AusFinance

10.5% over 3 years … 6% inflation .. not even close to good enough

Given the public statements, it will be difficult for them to offer more and still have any authority. However, a strike or similar would also be a poor look for the rba after multiple interest raises. They would seem more out of touch.

Theyre offering a 10% increase over a period of time when inflation is reasonably expected to be roughly 15%-ish?

That does effectively constitute a pay cut... if you raise my pay by less than inflation, I'm checking job listings. Jumping jobs means a pay raise currently... only reason I don't job hop is because I'm old school, and that ain't enough for me to let inflation reduce my pay.