Originally Posted by
Coffee *****
I cannot remember a year with a 2.77% inflation rate, but please correct me.
1997 - 2.3%
1998 - 1.6%
1999 - 2.2%
2000 - 3.4%
2001 - 2.8%
2002 - 1.6%
2003 - 2.3%
2004 - 2.7%
2005 - 3.4%
Only 3 years since that UAL contract you refer to have we had greater that 2.7% inflation. By your own math, we did better than a inflationary pay raise. The numbers are from the Fed Res Bank. You can look them up yourself if you'd like.