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Labouring on rate of income increase
Saturday, April 20 2013
THE EDITOR: Unions were up in arms over the five percent wage cap. They are elated however over the nine percent wage cap. They are all, excluding energy, cement and banking workers, queuing to sign up for their nine percent wage cap increase. Because, boom or bust, the only financial growth the common worker can expect to see in his income is that which represents the illusion of wage increase already eaten up by inflation, calculated to represent long-gone periods of time.
To add insult to injury, the common worker’s increase, measured invariably in single-digit percentages, is calculated as a representation of blocks of years. Three-year blocks is the standard.
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