Since 2021, our wages have suffered a real wage decline because our pay increases have not kept up with the growing cost of living.
This has meant a 5.8% decline in our real wages when compared with inflation.
Date | Bankwest pay increases | CPI (June quarter) |
|---|---|---|
1 July 2021 | 3.25% | 3.8% |
1 July 2022 | 3.6% | 6.1% |
1 July 2023 | 3.25% | 6% |
Total | 10.10% | 15.90% |
Wage decline | – 5.80% | |
Bankwest’s proposed wage increases for our new Bankwest Enterprise Agreement 2021 (EA) don’t go far enough as they fail to recognise below inflation wage increases from previous years.
What’s worse is that they are proposing to pay us less as we earn more.
Take a look at what they’re proposing here.
This is just another reason to Vote No should CBA put its dodgy deal to a ballot.
If you’re not already an FSU member, join here today.
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