In 2015, Philip C. Ii Lowe was a GS-14 under the general schedule payscale.
Look at how many people in Australia get that, somewhere between 1 and 5 in 100 (?). Senior officers of the Reserve Bank give speeches and participate in panel discussions on a broad range of topics related to its role and functions. It also serves to co-opt the occasional incorruptible politician who slips through the preselection net. Some people who are paid extraordinarily high amounts of money and working Australians have relatively low wages and getting small wage increases, I think it’s an issue for the society,” he said…“We should go back to wage increases that start with a three,” he said, “They should be increasing at 3.5 per cent.”This makes Lowe one of the very top paid central bankers in the world, with a salary that is In fact, there were 41 ‘fat cats’ at the RBA paid more than $200,000 in 2017-18, with 19 of those paid more than $400,000.As we also know, Phil Lowe is a die hard supporter of Australia’s mass immigration program, which is has flooded the labour market with cheap foreign workers, eroded domestic workers’ bargaining power, and placed downward pressure on wages.
Let’s drop the pay for all RBA staff to minimum wage. I’m not saying that for high-qualification, high-performance jobs that it is unreasonable, far from it – but even at this seemingly low level, you are already in rarefied air.If you do a poor job how can you demand a high salary regardless of “intelligence” – and I use that word loosely.I’d sack the current lot of muppets at the RBA. Has to be.Disagree completely. Reserve Bank of Australia governor Philip Lowe has criticised the business community for extraordinary high salaries saying people should be happy to deliver value to a … Indeed it has completely restructured the economy to produce cheap labour “bullshit jobs” instead of higher value-adding jobs in tradable sectors.The wages of “regular Australians” will not rebound until the wide open visa system is closed.For $1m, he’ll only do charters (a) the stability of the currency and (b) the maintenance of full employment. But I will support their right to be paid fairly for their intelligence the same as I support better pay for politicians (so as to attract better caliber politicians, reduce their vulnerability to graft). Ctrl P)I agree with almost all your comments but feel that your description of those earning more than 200k per year (a small % of the RBA’s workforce) as ‘fat cats’ reeks more than a little of socialism and/or tall poppy syndrome to me. It seems to me that overpaying execs has lead to much worse management, and there are simple reasons why – they are much more likely to talk to other senior execs than people in their organisations, with all the peer-pressure and groupthink that that produces.There have been a number of studies showing that CEO pay is not linked to the performance of the organisation. A 200k salary hardly seems disproportionate when you consider this against construction workers or middle office management in any large corporate, or Melbourne Metro staff getting paid 80k just to watch people walk through the gates.I think the RBA has done a poor job. See for exampleThat is certainly true of the RBA from the point of view of most people, although they are no doubt brilliant at serving the interests of the oligarchs.High pay for politicians probably has little to do with talent and a great deal to do with attracting greedy, amoral people into politics, people who will be eager to do the bidding of the rich and powerful in exchange for personal advantage. Philip Lowe at the ANU on … You gotta pay much more if you want him to even look at charter (c), the economic prosperity and welfare of the people.Monetary policy is like a child’s first remote controlled car:Complex stuff. But 200k is not a super high salary. Reserve Bank Governor Philip Lowe has linked immigration to high house prices; ... Sydney's median house price of $877,220 is more than 10 times an average full-time salary of $85,000. The ‘fat cats’ you are referring to are probably the top 5% of THIS group. Read more about Australia Market ends softer ahead of RBA governor Philip Lowe speech on Business Standard. There are loads of professions you could tackle before it would make sense to attack RBA salaries.So why do socialists and the tall poppy syndrome exist?Agreed. The average Lowe's salary ranges from approximately $20,000 per year for Freight Team Associate to $79,409 per year for Store Manager.Salary information comes from 22,470 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months.Please note that all salary figures are approximations based upon third party submissions to Indeed. Past performance is not an indication of future performance. Since then, Lowe's salary has increased to $123,499 in 2015. I’m convinced. Phillip has 3 jobs listed on their profile.