I dont think that $70k - $85k is overpaid, i was making this in 1990 in the mining industry and the cost of living/buying a house is about 5 X higher than 1990. If anything that wage is actually low compared to what the cost of living has done.
At $85k that would be about a take home pay of $1000 per week which i feel is far from over paid, having siad that i still also agree that executive boards feel that workers should be screwed.
I own a small company and pay my workers well and above the going rate, i want them to feel good at the end of the week when they get paid, in return i expect a good days work with good qaulity work, my aim is to have a happy productive worker for the well above pay rate they recieve but at times they do forget this.
Most companies do make good profits and i firmly believe that workers should be paid well for a profitable company, without the workers there is no profitable company and without the company there will be no good paying job.
Both sides of the coin need to understand this, if qantas is seeking cheap workers from aisa to achieve higher profit margins, they should first look at ways to improving their work practie and policies, its called continuous improvement.
The board should be sacked if they are seeking low cost overseas labor. The aussie worker has to be paid well in order just to survive due to the ridiculous high cost of living in australia. The board is looking stupid asking workers to work for less when they are paid over the top packages
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