SOAS Support Staff Pay Depreciation Over Time
Why you must Fight for a Decent rise in 2022:
Even including increments on pay rises, our pay has struggled to keep up with Real Term Cost of Living increases.
The graph shows the real terms value of salaries decreasing as Cost Of Living Rises cause it's value to depreciate.
Since 2008, our pay has simply not kept up with rising costs of living.
Current Inflation is now between 5.5%(CPI) and 7.8%(RPI) and rising fast!
- But what does that mean in cash terms exactly?
- How far are you behind?
- How much pay have you lost over those years?
The calculator below will show how Cost of Living increases have cut the real value of our pay since 2008.
You should ask yourself, are you prepared to let that situation continue?
Select your Pay Grade (Figs show salaries), Select CPI or RPI then click Calculate to Display: