35years
Gravy route
Copied from a Facebook thread...
What a real cost of living adjustment looks like:
In August 2020 drivers made $38.44; that would be $41.96 in today’s dollars using the consumer price index (CPI). So we are already behind.
The February 2022 CPI was .08% or 9.4% annual inflation.
Using the government’s past CPI numbers, and using February’s CPI going forward…
Here is what we need just to keep 2020 buying power:
August 2022…$42.16
August 2023…$46.21 At contract signing
August 2024…$50.64
August 2025…$55.51
August 2026…$60.83
August 2027…$66.67
August 2028…$73.07
And before someone says that is too much, consider what management got a month ago…
1.5 MIP comes out to a yearly bonus (on top of wages) of the following:
4 months’ salary MIP for Supervisor (say $33,000)
7 month’s salary for a business manager (say $70,000)
11.8 months salary for a division manager (say $180,000)
There is also, in addition, the ownership incentive of 1 month’s salary.
What a real cost of living adjustment looks like:
In August 2020 drivers made $38.44; that would be $41.96 in today’s dollars using the consumer price index (CPI). So we are already behind.
The February 2022 CPI was .08% or 9.4% annual inflation.
Using the government’s past CPI numbers, and using February’s CPI going forward…
Here is what we need just to keep 2020 buying power:
August 2022…$42.16
August 2023…$46.21 At contract signing
August 2024…$50.64
August 2025…$55.51
August 2026…$60.83
August 2027…$66.67
August 2028…$73.07
And before someone says that is too much, consider what management got a month ago…
1.5 MIP comes out to a yearly bonus (on top of wages) of the following:
4 months’ salary MIP for Supervisor (say $33,000)
7 month’s salary for a business manager (say $70,000)
11.8 months salary for a division manager (say $180,000)
There is also, in addition, the ownership incentive of 1 month’s salary.