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this post was submitted on 29 Aug 2023
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And noting this, if %4 is all it takes to keep you out of the grasp of cronyism and corruption - take it.
But we need national legislated pay rise too because you bet your arse I'll get 1-2% at best each year for a net -20% in relation to inflation over the last 5-10y.
Unfortunately, that's just not how greed works.
If you give a greedy person $100 in the hope they won't take a $200 bribe, they'll have $300.
Usually, they'll then try and manipulate people into giving them even more. "Well of course I took the $200. You guys only offered me $100. What did you expect?".
So you buckle and offer them $300 to not take the $200 dollars. How much does the greedy person end up with? $500 of course.
What comes next? Manipulating the new lowest bidder of course! "Well of course I took the $300. You guys only offered me $200. What did you expect?".
If they can take it all, they'll take it all. If they can squeeze you for more, they'll squeeze you for more.
There is never a point they will say "no, I already have enough". The closest they ever come is concluding "If I take the $100 now, I won't be able to take the $200 later".
Thats why this stuff needs to be properly regulated and fiercely enforced.
Hey you raise some serious points.
My argument is "give them 4% but aggressively stamp out corruption". As long as I get a legislated pay rise too in line with inflation.
Unfortunately, they get to decide what counts as corruption.
Your not going to get rid of cronyism and corruption by the carrot alone though. I see that as a red herring to ease the passage of pay rises like these.