Originally Posted by
Splash
Thanks for the clarification.
You're welcome.
And just to add some additional perspective to this...
The straight math on a 42% pay cut is that it would take a 73% increase to get back to where you started. The fact that it would take an approximate 70% increase to our current contract 2012 rates to get to the inflation adjusted C2K rates, tells me that the increases achieved by the Moak administration are almost identical to the rate of inflation. In other words, Moak's strategy achieved what amounts to a cost of living adjustment (COLA) to our bankruptcy/emergency pay rates. That's a fact. My
opinion is that he did this at the cost of making it sound like we're satisfied with that, and that we have little or even no expectation of ever getting back to anywhere near the buying power our profession has typically enjoyed. It seems obvious to me that having set this kind of tone... and the expectations (on both sides) that go along with it... can only serve to hurt us when we get into Section 6 negotiations.