To: FarCenter
The new contracts provide 24% pay increases over 5 years from 2020 through 2024 and include immediate payouts averaging $11,000 upon ratification, according to the Association of American Railroads. 24%/5 = 4.8% annually.
Inflation was just reported as 8.3% Tuesday.
If it were my union, I'd vote against it.
16 posted on
09/15/2022 4:11:10 AM PDT by
Sooth2222
(“Toute nation a le gouvernement qu’elle mérite.” ("Every nation has the government it deserves.”) )
To: Sooth2222
Plus money up front, though.
Maybe they’re betting on Trump getting back in and inflation falling below 4.8%, too.
To: Sooth2222
Right! They’re gambling that inflation will average less than that (actually less than about 4.4 percent with compounding).
1.044 (end of 1st year) x 1.044 x 1.044 x 1.044 x 1.044 = 1.2403 at end of 4th year.
No way they are getting a “raise”.
29 posted on
09/15/2022 4:56:43 AM PDT by
zipper
(In their heart of hearts, all Democrats are communists)
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