Who's excited about their 5.75% payrise?
Doesn't cover the fact that my favourite frankfurts have gone up by at least 50c at Aldi (still @ $2.50 cheaper than Colesworth).
Not to mention KFC price rises, Guzman, Maccas etc
Who's Excited about Their 5.75% Payrise?
Comments
You have no clue
Covid record profit for company's and you follow the liberal nationals whoop the poor gift the rich
instant asset write off = inflation woosh over your head again
jobkeeper to those who didn't need it woosh again over your head
Home grants fueld housing prices lets see 10 years of liberal nationals pumping the market woosh over your head again
The liberal nationals were bringing in 300000 plus foreigners a year until covid woosh once again
Record multinational tax evasion for the past 10 years woosh once again And your all OK for a burger flipper on 50k paying more tax than most billion dollar multinationals because the poor need a woopingRight there Australian folks is your problem the sheeple mentality
Get your head out of ruperts @$$ ang get some real media
https://michaelwest.com.au/
https://kangaroocourtofaustralia.com/
The opposition are even worse, they wanted to let people raid their super for a house deposit, bringing more money into the economy, which would send inflation through the roof.
@idonotknowwhy: they opposed the rising of the min wage by stupid levels imho we have high inflation 'still' becuz of the stupidity of our current federal government
i gree ppl shouldnt be able to use their super to buy a house but i also disagree with the morons on power we are going to tax ppl to build more houses for the hords of ppl we are bring here
@Trying2SaveABuck Thats a great idea! The best way to reduce inflation is to run a huge government surplus by taxing the crap out of those that are wealthy.
bad ideas, poorly worded
It's unfortunate that a symptom of wage rises is inflation, but the inflation in the first place was a symptom of government inflationary policies as well inaction.
If the government actually imposed a windfall tax and curbed primary causes of inflation, effectively cutting inflation overall, then the wage rise would have been smaller. Some examples of inaction is no rent caps and not reducing immigration.
Now after inaction and officially posted inflation figures, not giving workers a pay rise to a bigger share in the profits means kicking down the poorest.
YAY more expensive everything else now.
It was already expensive to begin with due to rampant profiteering. At least workers can now have a bigger cut of the profits.
Any benefit will be wiped out immediately as the rba will raise rates again now.
A business makes $1000 in profit after doubling prices. 10 workers want $10 raise. Profit is now $900 and workers get an extra $100.
So, explain to me how workers asking for a raise is inflationary? If anything, the business did double prices is more inflationary than the raises.
@orangetrain: Because a business has outlays that are more than labour but as labour is a constant cost for everything within any business supply chain, the equation is more complex. I recall Lowe saying that there is price gouging from businesses that have contributed to inflation but we are starting to get close to the point where adjustments to total costs is the main driver of higher prices. And when we get there, we would have hit the zero sum impact of persistent inflation.
@orangetrain: Assume business is making $0 profit. Workers need $100 more. To avoid bankruptcy business needs to find $100 somehow or stop making whatever they make.
In businesses such as Apple who charge the absolute maximum the market will bear the workers needing $100 should result in apples profit going down $100 as they are already charging the maximum amount for maximum revenue. They will raise prices when their customers earn more, not because their costs are up.
There are far more businesses running on the edge than the few megacorps that dont have to worry about inflation.
tuesday RBA announcement will be another 0.25% increases
I'm surprised the markets have it around a 54% chance.
It should be like 60%. I get some of my spare MC's on it .
Hope so. Looking forward to it.
Minimum wage is and always will be $0. If your labour isn't worth $22.00 per hour to a business, you're getting paid $0 or getting a government job.
I would need to change company to get such a huge rise 😟
You need to get a job on minimum wage, then you'd get an 8.6% increase!
Ask your landlord if loyalty to employer will help pay the rent.
Jump ship!
Cool, Guess I have to schedule another increase in prices across the board at the community sports club I manage. We went backwards last year, between this & electricity, I will have to jack our average prices by almost 15% by year end at this rate.
will have to jack our average prices by almost 15% by year end at this rate.
So are you saying that your employees are all paid the minimum wage and that a 5.75% increase in the wages component of your expenses will result in a 15% price increase?
