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Unread 23 Jul 2008, 10:03   #32
Tomkat
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Join Date: May 2002
Location: London, UK
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Re: Council strike, inflation and living cost

Quote:
Originally Posted by TheShadowMan View Post
just like to point out the % payrise depends on the salary its worked out from. eg if u get 3% raise which equates to 4000 its a hell of a lot different from getting the same percentage raise and only gettin 1250. With the higher amount you can adjust your spending to come in line with an imaginary lower amount and save the difference in a high interest account (beating inflation).
The whole point of pay rises corresponding to inflation is that you can afford the same stuff now as you will be able to in 10/20/30 years. You aren't really receiving more money (in relative terms of what you can afford to buy).
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