Words by Nick Dowson.
Despite living costs going up by 10 per cent or more in many parts of the world, rightwingers keep arguing against workers receiving pay rises, conjuring the old bogey of the ‘wage-price spiral’. Among those seeking to pin the responsibility for inflation on ordinary workers are UK Prime Minister Rishi Sunak (estimated wealth $810 million) and Bank of England governor Andrew Bailey (annual remuneration: $685,000).1
There are a few things wrong with this.
The New Internationalist is an independent bi-monthly not-for-profit magazine that reports on action for global justice. We believe in putting people before profit, in climate justice, tax justice, equality, social responsibility and human rights for all.
New Internationalist acknowledges the Traditional Owners of Country throughout Australia and recognises their continuing connection to land, waters and culture. We acknowledge that these lands were stolen and sovereignty was never ceded. We pay our respects to Elders both past and present.
© Copyright New Internationalist 1973-2026. Except where otherwise noted, content on this site is licensed under Creative Commons.
Except where otherwise noted, images on this site are © the attributed photographer/illustrator or representative agency.