Originally Posted by
Utah
I don't think you have any idea how inflation works.
Do you think the 1.5% in 2020 and the 1% in 2021 and 2022, will keep up with inflation. Do you even know what inflation has run over the past decade or two, or what the Fed target is?
I believe our top 50 seat rate at the end of 2001 was $92 an hour. Do you have any idea what you would need to make now to have the same purchasing power? $131 an hour.
I'd happily accept a pay package tied to the government reported inflation rate. It runs 2% a year.
In four years when this pay package expires someone topped out will have less purchasing power than they have today.
And for those topped out it's not even a 3% increase. Less than 2 1/2.
Not that you give a **** about any of that, or can probably understand it.
119 to 123 is a 3.3% increase.
So now that I’ve gotten you angry and your math is wrong, what did you think was going to happen in regard to inflation when you got to year 21 on a 20 year pay scale as you spent those two decades climbing it? You wanna talk smarts?
Did you have these current bonuses, work rules, qol & 401k in 2001? Total comp for a 20 year guy is on pace with YOUR provided numbers.
Haha