Originally Posted by
All 5 Stages
The cumulative inflation from 2019 is 9.2%. We would need at least a 10% gain the first year just to maintain status quo i.e. not take a pay cut.
In these high inflation times, the NC needs to fight for inflation-protected pay tables. The lethargic and bureaucratic U.S. government applies COLAs and issues TIPS -- no reason that cannot translate to the private sector.
A5S
It’s actually more like 11%. It’s been 37 months since we had a raise, and our buying power has gone down 10.76% since then (as of Dec 2021).
https://data.bls.gov/cgi-bin/cpicalc...1&year2=202112
This cannot be overstated: as of today, the first 11% of any raise we get only gets us to
break even with the peak of C15. By the time we actually see C19 signed in 2022-23 timeframe (if we are lucky),
it will likely take more like 15% just to break even.
Frankly, if we don’t see something in the low-mid 20’s on DOS, we are a bunch of chumps, who fell for what ‘felt like’ a big number.
Inflation is the silent tax. Don’t fall for anything that doesn’t take it into account.