Do I really need a union for a 2% raise ???
- Thread starter SteveOUPS
- Start date
LagunaBrown
Well-Known Member
Brownslave688
You want a toe? I can get you a toe.
Real inflation is most certainly higher than what's reported.
LagunaBrown
Well-Known Member
Brownslave688
You want a toe? I can get you a toe.
Maybe you should pick up a copy.
https://www.birchgold.com/news/the-...nal-that-the-us-economy-is-in-a-death-spiral/
LagunaBrown
Well-Known Member
Just A UPS Guy
Bully.
Not discussing disposable income, discussing useable income, two separate things. I didn't bring up benefit increase, I brought up that the average wage earner has to provide a percentage of that wage increase toward benefits. We do not.
Brownslave688
You want a toe? I can get you a toe.
LagunaBrown
Well-Known Member
Just A UPS Guy
Bully.
Thanks for taking my point to the opposite extreme. Jesus
DriveInDriveOut
Inordinately Right
Oh boy, you're struggling with basic math here.
They make a certain amount, and they pay a certain amount for benefits.
The amount they make goes up. The benefits cost stays the same.
None of the wage increase goes to benefits.
We make a certain amount, and we pay a certain amount for benefits($0).
The amount we make goes up. The benefits cost stays the same.
None of the wage increase goes to benefits.
Therefore it is completely rational to compare our wage increases, regardless of benefits.
DriveInDriveOut
Inordinately Right
It's 2% more buying power, that's how percentages work.
Were you dropped on your head as a baby?
Just A UPS Guy
Bully.
No, if you contribute 6% to your 401, you continue to contribute that 6% on your wage increase. Also, each year, most companies have what's called open enrollment, at which time you select your health plan for the year. This is the point when healthcare providers adjust the rates accordingly, either up or down to reflect the cost of the plan. An average of 3% increase means that an average of 3% of your wage increase goes to that.
So, a person at 6% 401(k) or 403(b) contribution and an increase of 3% to healthcare means that 9% of the wage increase is accounted for. A $2.00 raise is essentially $1.82 on your check.
Brownslave688
You want a toe? I can get you a toe.
I actually laughed out loud on that one.
Just A UPS Guy
Bully.
That's not actually how that works. 2% of $13 is not the same buying power as 2% of $35. Buying power is not dependent on individual income or lifestyle, its dependent on the value of the dollar vs. consumer inflation.
Brownslave688
You want a toe? I can get you a toe.
These two statements completely contradict themselves.
Let's assume it is only 3% inflation.
37x.03 = 1.11
1.11-.70 = .41
So using you're own numbers and argument we are taking a 41 cents pay cut per hour in year 1.
DriveInDriveOut
Inordinately Right
I contribute 30% to my 401k, so you're saying I'm getting 30% less of a raise than the person who contributes nothing to their 401k? LOL.
It's my money either way bro, it doesn't disappear when it goes into a 401k lol.
Brownslave688
You want a toe? I can get you a toe.
Yep. That's completely ones personal choice on what they do with their income.
If I spend $200 a week on cocaine does that mean my wage increase isn't as much as the guy that doesn't?
Just A UPS Guy
Bully.
Well, it can....
What I'm saying is that all of our raise is useable income, you only dispose some to 401k or investments if you (wisely) choose to. Average wage earners dont have that option, they have to invest a part of their income in insurance and retirement if they are to have either.
DriveInDriveOut
Inordinately Right
Which has nothing to do with their wage increase.
full circle
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