Originally Posted by
Doug Madsen
Yeah - the market place is a funny thing. Sometimes it helps, and sometimes it doesn't, but it always ultimately governs our current worth and our ability to extract more.
Then why have a union? Save 2% and just react to the marketplace. Just think of the time value of that 2%? For every year we don't get that 2% back in our pockets, that means we have to achieve a day 1 raise of:
4.1% next year
6.2% the following year
8.3% the following year
10.5% the following year
12.7% the following year
15.2% the following year
The time value of not getting this 2% back in our pockets RIGHT NOW is unacceptable.
Carl