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UPS Discussions
cost of living allowance--COLA
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<blockquote data-quote="FracusBrown" data-source="post: 740565" data-attributes="member: 29360"><p>It doesn't matter what amount you get. What matters is what it will buy. If you make $30 an hour and that $30 will buy exactly one case of beer, then you get a 3% raise. Now you make 30.90 per hour. Due to infaltion (cost of living) the case of beer goes up 5%. The case of beer now costs $31.50. You can't buy a case of beer with one hours pay. You are losing ground. You have more money, but its buying power is less.</p></blockquote><p></p>
[QUOTE="FracusBrown, post: 740565, member: 29360"] It doesn't matter what amount you get. What matters is what it will buy. If you make $30 an hour and that $30 will buy exactly one case of beer, then you get a 3% raise. Now you make 30.90 per hour. Due to infaltion (cost of living) the case of beer goes up 5%. The case of beer now costs $31.50. You can't buy a case of beer with one hours pay. You are losing ground. You have more money, but its buying power is less. [/QUOTE]
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