{"id":46565,"date":"2022-05-18T11:50:49","date_gmt":"2022-05-18T10:50:49","guid":{"rendered":"https:\/\/unitedbaristas.com\/?p=46565"},"modified":"2022-06-20T13:57:55","modified_gmt":"2022-06-20T12:57:55","slug":"how-much-should-you-get-paid-this-year","status":"publish","type":"post","link":"https:\/\/unitedbaristas.com\/articles\/life-work\/how-much-should-you-get-paid-this-year\/","title":{"rendered":"How much should you get paid this year?"},"content":{"rendered":"
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This year, you\u2019ll need a pay rise. With inflation nearing 10%, here’s important info for coffee people and businesses. <\/h2>\n<\/div>\n\n\n\n
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Everyday essentials are becoming more expensive. Your electricity and gas bills are going up, food costs are rising and most things you buy (from phones to pizza) costs more too.<\/p>\n\n\n\n

Think about it like this. If you bought \u00a3100 worth of \u2018stuff\u2019 at the start of this year, if you were to buy that same stuff on 31 December \u2013 it\u2019s likely to cost you around \u00a3110!<\/p>\n\n\n\n

This year a pay rise is required for your standard of living to remain the same.<\/p>\n\n\n\n

Prices are going up<\/h3>\n\n\n\n

Over time, prices go up. The reason is inflation.<\/p>\n\n\n\n

As inflation affects everything bought and sold, it\u2019s a contentious issue and economists love to debate its causes.<\/p>\n\n\n\n

There are different ways to calculate inflation. Mostly it\u2019s done by taking a mixture of things people commonly buy and see how much they increase in price over time.<\/p>\n\n\n\n

In coffee, many costs are going up such as green coffee, shipping, gas and electricity.<\/p>\n\n\n\n

In the UK, the main measure of inflation is called Consumer Price Inflation (CPI). It includes things such as food, clothing, healthcare, transport and recreational activities. The CPI now measures inflation at 9%<\/a>.<\/p>\n\n\n\n

Inflation is now at a 40 year high<\/h3>\n\n\n\n

People generally like it when prices don\u2019t change much over time. This means you can budget more accurately and you can be confident buying something when you know the price is about the same yesterday, today or tomorrow.<\/p>\n\n\n\n

Most countries like a little inflation. The Government has told the Bank of England to keep inflation at 2%. This means something that costs \u00a31 today will (on average) cost \u00a31.02 a year from now.<\/p>\n<\/div>\n\n\n\n

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UK inflation is now at a 40 year high.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n\n\n
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Barista wages have outstripped inflation in recent years.<\/figcaption><\/figure><\/div>\n\n\n
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As things cost a little bit more each year, an average person needs to earn about 2% more each year just to maintain their lifestyle.<\/p>\n\n\n\n

Over the past fives years coffee industry pay has increased faster than the rate of inflation<\/a> \u2013 so most coffee people have been able to buy and do more with their wages.<\/p>\n\n\n\n

This year is different because annual inflation will probably peak at over 10%. This the highest rate of inflation over four decades.<\/p>\n<\/div>\n\n\n\n

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Market<\/p>\r\n\r\n

\nhttps:\/\/hessian.fra1.cdn.digitaloceanspaces.com\/uba\/ubm-everything-connects-oct22\/ub-ad-ubm2-everything-connects-marketplace.mp4<\/a><\/video><\/div>\r\n\r\n

See what's new on Market 2<\/a><\/div><\/div>\n\n\n\n

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Thinking about a pay rises in 2022<\/h2>\n\n\n\n

Most people working in coffee will be in one of three groups. It is good to understand which group you are in:<\/p>\n\n\n\n