4 ms·
A 2.5% annual wage increase doesn't even cover inflation over the past few years. That is a complete non-starter.
by MisterBastahrd 2y ago
A 2.5% annual wage increase doesn't even cover inflation over the past few years. That is a complete non-starter.
- zdragnar 2y agoFront line hospitality workers are pretty much the only ones to do that, and that's only because they were making so little to start with. Anyone expecting their salaries to get a raise to make up for the 2022 inflation are in for a rude surprise.
- ElevenLathe 2y agoThe longshoremen managed it.
- zdragnar 2y agoIf my understanding is correct, they haven't yet. The raise is spread out evenly over 6 years, so it'll probably be at least 3 years before they return to pre-pandemic purchasing power. Still quite extraordinary, though I'm not sure how long they had already been at their current rates, so maybe less impressive? Not really sure.