PolyU Library
Journal Call no.AP8.W56
AuthorBailhache, Rob.
Article TitleThe wages of inflation : little joy from new year pay hikes / Rob Bailhache.
Is Part OfWindow ; v.4, no.7, 24 Feb 1995, p.55, illus.
AbstractAlthough average real incomes may just inch ahead of trailing CPI (A) inflation, the report published by human resources consultancy ECCO Personnel Services has found that a swathe of low-income earners will see negative pay rises once inflation and the territory's high cost structure are factored in. And even senior managers will be taking it on the chin this time around, the victims of a meltdown in the local financial and property markets.