Originally Posted by
VisionWings
compound interest says if you’re five percent behind and gain 50% you’re further behind.
.95* 1.5=1.425
1* 1.5=1.5
now you’re 7.5% behind when you were 5% behind last cycle. So no. We aren’t looking for the same percentage increase. Even the equitable increase requires a higher pay increase just to match back to 95% behind the legacies.
Smh. Let the people in the negotiations do their job.
You missed the point. There’s a number that’s know already. That’s the point. It’s in the neighborhood of the same % increase as others. Is it 2 or 3% higher than others? That would be a realistic assumption but it’s definitely not over 10% higher. Again the numbers are known.
I agree with let the negotiators do their job. I’m not sure why you felt the need to add that?