised the shareholders didn't all come out on some balcony and clap us.

[kazardaimenu]

We need 10% now, 8% backdated to last April and 10% next April not bloody 2% Like you say it’s miles off being a straight up 10% from where we were a year ago.

[FilthyBloke]

Inflation is compounded too.

2022 inflation rate was 10.5%
2023 inflation rate - lets say an optimistic 7% overall for the year
2024 - anybodies guess but lets say 3.5% being super optimistic

Meaning that a basket of typical consumer products costing £100 in December 2021 will cost £122.37 by December 2024. So over the 3 years from Dec 21 to December '24 prices will have increased 22.37% based on my optimistic figures for inflation in 2023 and 2024.

will a 10% pay rise over 3 years cover this? Short answer - No!!!

We should be getting a pay rise that matches these figures or otherwise we are getting poorer every year. And not only will we be earning less but we will by all accounts be working harder for less money.

Is this what you want??

But, oh, "there isn't enough money" or "oh, R.M is broke"

R.M should raise their prices to cover these increases and should cut costs by not wasting money.

The least that the company should do is fairly (not over) compensate the workers whose labour created huge profits in the good times - and note, where was the profit share offer during the pandemic? Surprised the shareholders didn't all come out on some balcony and clap us.

If your wages are 300 a week, and your shopping now comes to 122 instead of the 100 it doesn’t mean you need a pay raise of the same rate as inflation?

300 - 100 = 200.
Now it’s 300 - 122 = 178.

To keep the original 200 profit figure you don’t need to add 22% to your wage. You just need to add 7% or so. 300 + 7% is 321. (So it would be 7.3%)

So 322 ~ 122 = 200 again.

If we add 22% to 300 (the figure you used for inflation)
It would leave our wages at 366. Meaning we are far richer.
Now that suits me of course but we don’t need to match inflation to stay the same.

[grchpo]

We need 10% now, 8% backdated to last April and 10% next April not bloody 2% Like you say it’s miles off being a straight up 10% from where we were a year ago.

That's not going to happen. Read above post which is much more sensible

[pinstripe]

Inflation is compounded too.

2022 inflation rate was 10.5%
2023 inflation rate - lets say an optimistic 7% overall for the year
2024 - anybodies guess but lets say 3.5% being super optimistic

Meaning that a basket of typical consumer products costing £100 in December 2021 will cost £122.37 by December 2024. So over the 3 years from Dec 21 to December '24 prices will have increased 22.37% based on my optimistic figures for inflation in 2023 and 2024.

will a 10% pay rise over 3 years cover this? Short answer - No!!!

We should be getting a pay rise that matches these figures or otherwise we are getting poorer every year. And not only will we be earning less but we will by all accounts be working harder for less money.

Is this what you want??

But, oh, "there isn't enough money" or "oh, R.M is broke"

R.M should raise their prices to cover these increases and should cut costs by not wasting money.

The least that the company should do is fairly (not over) compensate the workers whose labour created huge profits in the good times - and note, where was the profit share offer during the pandemic? Surprised the shareholders didn't all come out on some balcony and clap us.

If your wages are 300 a week, and your shopping now comes to 122 instead of the 100 it doesn’t mean you need a pay raise of the same rate as inflation?

300 - 100 = 200.
Now it’s 300 - 122 = 178.

To keep the original 200 profit figure you don’t need to add 22% to your wage. You just need to add 7% or so. 300 + 7% is 321. (So it would be 7.3%)

So 322 ~ 122 = 200 again.

If we add 22% to 300 (the figure you used for inflation)
It would leave our wages at 366. Meaning we are far richer.
Now that suits me of course but we don’t need to match inflation to stay the same.

But it’s not just shopping that has increased. Energy bills, Council tax, fuel, everything has gone up by a damm sight more than 2%

[FilthyBloke]

Inflation is compounded too.

2022 inflation rate was 10.5%
2023 inflation rate - lets say an optimistic 7% overall for the year
2024 - anybodies guess but lets say 3.5% being super optimistic

Meaning that a basket of typical consumer products costing £100 in December 2021 will cost £122.37 by December 2024. So over the 3 years from Dec 21 to December '24 prices will have increased 22.37% based on my optimistic figures for inflation in 2023 and 2024.

will a 10% pay rise over 3 years cover this? Short answer - No!!!

