Pay increases fail to match soaring rents, mortgages

Jun 21, 2012 | Posted by: roboblogger | Full story: Sydney Morning Herald

Typical household income grew 20 per cent in the five years to the 2011 census. But in the five years before that it climbed 31 per cent.

Comments
1 - 6 of 6 Comments Last updated Aug 18, 2012
damien auksorius

Hobart, Australia

#1 Jun 22, 2012
we get a pay rise then the cost of living goes up the government gives in one hand then takes in the other hand
damien auksorius

Hobart, Australia

#2 Aug 16, 2012
now with power increases the cost of living is ridiculous
Morton djamirriji

Adelaide, Australia

#3 Aug 16, 2012
damien auksorius wrote:
now with power increases the cost of living is ridiculous
What ya mean bada? my vb carton cost nothin coz I stole it. You white fellas got it all wrong, sit under a tree all day and drink and the guvment pays me for it. Now im gonna add a new bedroom onto my vb carton coz I just found a xxxx one, my lucky day!
damien auksorius facebook
#4 Aug 17, 2012
the cost of living rises but our wages certainly dont
QUITTNER
#6 Aug 17, 2012
2:30 pm, Friday, August 17, 2012:
RE: Pay increases fail to match soaring rents, mortgages
..... Rents reflect all of the costs in operating rental buildings, including the wages of those involved.
..... Mortgages reflect the costs of houses, and housing costs reflect the cost of building materials and all the wages involved in building.
..... Pay increases increase all of the costs involved. Therefore all the prices must go up, and because the prices go up there will have to be even more pay increases, and then costs go up some more. And the cycle goes up and up and up.
..... As prices go up, then the value of the currency is decreased, and then it takes more money to buy everything. Up and up it goes!
Good Aussies

Netherlands

#8 Aug 18, 2012
Slaves in the USA were provided housing and food - they didn't own land but they were looked after.

It's getting that way for alot of people now. The money earnt only allows people to pay rent and food, nothing left over.

We have been turned into slaves.

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