Saturday, March 15, 2008

More statistics on pay...

While we're waiting for the Pay Review Body in the NHS and the meeting of the Executive of the National Joint Council in local government, here's a little picture stolen shamelessly from the excellent "Campaign Teacher" to show why the likely offer of 2.5% or so is rubbish.

It's not about "breaking the 2% pay norm" now - it's about beating the rate of price inflation. And that's the Retail Price Index (RPI = real price inflation) not the Consumer Price Index (CPI = con-trick price inflation).

Perhaps someone who's a bit more artistic than me can do better with the graphic?

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