Yes, John Deere workers voted down an agreement secured a larger raise and cost of living adjustments. If the link doesn’t work Google it.

https://www.wsj.com/amp/articles/john-deere-inflation-bellwether-united-auto-workers-union-wages-11637276050

 

Bank of America...

Raised its starting wage from $15 in 2017 to $22 in 2022. That's a 46.7% raise in their minimum hourly wage in the past 5 years. How much was inflation during that time?

https://newsroom.bankofamerica.com/c...%20%2445%2C000.

 

It seems like everyone expects a 3-year deal with 3 years of raises going forward and all retroactive to 2020.

If we are negotiating two contracts as has been stated, then why not negotiate a 6-year deal?

I'm sure the company can figure out retroactive raises year-by-year. So, why not inflationary-ish numbers from 2020, 21 and 22, THEN start with the new numbers.

1.4 for 2020, 7 for 2021 then 9 for 2022 and get 1 check encompassing all prior years.

The 20% day 1 crowd that implies it should be 20% from 2020 is out of touch with reality.

 

Out of touch with reality is thinking inflation between 2021 2022 was only 16%

Name one thing that's only up 16% since 2020? Most things are 2x that.

 

There's 2 different things going on here - you have to separate discussion about rates vs retro pay (to an extent). All of the "20% day 1" people are saying that's what the new rates need to be based off our expired 2019 rates. That's basically what you called for in the first part I bolded. We're going to need ~20% raises on day 1 in order to keep up with 3 years of inflation. In effect, this is negotiating C2019 as a 3 year payrate-only deal. Then, from date-of-signing forward (on top of the 20% right off the bat) we need further rate increases 2023-however long the deal is. So in effect, looking only at payrates, our next TA would be a 6 year deal (or 5 or 7 depending on the actual length) in that we won't miss a single year of pay rate increases.

Now once our new pay scales are decided, then you have to bring in retro pay. So say if we do get 20% DOS, I haven't heard a single person say we should be due a retro check worth 20% of all our earnings from 2020-2022. Everyone seems to be agreed that we should factor in our theoretical pay raises during those years to figure out the retro due. So say 4% of your 2020 earnings + 9% of your 2021 earnings +16% of your 2022 earnings (or whatever magical percentages we come up with).

 

Cool story.

But you missed the point.

 

So, this, basically?

 

Are you serious?

 

That is why I don't understand the big workup over retro pay for retirees. People worked 6 months under an expired contract and can't wait for their retro. We are all gonna get chump change. So if you worked 1 year then you'll end up with (chump change)/4 = not much.

 

Hate to say prediction.

One time payment for voting members on signing date. Nope, not retro, nope, not a signing bonus. A “contract RE-up” payment.

Veops, still goodbye.
Retirees, stop calling.
Current pilots, well- hey I’d had the same in retro!
Mgmt, brilliant. Bonuses all around. We save billions.


Me- if we go to age 67 I’m starting a 30 year countdown AGAIN; for a 3rd time. Nope nope nope.