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<blockquote data-quote="Ricochet1a" data-source="post: 1179085" data-attributes="member: 22880"><p>I checked your numbers for inflation - and they are pretty damn close. So the only 'technical' argument would be how many hours you worked in 1986 and how many hours you would work this year. </p><p></p><p>A better comparison would be to compare your hourly wage rate of 1986 to your current. </p><p></p><p>You also need to factor in the loss of the pension plan, the deterioration of the health insurance and the loss of profit sharing and other incentives. </p><p></p><p>So after all of this, it would be SAFE to say, that after 27 years with Express, you are currently being compensated at a level LESS than you were in your very first year as a full-time employee. </p><p></p><p>And the 'sheep' are too damn scared to do anything about it.... </p><p></p><p>That's wage slavery, pure and simple. </p><p></p><p>The stock in 1986 was in the mid $60 range for most of the year, BUT that stock underwent two 2 for 1 splits (in 96 and 99). So an 'adjusted' stock price of $14.75 as you quote for 1986 is correct - taking into effect the stock splits. </p><p></p><p>Back in the 80's and early 90's, Federal Express was a good deal. Something happened in the late 90's which was sprung on Express without the employees really recognizing what was happening. It has been slow, deliberate and methodical. They still have a way to go until they get where they really want. </p><p></p><p>And the sheep still are too afraid to do something about the situation - they are too afraid of losing what they have, in order to get what they are worth. </p><p></p><p></p></blockquote><p></p>
[QUOTE="Ricochet1a, post: 1179085, member: 22880"] I checked your numbers for inflation - and they are pretty damn close. So the only 'technical' argument would be how many hours you worked in 1986 and how many hours you would work this year. A better comparison would be to compare your hourly wage rate of 1986 to your current. You also need to factor in the loss of the pension plan, the deterioration of the health insurance and the loss of profit sharing and other incentives. So after all of this, it would be SAFE to say, that after 27 years with Express, you are currently being compensated at a level LESS than you were in your very first year as a full-time employee. And the 'sheep' are too damn scared to do anything about it.... That's wage slavery, pure and simple. The stock in 1986 was in the mid $60 range for most of the year, BUT that stock underwent two 2 for 1 splits (in 96 and 99). So an 'adjusted' stock price of $14.75 as you quote for 1986 is correct - taking into effect the stock splits. Back in the 80's and early 90's, Federal Express was a good deal. Something happened in the late 90's which was sprung on Express without the employees really recognizing what was happening. It has been slow, deliberate and methodical. They still have a way to go until they get where they really want. And the sheep still are too afraid to do something about the situation - they are too afraid of losing what they have, in order to get what they are worth. [/QUOTE]
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