Tube Drivers get £50k Deal.

ILW

Heard on the radio this morning that tube drivers have accepted a deal to put them all on £50k.

Getting something like 6% now and then guaranteed over inflation for the next few years.

You do have to hand it to Bob Crowe.

Could this be a sign of the times as far as an inflationary spiral goes?

IveSeenTheLight

ILW wrote: »

Heard on the radio this morning that tube drivers have accepted a deal to put them all on £50k.

Getting something like 6% now and then guaranteed over inflation for the next few years.

You do have to hand it to Bob Crowe.

Could this be a sign of the times as far as an inflationary spiral goes?

You have to wonder how you value the role as £50k

chewmylegoff

ILW wrote: »

Heard on the radio this morning that tube drivers have accepted a deal to put them all on £50k.

Getting something like 6% now and then guaranteed over inflation for the next few years.

You do have to hand it to Bob Crowe.

Could this be a sign of the times as far as an inflationary spiral goes?

http://www.mirror.co.uk/news/top-stories/2011/10/03/tube-drivers-to-get-paid-50k-under-new-deal-115875-23463842/

nice. linked to RPI as well, not CPI.

i really don't see what the justification for this is. note that LU say the deal offers only a "prospect" of no industrial action over wages until at least 2015.

so there is no "no-strike" deal as a result. excellent, we can expect as many "health and safety" related strikes as they feel like. given their salaries are all going up 20% they will be able to afford a few more strikes.

i see that on top of this, they also want an extra payment for coming to work during the olympics. call me old fashioned, but surely you don't get to have a bonus just for coming to work when there is some sport on.

basically it seems to me as if LU has just caved and received nothing in return.

ninky_2

Good. I'm sure it is affordable. After all, think of how much each packed tube of commuters must be paying in fares.

ILW

It may be a step closer to driverless trains. The investment will pay for itself quicker as wages go up.

pqrdef

ILW wrote: »

Could this be a sign of the times as far as an inflationary spiral goes?

Anybody capable of disrupting the Olympics has the government over a barrel.

CLAPTON

ILW wrote: »

It may be a step closer to driverless trains. The investment will pay for itself quicker as wages go up.

the victoria line was build in the 60s and was designed to run without drivers
50 years later there are still drivers in the cabs with no function

no technolgy problems; only political ones

chewmylegoff

ninky wrote: »

Good. I'm sure it is affordable. After all, think of how much each packed tube of commuters must be paying in fares.

yeah that's fine, we can all afford for the cost of our travel to be increased by well above the rate of inflation whilst our salaries are increased by nothing, so that some union members who threatened to stitch up the olympics can have unrealistic pay rises.

MFSaver

I hope that someone can shed some light on what Tube drivers do, because I cannot understand how being a Tube driver can get you 50k and also getting a guaranteed pay rise in these times.

I am not being sarcastic. I just want to know what being a Tube driver entails.

onlyroz

Well I'm seriously considering a career change. Seems like my eight years of higher education was wasted...

ninky_2

chewmylegoff wrote: »

yeah that's fine, we can all afford for the cost of our travel to be increased by well above the rate of inflation whilst our salaries are increased by nothing, so that some union members who threatened to stitch up the olympics can have unrealistic pay rises.

Maybe you should join a union then you would have more wage bargaining power. Corporations / capital know the power of collectivisation. Labour needs to challenge that power by forming equally influential leviathans. Equilibrium is needed for the financial system to be sustained.

Or you can just moan.