17 percent pay increases should fix the high cost of living
Electricity and other basic costs are skyrocketing. Public transport is crap. Schools are underfunded. There aren’t enough nurses and doctors in public hospitals.
Labor in Victoria didn’t, and couldn’t, fix these problems. So the working class suburbs turned to the Liberals. They won’t fix any of these things either -they’ll make them worse.
During the election campaign in Victoria the Liberals had a strategy of blaming Labor for the high cost of living. It worked.
The global financial crisis saw the number of employees on short hours rise dramatically, so that part time work is still a reality for many workers. When you are working only half your normal hours cost of living increases hit twice as hard.
And there have been quite a few. The most obvious one is electricity. Across Australia electricity charges have gone up over 60 percent in the last 5 years. But other goodies in the necessities basket have also increased markedly.
Water and sewerage, rates, house prices, rents, education, health and transport all rose well above the rate of inflation over the last 12 months.
But so too did the pay of Chief Executive Officers. According to the Australian Council of Trade Unions the remuneration of CEOs went up 17 percent last year. Not for them worries about the cost of living.
Why don’t we learn a lesson from the bosses? If annual pay increases of 17 percent are OK for them, they’re OK for us too.