We should be getting a pay rise that matches these figures or otherwise we are getting poorer every year. And not only will we be earning less but we will by all accounts be working harder for less money.

Is this what you want??

But, oh, "there isn't enough money" or "oh, R.M is broke"

R.M should raise their prices to cover these increases and should cut costs by not wasting money.

The least that the company should do is fairly (not over) compensate the workers whose labour created huge profits in the good times - and note, where was the profit share offer during the pandemic? Surprised the shareholders didn't all come out on some balcony and clap us.

If your wages are 300 a week, and your shopping now comes to 122 instead of the 100 it doesn’t mean you need a pay raise of the same rate as inflation?

300 - 100 = 200.
Now it’s 300 - 122 = 178.

To keep the original 200 profit figure you don’t need to add 22% to your wage. You just need to add 7% or so. 300 + 7% is 321. (So it would be 7.3%)

So 322 ~ 122 = 200 again.

If we add 22% to 300 (the figure you used for inflation)
It would leave our wages at 366. Meaning we are far richer.
Now that suits me of course but we don’t need to match inflation to stay the same.

But it’s not just shopping that has increased. Energy bills, Council tax, fuel, everything has gone up by a damm sight more than 2%

Yeah I was just showing that unless the amount of outgoings is exactly the same as your wage you don’t necessarily need the same pay increase that inflation is to break even.

[stevejm]

Inflation is compounded too.

2022 inflation rate was 10.5%
2023 inflation rate - lets say an optimistic 7% overall for the year
2024 - anybodies guess but lets say 3.5% being super optimistic

Meaning that a basket of typical consumer products costing £100 in December 2021 will cost £122.37 by December 2024. So over the 3 years from Dec 21 to December '24 prices will have increased 22.37% based on my optimistic figures for inflation in 2023 and 2024.

will a 10% pay rise over 3 years cover this? Short answer - No!!!

We should be getting a pay rise that matches these figures or otherwise we are getting poorer every year. And not only will we be earning less but we will by all accounts be working harder for less money.

Is this what you want??

But, oh, "there isn't enough money" or "oh, R.M is broke"

R.M should raise their prices to cover these increases and should cut costs by not wasting money.

The least that the company should do is fairly (not over) compensate the workers whose labour created huge profits in the good times - and note, where was the profit share offer during the pandemic? Surprised the shareholders didn't all come out on some balcony and clap us.

If your wages are 300 a week, and your shopping now comes to 122 instead of the 100 it doesn’t mean you need a pay raise of the same rate as inflation?

300 - 100 = 200.
Now it’s 300 - 122 = 178.

To keep the original 200 profit figure you don’t need to add 22% to your wage. You just need to add 7% or so. 300 + 7% is 321. (So it would be 7.3%)

So 322 ~ 122 = 200 again.

If we add 22% to 300 (the figure you used for inflation)
It would leave our wages at 366. Meaning we are far richer.
Now that suits me of course but we don’t need to match inflation to stay the same.

What gibberish is this? Who said anything about shopping coming to 100? Except you?

Most people are spending all of their wages when they are earning anything under 40,000 a year and definitely under 30.000 a year which is the case of most posties.

[FilthyBloke]

Inflation is compounded too.

2022 inflation rate was 10.5%
2023 inflation rate - lets say an optimistic 7% overall for the year
2024 - anybodies guess but lets say 3.5% being super optimistic

Meaning that a basket of typical consumer products costing £100 in December 2021 will cost £122.37 by December 2024. So over the 3 years from Dec 21 to December '24 prices will have increased 22.37% based on my optimistic figures for inflation in 2023 and 2024.

will a 10% pay rise over 3 years cover this? Short answer - No!!!

We should be getting a pay rise that matches these figures or otherwise we are getting poorer every year. And not only will we be earning less but we will by all accounts be working harder for less money.

Is this what you want??

But, oh, "there isn't enough money" or "oh, R.M is broke"

R.M should raise their prices to cover these increases and should cut costs by not wasting money.

The least that the company should do is fairly (not over) compensate the workers whose labour created huge profits in the good times - and note, where was the profit share offer during the pandemic? Surprised the shareholders didn't all come out on some balcony and clap us.

If your wages are 300 a week, and your shopping now comes to 122 instead of the 100 it doesn’t mean you need a pay raise of the same rate as inflation?

