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Contract news 3/8/2013 (Teamsters.com)
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<blockquote data-quote="Bagels" data-source="post: 1107209" data-attributes="member: 43436"><p>LOL, now who's perception of reality is off? <u>Only 5%</u> of American workers earn 100K or more (and 20% of all duel-income households). </p><p></p><p>And you're making a foolish argument. Personal inflation rate is a measure of the increase in cost to maintain a lifestyle. If I sell my modest suburban house, purchase a more expensive lakefront home & acquire a boat, I'm not longer maintaining that lifestyle. If I had previously made $50K but now make $80K, that $80K would've been sufficient to keep up with the increasing costs of my former lifestyle, but it may not be enough to keep pace with the increasing costs of my new lifestyle. And if I was a UPS driver and declared "our raises aren't keeping pace with inflation," it'd be completely false, as I made choices. They're my choices, and I'm entitled to them -- I'm not arguing this, as you seem to be. I'm arguing that poor financial decisions are the source of my woes.</p><p></p><p>But it doesn't really matter. My point was that personal inflation is difficult to measure in an ever changing world (and if you've studied economics, you'd realize this is fact, not opinion) for a variety of reasons, as noted above (technology obsoleting previous ways, 30-year mortgages, etc.) But it's irrefutable that the $8+ in raises we have received over the past two contracts is well beyond the pace of inflation, no matter what metric you use.</p></blockquote><p></p>
[QUOTE="Bagels, post: 1107209, member: 43436"] LOL, now who's perception of reality is off? [U]Only 5%[/U] of American workers earn 100K or more (and 20% of all duel-income households). And you're making a foolish argument. Personal inflation rate is a measure of the increase in cost to maintain a lifestyle. If I sell my modest suburban house, purchase a more expensive lakefront home & acquire a boat, I'm not longer maintaining that lifestyle. If I had previously made $50K but now make $80K, that $80K would've been sufficient to keep up with the increasing costs of my former lifestyle, but it may not be enough to keep pace with the increasing costs of my new lifestyle. And if I was a UPS driver and declared "our raises aren't keeping pace with inflation," it'd be completely false, as I made choices. They're my choices, and I'm entitled to them -- I'm not arguing this, as you seem to be. I'm arguing that poor financial decisions are the source of my woes. But it doesn't really matter. My point was that personal inflation is difficult to measure in an ever changing world (and if you've studied economics, you'd realize this is fact, not opinion) for a variety of reasons, as noted above (technology obsoleting previous ways, 30-year mortgages, etc.) But it's irrefutable that the $8+ in raises we have received over the past two contracts is well beyond the pace of inflation, no matter what metric you use. [/QUOTE]
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