Public sector pay rise

[halfmist]

Make up your mind



Which bit of "private" in "private sector" do you not understand?

Your very selective.
I said.... I have never heard of the multiplier effect used specifically to the public sector.
Anyone can chop a sentence in half.
Don’t understand your comment about the private sector, to spell out the point I was making...
If the public sector get double digit pay rises don’t you think the private sector will want them as well.
How are the small businesses in the private sector, who are struggling at the moment to make ends meet expected to finance double digit pay rises for their employees

 

[halfmist]

That's fine. But if she let it lapse then she can't be paid as a nurse.

That’s fine she walked away at the end.
There was no way she was going to work along side staff of equal ability getting paid 3x the amount she was.
Her choice at the end of the day.

 

[halfmist]

Nebulous figures again. More public sector workers worked through Covid. private sectors 80% was funded by us! My daughter (private sector) was better off in lockdown taking 80%. No transport/childcare costs no problem. However I’m sure there were more horror stories but at least I’m prepared to admit it. Tories admit nothing, lie to cover it up and blame it on non Brits! Charlatans to a person, screwed the workers but feathered their own nests. Vermin!

The whole public sector is none profit making, so by definition it’s funded by us, ie the tax payer.
You see your obviously very bitter.
Can you imagine come Election time calling the opposition vermin.
Do you honestly think that’s going to help a particular party get elected.
I am afraid ideology means it just scares the moderates off from voting Labour

 

[Prestwich_Blue]

Your very selective.
I said.... I have never heard of the multiplier effect used specifically to the public sector.
Anyone can chop a sentence in half.
Don’t understand your comment about the private sector, to spell out the point I was making...
If the public sector get double digit pay rises don’t you think the private sector will want them as well.
How are the small businesses in the private sector, who are struggling at the moment to make ends meet expected to finance double digit pay rises for their employees

We no longer have a prices and incomes policy so any pay arrangements are a matter between the employee and their employer. The public sector employer is the government, which doesn't have to maximise profit (although it should seek to maximise value from the money it spends). It's always been the case that some private sector employers pay more than others, for similar jobs.

Public sector pay deals don't drive inflation. In fact, as we both seem to agree, there's a multiplier effect when the public sector injects money into the economy, either directly to staff via pay or via infrastructure projects. It was around 1:1.7 when I did my degree by the way.

When the private sector pays its employees more, it wither absorbs the cost (which reduces tax revenues) or increases prices, which feeds inflation. That's why you can't compare the two.

 

[CPPSC]

As a private sector employee taxed at 45 % and only able to contribute £4k into my pension I will never ever be able to retire on anything like comparable pension.Not even close to the diversity managers in the NHS that I pay for.

 

[halfmist]

As a private sector employee taxed at 45 % and only able to contribute £4k into my pension I will never ever be able to retire on anything like comparable pension.Not even close to the diversity managers in the NHS that I pay for.

And most other public sector employees who are in superior pension schemes than those in the private sector.
My Mrs who has £80k in her private pension which has dropped £3k from the previous year has just been offered £100pm to convert it in to a taxable pension

 

[halfmist]

We no longer have a prices and incomes policy so any pay arrangements are a matter between the employee and their employer. The public sector employer is the government, which doesn't have to maximise profit (although it should seek to maximise value from the money it spends). It's always been the case that some private sector employers pay more than others, for similar jobs.

Public sector pay deals don't drive inflation. In fact, as we both seem to agree, there's a multiplier effect when the public sector injects money into the economy, either directly to staff via pay or via infrastructure projects. It was around 1:1.7 when I did my degree by the way.

When the private sector pays its employees more, it wither absorbs the cost (which reduces tax revenues) or increases prices, which feeds inflation. That's why you can't compare the two.

I don’t recall saying I agree on the multiplier effect
I have asked the poster to provide empirical evidence.
I don’t know how much you know about the private sector but many businesses are struggling in these uncertain times.
Many are not in a position to absorb double digit payroll rises or increase prices at the moment.
I assume you don’t work in the private sector.

 

[Mr Kobayashi]

The whole public sector is none profit making, so by definition it’s funded by us, ie the tax payer.
You see your obviously very bitter.
Can you imagine come Election time calling the opposition vermin.
Do you honestly think that’s going to help a particular party get elected.
I am afraid ideology means it just scares the moderates off from voting Labour

That’s bollocks.

Councils across England operate traded services to other local authorities, companies, third sector and the public and generate profits within their department.

It just isn't extracted as a profit at the end.

It’s non-profit by the way.

 

[metalblue]

It’s very hard to increase productivity in the Public Sector because of the nature of work that’s done, cannot be measured in productivity terms.
Therefore, the size of the Economy can only be increased by productivity increases in the Private Sector or efficiency savings in the Public Sector.
Unless everyone gets the same % pay increases, there is going to be winners and losers, depending on the bargaining strength of particular sectors of the Economy.
Can someone please explain, particularly with the effects of imported inflation that we have in the U.K, how the pay rises that some on here want to see implemented, are going to be paid for.

That’s not actually correct mate, it is measured already. We include health and education in our GDP for example. It’s considered a service - so the more we spend on the NHS and education the better out GDP - however it’s diminishing returns so £1 spend doesn’t equal £1 gained. Only infrastructure projects are considered £1 spend = £1 gained.

 

[metalblue]

We no longer have a prices and incomes policy so any pay arrangements are a matter between the employee and their employer. The public sector employer is the government, which doesn't have to maximise profit (although it should seek to maximise value from the money it spends). It's always been the case that some private sector employers pay more than others, for similar jobs.

Public sector pay deals don't drive inflation. In fact, as we both seem to agree, there's a multiplier effect when the public sector injects money into the economy, either directly to staff via pay or via infrastructure projects. It was around 1:1.7 when I did my degree by the way.

When the private sector pays its employees more, it wither absorbs the cost (which reduces tax revenues) or increases prices, which feeds inflation. That's why you can't compare the two.

1:1.7? Over what time horizon was that? As for it being a multiplier (which I disagree with in real world) how many infrastructure projects could we actually have?