Are you nuts? 2.5% sounds like a decent payraise in this sort of economy. No one at my company is getting a pay raise this year, we’ll probably be grateful if we still have jobs at the end of 2009.
Be careful of the “nobody deserves that kind of pay” nonsense talk. At some point, someone will decide that YOU make too much.
Be careful of the “nobody deserves that kind of pay” nonsense talk. At some point, someone will decide that YOU make too much.
Yep 7.5% total for the next three years may not be all that bad considering what many in the country are beginning to experience. Loss of jobs, cut back in wages or benefits, reduced work hours, etc are all signs that tough times maybe coming along. Old established union contracts in industries that have had big heydays often have built in clauses that are unrealistic in todays enviornment. I’m not advocating the approach but sometimes the President Reagan approach may be necessary.
...”No one at my company is getting a pay raise this year”...
No one? You don’t seriously believe that, do you? I don’t know where you work, but even if they ‘tell’ you greedy top execs aren’t getting ‘raises’, dollars to donuts they get it in bonuses and/or stock options. While I disagree with employment ‘at will’, I’m not necessarily a fan of unions either. However I am a fan of doing whatever it takes to protect the middle class.