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Brown Cafe UPS Forum
UPS Union Issues
COLA is a 33 cent adjustment to top scale
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<blockquote data-quote="Its_a_me" data-source="post: 5261115" data-attributes="member: 93115"><p><strong>Faster than that</strong> as the union negotiated allowing 3% inflation before they get an increase. Everyone is losing 3% a year on their wages when getting COLA. Your purchasing power is decreasing by 3% <strong>PLUS </strong>because in addition, hourlies are having to wait from June 11th until August 1st to start getting that increase--which means June and July's inflation are ignored until the next year's calculation.</p><p></p><p>Some UAW contracts (John Deere's latest one for example) adjust every 3 months when they include these 3% inflators to offset the timing penalty of COLA.</p><p></p><p>COLA is bad. Wages go up---but they go up slower than inflation. Purchasing power goes down.</p><p></p><p>If inflation holds up that means approx $0.30 of our $1.00 GWI will go towards making up for that shortfall.</p></blockquote><p></p>
[QUOTE="Its_a_me, post: 5261115, member: 93115"] [B]Faster than that[/B] as the union negotiated allowing 3% inflation before they get an increase. Everyone is losing 3% a year on their wages when getting COLA. Your purchasing power is decreasing by 3% [B]PLUS [/B]because in addition, hourlies are having to wait from June 11th until August 1st to start getting that increase--which means June and July's inflation are ignored until the next year's calculation. Some UAW contracts (John Deere's latest one for example) adjust every 3 months when they include these 3% inflators to offset the timing penalty of COLA. COLA is bad. Wages go up---but they go up slower than inflation. Purchasing power goes down. If inflation holds up that means approx $0.30 of our $1.00 GWI will go towards making up for that shortfall. [/QUOTE]
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COLA is a 33 cent adjustment to top scale
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