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"If no agreement is reached, workers will have no choice but to go to the streets," warned Mphumzi Maqungo, NUMSA's national treasurer.Such demands are not consistent with a 6% inflation cap nor with stable employment.
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Working-age benefits and tax credits to rise by 1% - a below-inflation cap.
In his 2012 Autumn Statement, the chancellor announced that most working-age benefits and tax credits would be uprated by just 1% - a below-inflation cap - for three years from 2013-14.
Labour are offering different solutions, with their June manifesto promising to "suspend" Right to Buy and place an inflation-cap on rent rises.
But inflation concerns capped the day's rise.
While inflation remains capped, the outlook for the yellow metal seems likely to remain weak irrespective of whether the Fed minutes are hawkish or dovish.
The Green Party is also proposing an inflation-linked cap on rent rises.
The SEC's report does acknowledge inflation-adjusted caps would "shrink the accredited investor pool considerably" and proposes additional income-based conditions to mitigate the effect.
The change in their fortunes owes much to budgetary discipline and to efforts by central banks to cap inflation.
In the short run such measures may help to cap inflation and avoid social unrest, but in the long run they do more harm than good.
In an effort to cap inflation, it has leaned on utility companies to cap prices and is now considering legislation that would make "unjustified" price increases a criminal offence.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com