Saturday, November 14, 2015

4% pay rise shows the big disconnect with reality

You have news that
- growth is slowing down all over the world, including China
- retail giants are losing money quarter on quarter
- property giants are losing money
- oil and gas giants are losing money
- technical recession is happening all across Asia and the world

And yet, there is news that there are salary rises next year by 4%. If that doesn't show the obvious disconnect with reality, I am not sure what will. Drawing an analogy, it's like saying that you are giving your children a 4% raise in allowance when your salary is being reduced and your job might not be around next year. 

Ridiculous right?

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