Originally Posted by
CincoDeMayo
McDonalds was forced to increase pay to $20/hr in some spots to get workers….McDonalds. So if Ronald McDonald can afford these raises out of necessity, no different.
What? You going for the hat trick on agreements? You got it.
And if inflation is going to continue at the present rate, we really need to think about indexing the pay scale to the CPI or some other index. Social Security does that, Military retirement does that. Heck, even bank lines of credit go for LIBOR plus however many points.
While I would like to think that inflation is going to mellow out after the supply chains get fixed, even just two years at 7.5% is a huge hit. Imagine if it were to last five years without renegotiation….