300 - 100 = 200.
Now it’s 300 - 122 = 178.

To keep the original 200 profit figure you don’t need to add 22% to your wage. You just need to add 7% or so. 300 + 7% is 321. (So it would be 7.3%)

So 322 ~ 122 = 200 again.

If we add 22% to 300 (the figure you used for inflation)
It would leave our wages at 366. Meaning we are far richer.
Now that suits me of course but we don’t need to match inflation to stay the same.

What gibberish is this? Who said anything about shopping coming to 100? Except you?

Most people are spending all of their wages when they are earning anything under 40,000 a year and definitely under 30.000 a year which is the case of most posties.

The ‘gibberish’ came from the post before. If, like you said, that most posties have nothing left after paying their bills then yes. You would need pay raise to be same as inflation. But not every postman is paying 300 a week on bills and shopping.

[stevejm]

We need 10% now, 8% backdated to last April and 10% next April not bloody 2% Like you say it’s miles off being a straight up 10% from where we were a year ago.

That's not going to happen. Read above post which is much more sensible

The post by FilthyBloke is pure gibberish. R.M and the chancellor could use him as a spin doctor.

But - to address your exact words. What is going to happen is probably not what we deserve - so you are right on that point. But is F.B's reasoning sensible? absolutely not. If his financial logic was applied to wage rises within a generation we would all be homeless, shirtless and starving. I just can't understand why people accept being crapped on. It's bad enough being crapped on but when you meekly accept it you lose the only thing left which is your dignity.

[richietns]

RM love that type of staff...ok boss anything you say boss..no its OK I don't need a payrise.

[stevejm]

The ‘gibberish’ came from the post before. If, like you said, that most posties have nothing left after paying their bills then yes. You would need pay raise to be same as inflation. But not every postman is paying 300 a week on bills and shopping.

Who cares what they are spending it on? That is their business. They want to maintain their current basic lifestyle - not just have enough for bills and shopping.

Your argument is tantamount to saying we were being overpaid in December 2021 because we could afford more than bills and shopping. Jesus wept!

[FilthyBloke]

The ‘gibberish’ came from the post before. If, like you said, that most posties have nothing left after paying their bills then yes. You would need pay raise to be same as inflation. But not every postman is paying 300 a week on bills and shopping.

Who cares what they are spending it on? That is their business. They want to maintain their current basic lifestyle - not just have enough for bills and shopping.

Your argument is tantamount to saying we were being overpaid in December 2021 because we could afford more than bills and shopping. Jesus wept!

You assume every postman has a ‘basic’ lifestyle?
The cost of living has gone up…. Some other poster said that it was 20% in the last couple of years….
Are RM just to keep giving pay raises no matter how high inflation goes? Some financial experts say that that is not the way to go and will only keep us struggling for longer.

I read last week that oil and food will go up again later this year…..should RM give us more money then as well?

These are bad times. But in the good times (when my house value was increasing by hundreds every day) we didn’t all say we don’t need a pay raise.

Inflation is not the problem of RM. We lost that privilege when we let the shareholders get in.

[mjd24]

Inflation is compounded too.

2022 inflation rate was 10.5%
2023 inflation rate - lets say an optimistic 7% overall for the year
2024 - anybodies guess but lets say 3.5% being super optimistic

Meaning that a basket of typical consumer products costing £100 in December 2021 will cost £122.37 by December 2024. So over the 3 years from Dec 21 to December '24 prices will have increased 22.37% based on my optimistic figures for inflation in 2023 and 2024.

will a 10% pay rise over 3 years cover this? Short answer - No!!!

We should be getting a pay rise that matches these figures or otherwise we are getting poorer every year. And not only will we be earning less but we will by all accounts be working harder for less money.

Is this what you want??

But, oh, "there isn't enough money" or "oh, R.M is broke"

R.M should raise their prices to cover these increases and should cut costs by not wasting money.

The least that the company should do is fairly (not over) compensate the workers whose labour created huge profits in the good times - and note, where was the profit share offer during the pandemic? Surprised the shareholders didn't all come out on some balcony and clap us.

Excellent post. Too many don’t understand inflation. Fed up of hearing radio and tv hosts exclaim that “yes but inflation is dropping” as if this means prices are falling!