The majority of your increase would appear to be electricity charges so why would you try to attribute them to wages as though wages are the major problem? They appear to be the smallest of the impacts on your costs.You do sound like you are using the same line that 'big business' use to justify their price increases.
No, I didn't say that, try reading instead of projecting next time.
I said that we would likely end up with a 15% increase this year. Electricity is the largest single component, which is why I mentioned it & I have already had to do a substantial increase. This wage increase along with increasing supplier costs (which are in part driven by wages, just like us) & the coming July electricity jump will add enough pressure that I will have to do another increase, putting us close to 15% cumulatively this year, perhaps higher once I actually run the numbers.
I honestly think we are just matching real inflation, there is no way the ~7% figure isn't massaged to keep things calm.
Your implication that we are some kind of big greedy corporation is especially funny. We are a small not for profit community club that breaks even most years. I was not agressive enough last year keeping up with increases & we finished thousands in the hole & that's with delaying maintaince work.
Sorry I am not willing to let a not for profit club dissolve because your little red book says I am a big meanie pants.
Oh also our staff get paid more than I do. I am a volunteer, I do the books for free.
No, I didn't say that, try reading instead of projecting next time.
May be worth taking your own advice occassionally.
Your implication that we are some kind of big greedy corporation is especially funny.
At no point did I imply that, what I wrote was that you appear to be using the same reasoning as "big business".
Being one and acting like one are two different things.
I write what I mean, not what you decide it means.
I’m pretty pissed off actually because now the RBA is going to have to raise rates even more. It will just feed inflation more.
Do you see RBA raising interest rates when banks make massive profits?
Somehow it's inflationary when workers ask for a little cut of the massive profits?
It's not like unions are strong-arming the government or anything into raising wages. It's literally the poorest workers trying to keep up with inflation. It's a shame that people get upset by raising minimum wage.
The idea is, now there's more money to be spent, so demand goes up, so higher inflation.
The money and demand is still the same. Either investors/company spends the minimum wage rise or the poorest get to spend it?
Maybe to balance this out, anyone on 80k a year should get a a payfreeze or Paycut, to balance this out?
Windfall tax would be deflationary and save thousands of home buyers from losing their homes, but then the pollies won't get cushy jobs after politics. Decisions, decisions.
Works out well for the shareholders. Not sure it helps anyone else.
I think everyone in OZB is excited for the increase. We are all earning minimum wage.
Judging by the comments 90% earn more than 60k a year.
In 2020 the minimum wage rise to 19.84 and I was on 24.00. this rose to 25$. As of July it will be 23.23.
I receive $485 per week, and my ex on a DSP now gets $495.
What's the point even working now, living or existing?Time to read the peaceful pill again by Philip K my
You could always go on Centrelink
My partner earns too much, and I've allways tried to be independent. Her ex was a gambler who lost his house and super and gets far more than me. He had a heart attack, and still smokes. us tax payers funded his bypass.
What line of work are you in? We pay around $29 for minimum wage and that's simply warehouse pick and pack. I'm surprised anyone is actual in minimum wages with the unemployment rate so low.
If this doesnt raise the taxable brackets accordingly, then I won’t be very excited…
Government and RBA playing tug-o-war
GP here, our clinic made a loss, luckily its not my problem as I am not a owner. 5.75% increase probably will just kill our clinic slowly and perhaps we will just have to private bill everyone to survive.
Or the corporate write off another clinic and I will need to look for a new place to settle in.
I used to work at McDonald's making minimum wage. You know what that means when someone pays you minimum wage? You know what your boss was trying to say? "Hey if I could pay you less, I would, but it's against the law."
Wait there's still bulk billing GPs??
And more businesses will increase their price, on top of inflation. Then everyone will cry about everything being so expensive and blame everyone and anything, then it's a never ending cycle…..
And throughout the cycles, someone is making lots of money. The wage increase is only 5%, but most things have increase more than 10%. Who pockets the difference?
Shareholders and the higher ups for sure ha!
Thing is, there is no regulation or audits on what businesses price their goods at because every product and service are so unique in the chain that there is no magic formula to set limits, not to mention all unique expenses and overheads the business has to charge X price.
Why can business A sell coke at $2 per can while business B can sell it at $1.50? I can tell you prob 20 reasons why there could be a price difference but we know huge greedy corporations such as colesworth are really milking the public with their unreasonable price hike…
because more than 1 person is needed to get that product to market?
everyone's getting their extra 5%?If everyone gets 5% more it's still only 5% more cost.
