You couldn’t make this up.
A new report shows that executives at some of Australia’s biggest companies have recorded pay increases of 15 percent over the last year.
Fifteen percent. On top on salaries that already start at well over an average of one million dollars.
These are the very same big business bosses who say workers don’t deserve a pay rise that keeps up with inflation. How’s that for fairness?
This is just more evidence that working people are bearing the brunt of this cost-of-living crisis.
Australian Council of Trade Unions Secretary, Sally McManus, was on ABC’s Q&A on Monday night, telling it like it is.
You know it, we know it, everyone knows it: Corporate profiteering is driving inflation. The Australia Institute’s Centre for Future Work told us all months ago. And recent research from the OECD is telling us again.
The Greed-Price Spiral is what’s driving inflation
The big business lobby tries to blame workers for rising inflation or interest rates.
But the evidence is in: the main driver of worsening cost-of-living is profits.
Workers in unions are united against corporate profiteering
Workers in unions continue to stand together because we know using our collective power is the most effective way for all of us to win better pay.
This is what we do day in, day out. While corporate giants rake in the profits that cause inflation to soar, union members are showing up to ensure no worker is left behind.
Being part of a union gives you collective bargaining power. From individual workplaces to raising the national minimum wage, union members don’t back down.
It’s why, on average, union member earn $312 more per week than non-union members.