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How Bad Will Peak Be?
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<blockquote data-quote="bacha29" data-source="post: 5030846" data-attributes="member: 58386"><p>Sure, current labor market conditions would support higher wages. However, while no one can accurately predict the life span of these conditions when it comes to how long they will last If you noticed quite a number of wage bump ups come with a caveat. Many are strictly conditional and temporary. A fact that has been fully disclosed. In fact it has been widely mention on this site that hub and terminal wage increases are in fact conditional and temporary and some as has been noted here have a definite end date. </p><p></p><p>If you're lucky enough to be in a union shop that wage can't go down any lower than what was already contractually agreed to unless both sides agree to reopen the contract.</p><p></p><p>In Fat Freddy's little "workers paradise" given the current pressure on earnings there's no telling how far wages could retreat.</p></blockquote><p></p>
[QUOTE="bacha29, post: 5030846, member: 58386"] Sure, current labor market conditions would support higher wages. However, while no one can accurately predict the life span of these conditions when it comes to how long they will last If you noticed quite a number of wage bump ups come with a caveat. Many are strictly conditional and temporary. A fact that has been fully disclosed. In fact it has been widely mention on this site that hub and terminal wage increases are in fact conditional and temporary and some as has been noted here have a definite end date. If you're lucky enough to be in a union shop that wage can't go down any lower than what was already contractually agreed to unless both sides agree to reopen the contract. In Fat Freddy's little "workers paradise" given the current pressure on earnings there's no telling how far wages could retreat. [/QUOTE]
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