Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
The Competition
FedEx Discussions
As Good as it Gets
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="vantexan" data-source="post: 749948" data-attributes="member: 24302"><p>In 2008 I compared my $16.75hr with what it was worth in 1998(when I was rehired at $10.85hr) on an inflation calculator run by the University of California Davis. My $16.75 was the equivalent of $12.75 in 1998. A couple of days ago I ran the numbers on the U.S. Labor Dept's inflation calculator. My current $17.09 was worth $12.77 in 1998. I hope anyone new to the company understands this. After you factor in inflation, some years with no raise or a partial raise, and annual increases in healthcare costs, your pay in 10 years won't be much more than your starting pay in terms of purchasing power. So look at your starting pay and see if that amount will make you happy in 10 years or more. By the way, my starting pay in 1998 of $10.85hr is worth $14.52 now if I remember right. That's more than what current newhires get on this lowest payscale, the "B" payscale.</p></blockquote><p></p>
[QUOTE="vantexan, post: 749948, member: 24302"] In 2008 I compared my $16.75hr with what it was worth in 1998(when I was rehired at $10.85hr) on an inflation calculator run by the University of California Davis. My $16.75 was the equivalent of $12.75 in 1998. A couple of days ago I ran the numbers on the U.S. Labor Dept's inflation calculator. My current $17.09 was worth $12.77 in 1998. I hope anyone new to the company understands this. After you factor in inflation, some years with no raise or a partial raise, and annual increases in healthcare costs, your pay in 10 years won't be much more than your starting pay in terms of purchasing power. So look at your starting pay and see if that amount will make you happy in 10 years or more. By the way, my starting pay in 1998 of $10.85hr is worth $14.52 now if I remember right. That's more than what current newhires get on this lowest payscale, the "B" payscale. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
The Competition
FedEx Discussions
As Good as it Gets
Top