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Salient. Victoria University Student Newspaper. Volume 39, Issue 3. 15th March [1976]

The Myths

The Myths

There are many myths about wage rises - 'they cause inflation', and 'In times like this they will lead to unemployment'. You've probably heard these and many more.

However, wage restraints have been in force since 1973 and any wage increases that have occurred have had to be fought for.

But - has inflation stopped, - or the rate of inflation even slowed down?

Have the unemployment figures dropped considerably?

Of course not. But the myths still persist, creating an amount of dislike for unions which are actively attempting to prevent further cuts to the living standards of their members. The sources of these myths are many, but the point we wish to make is - wage rises are Not the cause of our inflation; wage rises are so far Behind the cost of living that many people are in fact financially worse off now than in the past.