If only the last in the line on minimum wage gets 5% the total cost is less than 5%.
Eg. 3 people.
The first one gets $1, the second gets $2, third gets $3. Total: $6.
Now they get a 5% increase.
The first one gets $1.05, the second gets $2.10, and the third gets $3.15. Total of $6.3. This is a 5% increase over $6.Now only the first gets 5%. This has a total of $6.05 which is a .83% increase.
I am genuinely curious, what did this fix? Several parties are already foaming at the mouth ready to offset these changes or pass on costs.
- Rba have signalled they will be raising interest rates again, possibly several more times
- Landlords ready to increase rents
- Businesses have announced they will either lay off staff or pass on these costs back to consumers
- Inflation and cost of living expected to go up anyway
- Anyone that has even moderately managed to crawl their way out of a minimum wage paying job with more responsibility and work are screwed as their wages and savings have lost value with no increase in pay.
I'm all for minimum wage workers being able to pay their bills and being able to put food on the table, but this seems like a bandaid fix and people who were struggling are going to find themselves in the same position again in a short time(or worse if they're part of expected layoffs) with more people joining them.
Easy solution is to scrap stage 3 tax cuts .
But of course they don't have the balls to do it .
And if you do that the extra money people are sorely needing evaporated quickly.
If you really feel strongly against tax cuts, you are more than welcome to donate or bequest your wealth to the ATO. Peter Costello used to say that.
But ofc, you also want it too right?
And if you do that the extra money people are sorely needing evaporated quickly.
Isn't the tax cut just making it one big bracket at the lower rate? Correct me if I'm wrong, but the only people benefiting from the tax cuts are those on 6 figures…hardly people that sorely need money…
@helpme: IIRC the people who will benefit the most are those earning >$200,000. These people will pay at least $9075 less in tax.
I say at least because the rich have various ways to decrease their taxable income, so the amount of tax paid by them will be even less.
It crudely equates to 3.36% of their gross income, whereas someone on $50,000 a year will pay $125 less in tax each year, which equates to only 0.25% of their gross income.
@Ghost47: I read somewhere those on $200,000 will benefit around 20k, is that wrong?
I should probably do the maths myself, it looks like there's a lot of numbers being thrown around
@miwahni: Those on 80k (median wage) will benefit by paying ~4.5% less tax ($800 less). Those on 200k will benefit by paying ~14% less tax (9k).
It's extremely top-end weighted.
For a laugh why don't you all try searching OzBargain for any past posts related to 'minimum wage'.
Exactly the same comments get made by all of the economically uneducated chicken littles every single time - and guess what…. no the sky didn't fall.
It's fascinating how many people from both side who are for or against wage increases (Including you) are more interested in name calling than actually answering difficult questions. What happens when rents and cost of living go up again like they're expected to very soon and offset the wage increase? Businesses have said they will be laying off staff and passing on costs to customers. Rents are expected to rise because of rate increases. Is it just fun seeing a few extra numbers in your bank account even though it will be worth the same or less pre-wage increase?
Even people I know who will qualify for this increase are questioning the point of all this. You don't have to be an economics magor to see this shit isn't working.
It's fascinating how many people from both side who are for or against wage increases (Including you) are more interested in name calling than actually answering difficult questions.
What part of my comment gives you any idea if I am for or against this? They are not the only 2 points of view possible.
Secondly, exactly what does whinging on a bargain website actually achieve. This is just the same people running around waving their hands in the air as though they have the answer to the worlds problems.
Seems to be the way of most forums currently, people who believe they have the answer to complex issues of which they have no actual understanding.
By the way, you want me to make the effort to answer the difficult questions whilst all you seem to have done in this thread was ask questions.
That is exactly what I find amusing.
What does whinging on a bargain website actually achieve
You say as you proceed to whinge across this thread and then whinge about whingeing. Again, you are dodging the question and trying to maintain some sort of bullshit neutral viewpoint and deluded sense of superiority… on a bargain website. If you're that triggered about people asking non-bargain related questions, perhaps move over to an eneloop deal or something instead of participating in forum discussions. You are worse that the economically clueless people you referred to in your original post.
