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<blockquote data-quote="JonFrum" data-source="post: 399012"><p>I agree "bad data often gets posted here," but I don't see what's bad about <strong>jware's</strong> post.</p><p></p><p>Normally, there is no need for a Cost-of-Living formula in the first year of a contract because the cost of living is known to the negotiators while they are negotiating the Year One raise. In effect, the cost-of-living raise is built in to the Year One raise. But no one can know what the cost-of-living will be in Year Two, Three, Four etc., so a formula is inserted to automatically augument future raises with a cost-of-living adjustment.</p><p></p><p>The last raise of the previous contract was ONE DOLLAR. ($1.20 for certain part-timers.) One would expect the first raise of this new contract would be more that that to begin with, AND would include and additional amount to deal with current inflation. Maybe A DOLLAR THIRTY-FIVE or so. Instead, that was negotiated away, (as was the part-timer's "catch-up" raises,) and we got just THIRTY-FIVE CENTS on August 1, 2008.</p></blockquote><p></p>
[QUOTE="JonFrum, post: 399012"] I agree "bad data often gets posted here," but I don't see what's bad about [b]jware's[/b] post. Normally, there is no need for a Cost-of-Living formula in the first year of a contract because the cost of living is known to the negotiators while they are negotiating the Year One raise. In effect, the cost-of-living raise is built in to the Year One raise. But no one can know what the cost-of-living will be in Year Two, Three, Four etc., so a formula is inserted to automatically augument future raises with a cost-of-living adjustment. The last raise of the previous contract was ONE DOLLAR. ($1.20 for certain part-timers.) One would expect the first raise of this new contract would be more that that to begin with, AND would include and additional amount to deal with current inflation. Maybe A DOLLAR THIRTY-FIVE or so. Instead, that was negotiated away, (as was the part-timer's "catch-up" raises,) and we got just THIRTY-FIVE CENTS on August 1, 2008. [/QUOTE]
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