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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.

Whereas the aristocrat calculates his growth in the present by blocks of time such as annually, biannually, quarterly or monthly. Their rates of growth under this system are seldom single-digit percentage figures.

The aristocrat has the good fortune of being able to calculate his growth in the present and toward the future. The wage labourer is shackled with always calculating his increase backwards in time. He is told that this is just as valuable as what the aristocrats do (a blatant lie), he is told to believe and celebrate.

Union leaders like to negotiate for their labour sector members using this tardiness in time formula, beating their chests in cries of victory at each conclusion of backward pay increase, since they give workers a kind of universal “sou-sou” money, respectably called backpay.

B Joseph

via e-mail

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