You say as you proceed to whinge across this thread
Can you point to where in any of my couple of posts am I 'whinging across this thread"?
Again, you are dodging the question and trying to maintain some sort of bullshit neutral viewpoint and deluded sense of superiority
Which question was that exactly?
Where did I say anything about a neutral point of view?
You seem to have a problem with reading what was actually written.
You let your opinion of what others should write get in the way of understanding that some on here find it amusing that a bunch of whingers with no idea of what can or needs to be done feel their opinion matters.You seem to have a problem with reading what was actually written.
And now you're using retorts other people have used against you on this thread and still haven't answered the question. If you want to be a troll try harder at least kid.
And now you're using retorts other people have used against you on this thread and still haven't answered the question
Like I said before and you choose to continue ignoring -
Which question was that exactly?
It also worth noting that the person accusing me of not reading actually had not understood what I was saying themselves.
You may not have noticed, in your eagerness to make out there have been multiple people involved, but one person (singular) making a comment is not other people (plural).
Exaggerating what is actually being written really sounds like you projecting rather than reflecting the reality of a conversation.@Grunntt: It's great that you love buzzwords, but learn what projecting means and try again. Looking at your comment history no one seems to value what you've said on this thread, again, stick to commenting on eneloop and playstation deals instead of embarrassing yourself further, the adults are having a conversation here.
@[Deactivated]: I fully understand the meaning of the words that I use - that's why I use those exact words.
I also do not need to exaggerate as you appear to need to do - to support your non point of view (as you answer nothing but just offer criticism) you fall back on non-factual statements like little kids do eg "no one seems to value what you've said".
Other than the first person I asked questions of who, other than you, has commented on what I have written? Where are "all these people"?
If you take the couple of negs I received as somehow supporting your claims I find it interesting seeing the number of negs you seem to relish with many of your posts in your history.Seeing as you have risen to the lofty ranks of personal insults to try to win those golden internet points this would appear to be the end of this conversation - unless you actually have something worthwhile to add the thread?
Either way I see no point in anything you've had to say so far so will not be wasting my time indulging you from this point onwards - I prefer conversations with real adults.@Grunntt: I'm not here to feed trolls that have a 100% downvote ratio on a thread nor am I going to bother reading your uneducated dribble. On a side note it's funny how every time you drill down a troll's conversation history there's always posts about either minecraft or other childish video games. Always. lol. Grow up and troll someone else. You have literally provided no value or insight to anyone here and just enjoy being downvoted.
@[Deactivated]: One final response for you and then you can enjoy insulting others here…
I'm not here to feed trolls that have a 100% downvote ratio on a thread
You seriously think just because there a couple of downvotes it somehow validates your opinion?
On a side note it's funny how every time you drill down a troll's conversation history there's always posts about either minecraft or other childish video games
Just like when you have a quick look at the history of someone who could be seen as being deliberately antagonistic and insulting - doesn't take a lot of searching to find you receiving 51 downvotes for two comments in one thread. Going by your parameters that would make your opinions exactly what you accuse others of.
lol, keep the downvotes going,
…and your response was so very much a mature and eloquent one that made a positive contribution to the discussion.
@Grunntt: The other guy was right, you really do seem to have issues with reading. I've already said I didn't read your previous troll post, not sure what makes you think I'll bother reading this. You are clearly here just to troll, gaslight and trick a mod into marking someone's post as inflammatory because that gets your rocks off. On a thread where people are talking about how they're struggling to pay their bills and how this increase won't protect them against the ripple effect from higher interest rates like higher rents and cost of living… have some (profanity) shame. Several people have given you a chance to engage in productive discussion but all you've done is engage in childish arguments, belittlement, dodge/dismiss their concerns and reply without even clearly reading what you're replying to most of the time. Now you're upset the same thing is being done back to you. Unfortunately I don't have as much free time as you to play kiddie video games and troll people online. EVERY SINGLE one of your posts on here have been downvoted, perhaps stick to the videogame deals where your opinions are more valued. You clearly don't have the slightest clue of what you're talking about when it comes to real world issues.
Several people have given you a chance to engage in productive discussion but all you've done is engage in childish arguments,
There you go with that exaggeration to support your own opinion yet again - exactly where in this thread are the 'several people" that I've dismissed their concerns?
