Interest rates are a blunt instrument, but governments have more options to help fight inflation. They’re just not using them. The Reserve Bank boss, Michele Bullock, recently said interest rates were a “blunt instrument” when it came to fighting inflation. In other words, the impact of interest rate rises can be a bit of a… Read more »
Wages are rising but not at the same pace as inflation, which means the purchasing power of your money is going backwards. In fact, “real wages” growth has never been worse. You’re getting paid more cash, but your cash is buying less. While wage rises are stronger than normal, it is completely understandable if you’re… Read more »
There’s no doubt we all need a pay rise to help us keep up with inflation. But just how much is needed and how can we increase our chances of getting it? CommSec released a fascinating research report which has taken the latest inflation figures and applied them to average weekly earnings. It found the… Read more »
If the boss knocks back your request for a pay rise, here are some non-cash benefits to ask for instead. I’ve talked about how to ask the boss for a pay rise, but it can be a long shot in the current climate. Many businesses are rebuilding after being financially decimated by lockdowns. That doesn’t… Read more »
Asking your boss for more money isn’t a casual conversation. Instead, to get that pay rise, you need a careful plan and strategy. It is a delicate time right now. Most bosses have been through almost two years of financial hell with lockdowns sending many of them broke. If they’ve survived they are trying to… Read more »
