Originally Posted by
FangsF15
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.
You can’t honestly talk about breaking even without considering all the A to B displacements, or the demotions to UNA, or the effective pay reductions during one or more IQ courses, or the inability to use PCS awaiting one or more OEs. Delta got a metric duck ton of money from our grandchildren to keep our payroll whole but they took a different tack. And unlike SWA and AK seem to have done (?), they’re also ignoring that injection of (taxpayer IOUs) when considering our profit sharing payout.
Inflation sure can’t be ignored. But don’t kid yourself if you think fully accounting for it gets most of us anywhere near breaking even.