Wednesday, 14 November 2007

Wage Restraint?

Wage Restraint?

Today I read a report which looked at executive salaries in Australia. During the last twelve months, they have risen an average of 28%. Taken across a week, this constitutes an increase of $11000 for these people.

These executives are presumably the same characters who are keen to move their employees on to AWAs, which will decrease their take home pay.

Two things concern me about this. One is that we now have a corporate culture where this is considered OK. The other is that the Australian concept of a “fair go” seems to have gone completely out the window.

It’s also interesting to conjecture where this sits amongst calls for restraint for wage earners in terms of threats from inflation, and dire warnings from coalition pollies about wage breakouts under Labor.

I guess if you earn as much as some of these individuals you develop the idea that you’re somehow special and conventional considerations don’t apply.

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