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August 1 Raise.
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<blockquote data-quote="Its_a_me" data-source="post: 5331688" data-attributes="member: 93115"><p><strong><span style="font-size: 15px">Our August 1, 2022 COLA raises were based on May 2022's CPI-W number </span></strong><span style="font-size: 15px">(288.022 which was published in mid-June). The raise is $0.82.</span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px">Yes, it <strong>WAS </strong>an <strong>annual calculation (but it only applies from Aug 1, 2019 to Aug 1, 2022. The current CBA expires July 31, 2023 so there is no set COLA procedure for Aug 1, 2023). </strong>If you go by the last contract there will be no COLA as the union must negotiate a new wages in August 2023 and obviously there is no inflation from August 2023 to August 2023 (at least no published reports inter-month).</span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px"><strong>July 13th's CPI-W numbers</strong> are actually from June (again the previous month's numbers are release the following month). <strong>That month over month change was 1.6% higher. </strong>June's CPI-W number is 292.542. <strong>Had this been included</strong> in this Aug's COLA it would have been an additional $0.23 on that Aug raise. <strong>But it is not.</strong></span></p><p><span style="font-size: 15px"><strong></strong></span></p><p><span style="font-size: 15px"><strong>Again there is no COLA raise in 2023</strong> so the union must include this 0.23 from June and keep a running total each month and must negotiate a raise equal to that total number for the 2023 contract or we are losing money to inflation. And that is just to maintain our current wages not be rewarded for the hard work and skill we put in towards the company's success over the next year.</span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px">So if the union comes back with a typical $0.70 raise on Aug 1st 2023 and inflation from Aug 1, 2022 to Aug 1, 2023 totaled $1.05 like this past year (remember we are already losing because of the 3% inflator and not being paid for June's inflation)---then we will have a declining wage.</span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px">So it's important to make the voices heard regarding this issue during contract negotiations. The wage raise has to be greater in 2023 than typical because we don't get a 2023 COLA and there will continue to be inflation that is eating into our paychecks.</span></p></blockquote><p></p>
[QUOTE="Its_a_me, post: 5331688, member: 93115"] [B][SIZE=4]Our August 1, 2022 COLA raises were based on May 2022's CPI-W number [/SIZE][/B][SIZE=4](288.022 which was published in mid-June). The raise is $0.82. Yes, it [B]WAS [/B]an [B]annual calculation (but it only applies from Aug 1, 2019 to Aug 1, 2022. The current CBA expires July 31, 2023 so there is no set COLA procedure for Aug 1, 2023). [/B]If you go by the last contract there will be no COLA as the union must negotiate a new wages in August 2023 and obviously there is no inflation from August 2023 to August 2023 (at least no published reports inter-month). [B]July 13th's CPI-W numbers[/B] are actually from June (again the previous month's numbers are release the following month). [B]That month over month change was 1.6% higher. [/B]June's CPI-W number is 292.542. [B]Had this been included[/B] in this Aug's COLA it would have been an additional $0.23 on that Aug raise. [B]But it is not. Again there is no COLA raise in 2023[/B] so the union must include this 0.23 from June and keep a running total each month and must negotiate a raise equal to that total number for the 2023 contract or we are losing money to inflation. And that is just to maintain our current wages not be rewarded for the hard work and skill we put in towards the company's success over the next year. So if the union comes back with a typical $0.70 raise on Aug 1st 2023 and inflation from Aug 1, 2022 to Aug 1, 2023 totaled $1.05 like this past year (remember we are already losing because of the 3% inflator and not being paid for June's inflation)---then we will have a declining wage. So it's important to make the voices heard regarding this issue during contract negotiations. The wage raise has to be greater in 2023 than typical because we don't get a 2023 COLA and there will continue to be inflation that is eating into our paychecks.[/SIZE] [/QUOTE]
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