My first post was to Mitt and there was one reply.
Other than that one post the only person involved in childish arguments is you.You continue to claim the majority here agree with you when they all seem to exist in your imagination to back up your antagonism and insults.
This seems to be just your way of creating argument, blaming the other person for it and pretending to be the adult that 'everyone' agrees with.
You know - like kids do in the playground.At what point in any of your detailed responses (sic) have you attempted to be 'the adult' in this part of the thread?
@Grunntt: This is borderline harassment at this point. For the 3rd time you've proved other users who have criticised you were right, you have issues with reading. For the 3rd time: I am not reading your posts or engaging in your troll games. You've had your chance and you've proven you're here just to troll based off your replies and 100% neg history for this thread. Go play your video games or troll another user if you're on a mission to collect the most downvotes on this thread. It's funny how you were quick to dismiss other people's arguments and valid concerns using childish no-substance retorts and insults, and now you're throwing a hissy fit because your troll-tier comments aren't being addressed. You're desperate to get the last word despite saying you will be leaving this conversation. Perhaps take a break from social media and forums, you seem to have an unhealthy obsession with being 'right' while not providing any substance or reasoning in your arguments.
For the 3rd time: I am not reading your posts or engaging in your troll games.
…but yet again you do exactly the opposite of what you write.
you've proven you're here just to troll based off your replies and 100% neg history for this thread.
For someone who is yet to answer any of the specific questions I asked of you (ie show me exactly where I wrote what you claimed), you are very quick to dismiss someone else for what you claim is the same thing.
Pretty sure that's the precise definition of projection that you suggested I look up earlier, but you don't seem to recognise it in yourself.It's funny how you were quick to dismiss other people's arguments and valid concerns
I will ask yet one last time - exactly where can you show that I did that?
(and as usual you toss in the reference to "people" as though it is many others rather than you alone).
Do you feel safer in a crowd (even if they don't exist).@Grunntt: Still didn't read it and you continue to waste your own time after saying you were leaving several messages ago confirming you're a troll. Again, I'm not engaging in your off-topic troll games in a tread about wages and cost of living challenges. If you're that desparate for attention here's a good book recommendation for you:
https://www.amazon.com.au/Nobody-Wants-Read-Your-Sh-ebook/dp…It's unfortunate that you seem to derive enjoyment from shamelessly harassing people affected by current conditions and using these threads to collect negs for attention. Annoy someone. Your gaslight strategies clearly aren't working on anyone here. Maybe try a more political thread or perhaps twitter. You'd probably be welcome with open arms there and not get as much criticism from everyone like you did in this tread.
It's unfortunate that you seem to derive enjoyment from shamelessly harassing people affected by current conditions …
…welcome with open arms there and not get as much criticism from everyone like you did in this tread.
Ok, now you've headed off totally into an alternate reality.
Exactly where are these people and precisely how am I harassing them?
I will repeat it for you, as you seem to miss it when pointed out a couple of times, - other than me, there is only one other person anywhere in this conversation and that is you.
I'll leave you alone with all of your friends/everyone/other people.
That way you can continue making such a positive contribution by asking questions (whist not answering any put to you) here and not one single time making a worthwhile suggestion.
A good start to understanding
…and yet again the first reaction on OzBargain to a sensible suggestion is for someone to neg the post.
Really?
2.6% increase for me (senior), ~5.69% increase for my employees.
Bonuses only for the execs (not me) #CorporateLife
Corporate, so $200k?
Maybe in a few years of I'm lucky.
We've got guys with 'senior' in their title just so the clients don't get scared.
They're still only around $100k though, so low for the field.
Oh and before it's asked, tech industry
$812.60 per week × 52 workweeks in a year = $42,255.20.
Lets make calculations easy, they all get 8%
$3,400 per employee per annum
2,000,000 enployees
$6.8 billion extra in wages
Australia corporate profits over the last year:
~$130 billion per quater.
Those damn poor people!
Economists Hate This One Simple Trick —- Maths!
it would be nice but it really doesnt fix the cost of living, your still paying extra into taxes,gst etc in the end it means nothing with inflation the only way this would mean something if taxes were clawed back 5.6% and a recessions effects were not imminent
Doesn't affect me as I'm on a EBA, but yeah good to see some pay rises to somewhat manage cost of living for those under minimum wage. It's hard to see how people survive on less than a 1000 a week. A lot of people are complaining how increased cost but honestly, the cost would of went up either way.
