32
UK wages grow at record rate
(www.bbc.co.uk)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 15 Aug 2023
32 points (97.1% liked)
United Kingdom
4060 readers
308 users here now
General community for news/discussion in the UK.
Less serious posts should go in !casualuk@feddit.uk or !andfinally@feddit.uk
More serious politics should go in !uk_politics@feddit.uk.
Try not to spam the same link to multiple feddit.uk communities.
Pick the most appropriate, and put it there.
Posts should be related to UK-centric news, and should be either a link to a reputable source, or a text post on this community.
Opinion pieces are also allowed, provided they are not misleading/misrepresented/drivel, and have proper sources.
If you think "reputable news source" needs some definition, by all means start a meta thread.
Posts should be manually submitted, not by bot. Link titles should not be editorialised.
Disappointing comments will generally be left to fester in ratio, outright horrible comments will be removed.
Message the mods if you feel something really should be removed, or if a user seems to have a pattern of awful comments.
founded 1 year ago
MODERATORS
It might be easier to visualise if you substitute money in for something more tangible. Let's use water as an example; you might earn a one litre bottle of water for every hour you work. Your company then announces a pay rise accross the board; everyone in the company will now get twice as amny bottles! Sounds great, everyone's on board, the company gets huge amounts of positive PR. You're excited when it comes to pay day, just think what you'll do with all that extra water! But when you get your pay you're sorely dissapointed; while you did get twice as many bottles of water, each bottle is half the size. You may have got twice as many bottles but you got the exact same amount of water.
In this analogy bottles are currency, water is value. Twice as many bottles is meaningless if they're half the size. You got a 0% raise.