Originally Posted by Left Handed

OK guys, let's get some facts straight. If we don't agree with the company on a contract, usually after a year past the amendable date, then we can ask the government for a mediator. All the mediator does is prod the two sides along and see how they can compromise to get a deal done. The mediator has no control or power over either party, other than suggestion. If after a while, usually another year, the mediator feels that there is an impasse, or the two sides are pretty much set in their positions, the mediator will offer what's called a proffer of arbitration. That is he will offer both sides the chance for binding arbitration. Both sides have to say yes in order to do that. If either side says no, the binding arbitration is off the table, and either they go back to the mediator, or the mediator decides they're fairly close to an agreement and releases both parties into the 30 day cooling off period. After those 30 days, both sides are free to exercise self help. Which is anything up to and including a strike for us, and anything up to and including a lockout for the company. Let's not get ahead of ourselves here, that day is a long way off, if ever. I doubt the company would ever agree to binding arbitration, they would stand to lose a lot more through them then if they were to bargain with us.
Also with the whole time value of money thing, some people may think it's better to learn a lesser amount now than more later. I would rather earn an extra $40,000 a year for the rest of my career starting in two years, than an extra $20,000 a year for the rest of my career starting now. (I have 20 years left).