Seems like there's going to be a new tax bracket for EOFY for 2024. Benefits higher income earners by 20k on the highest bracket which would help a lot for those workers who work overtime/ double jobs.
It’s too small
A reasonable rise would be 25%
Only the capitalist elites think that’s enough
What a joke
Come and live in Switzerland.
There is no minimum wage but you can expect around AUD$100,000 a year to flip burgers or scan groceries.
But you can also expect a coffee to cost $15, lunch at a cheap restaurant $50 and a decent apartment to be $2 million.
I'm sure you would then still be asking Maccas for a 25% pay rise to $125,000.Quick google:
"East Switzerland: Average coffee price is 4.17 Swiss Francs (7.1 minutes of work) Central Switzerland: Average coffee price is 4.20 Swiss Francs (6.8 minutes of work) Northwest Switzerland: Average coffee price is 4.29 Swiss Francs (6.7 minutes of work) "
Yeh right buddy.
Not me, because I started a new job last year and I started just after a new EBA came out and in it are that the next 3 yearly pay increases are 2%. I don't know which idiots voted to agree with that.
What % of OzBargainers are earning minimum wage? 1%? Minimum wage earners don't buy $6,000 coffee machines, $1,000 bottles of whiskey, $10,000 bikes, $18,000 TVs. Minimum wage earners don't own 4 investment properties.
US inflation is 4.8% while Australia I think 6.8% so if anyone to blame about current economical crisis then it is the RBA … !
Agree, but people are so stupid that they pander to the capitalist royalty and become satisfied with their left over crumbs.
Sheeple power
I can only eat breadcrumbs from Aldi, though I hear the Coels ones are okay. ;)
While I would definetly say there has been some price gouging at the checkout and deceptive activuty with "low price" red stickers, you can take some relief in that Coles and Woolworths arent making a bonza from the grocery price action of the last couple of years.
While I don't doubt there has been some hollow log filling, the FY22 reported NPAT for the Duopoly:
Woolworths : $1.514B
Coles : $1.048BFor contex between them they have ~$100B combined group revenue
Duopoly grocery is not the only issue but real issue is Australia has only 4 big banks, only 1 big airline (Qantas) and they can do whatever they like and as you see CBA recently changed their credit card terms .. !
Another big issue is that Australia only has 2 big city (Sydney & Melbourne) and money never was spend to create third & forth big … connection between Perth & Sydney is like travelling between two country … ! New migrants were allowed to get into Sydney & Melbourne is another issue where this migrant should be asked to live outside this two metropolitan city to grow other cities and towns .. ! Most GP in Sydney are Bulk billed while hard to find bulk bill GP in Brisbane as majority charge above medicare rates … so all the government should have done is that any new doctor that comes to Australia should settle outside Sydney & Melbourne .. !
thing's are simple but none of the government doing anything about it is disappointing and we can't do much except writing frustration here on OZB .. lol :D
Transport infrastructure is poorly planned no matter which state you go to except Perth which probably has far better then Sydney & Melbourne…. !
Unfortunatly the USA was closer and more lucrative at the time to Europe. ;)
I'm genuinely curious to who is actually on minimum wage. We couldn't employ anyone below $29 in our industry doing simple warehouse pick and pack.
there are many on retail jobs in shops and even in factory …. in Sydney and Melbourne in particular as both these city has massive migrant population available to exploit and that is why i said above … new migrant should be settle outside this two city as a condition of their entry to australia … !!
I work in a warehouse on $25 an hour, which is more than some of the staff as I have 2 roles, and have a forklift license.
The best thing to do for those workers and the wider economy is bring inflation back down under 3.5 percent
this is the typical 'Greens/ALP' voter ecomonics in which you pay someone 40 or so dollars more p/w after tax they are 30 or so dollars better off 'on paper' only for their rent, cost of food etc to rise by more then 100-200 dollars and overall they are much worse off practically.
this government wont survive another election - if they wanted to help poor people dont bring 1.5m here when we have a housing crisis, bring down energy prices and ensure the inflation issue is under control not throwing fuel on the fire - maybe dont waste 700m on a AFL stadium we dont need….