Re: Drivers massive pay rise

[jshugg@westpac.com.au]

In article <399BE54E.9D351CA8@ozemail.com.au>,
  trainman@ozemail.com.au wrote:

> How does that line up with inflation?
>

If you want to compare your pay with the national inflation rate, and
against what average earnings have been doing, here are the figures,
for the year ended June 30 (the latest available):

Inflation
1999.... 1.1%
2000.... 3.3%  (the rise mainly due to petrol prices and mortgage costs)

Wages (avge weekly ordinary time earnings)
1999.... 3.3%
2000.... 4.3%  (at Westpac, we think the earnings data for 2000
probably overstate the true picture a little, but the trend is upwards).

Cheers, James


Sent via Deja.com http://www.deja.com/
Before you buy.