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<blockquote data-quote="35years" data-source="post: 5202832" data-attributes="member: 60822"><p><strong>Copied from a Facebook thread...</strong></p><p>What a real cost of living adjustment looks like:</p><p></p><p>In August 2020 drivers made $38.44; that would be $41.96 in today’s dollars using the consumer price index (CPI). So we are already behind.</p><p></p><p>The February 2022 CPI was .08% or 9.4% annual inflation.</p><p></p><p>Using the government’s past CPI numbers, and using February’s CPI going forward…</p><p></p><p><strong>Here is what we need just to keep 2020 buying power:</strong></p><p></p><p>August 2022…$42.16</p><p></p><p>August 2023…$46.21 At contract signing</p><p></p><p>August 2024…$50.64</p><p></p><p>August 2025…$55.51</p><p></p><p>August 2026…$60.83</p><p></p><p>August 2027…$66.67</p><p></p><p>August 2028…$73.07</p><p></p><p>And before someone says that is too much, consider what management got a month ago…</p><p></p><p>1.5 MIP comes out to a yearly bonus (on top of wages) of the following:</p><p></p><p>4 months’ salary MIP for Supervisor (say $33,000)</p><p></p><p>7 month’s salary for a business manager (say $70,000)</p><p></p><p>11.8 months salary for a division manager (say $180,000)</p><p></p><p>There is also, in addition, the ownership incentive of 1 month’s salary.</p></blockquote><p></p>
[QUOTE="35years, post: 5202832, member: 60822"] [B]Copied from a Facebook thread...[/B] What a real cost of living adjustment looks like: In August 2020 drivers made $38.44; that would be $41.96 in today’s dollars using the consumer price index (CPI). So we are already behind. The February 2022 CPI was .08% or 9.4% annual inflation. Using the government’s past CPI numbers, and using February’s CPI going forward… [B]Here is what we need just to keep 2020 buying power:[/B] August 2022…$42.16 August 2023…$46.21 At contract signing August 2024…$50.64 August 2025…$55.51 August 2026…$60.83 August 2027…$66.67 August 2028…$73.07 And before someone says that is too much, consider what management got a month ago… 1.5 MIP comes out to a yearly bonus (on top of wages) of the following: 4 months’ salary MIP for Supervisor (say $33,000) 7 month’s salary for a business manager (say $70,000) 11.8 months salary for a division manager (say $180,000) There is also, in addition, the ownership incentive of 1 month’s salary. [/QUOTE]
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