No you’re ignoring at worst or minimizing at best the damage done in the last three years and then saying the good has more than offset it. That is just not true. If I have been paying more for everything for 3 years now(aggregate 17%), then an 11% increase starting this past January doesn’t make me whole. In fact, when you take into account that recent monthly inflation numbers have risen, it may only be keeping me from the problem getting worse.
Okay. Let's start with that one. What percentage of workers do you think fit into the category you are listing? You really think that auto union workers didn't get enough in terms of their wages? The raise over the length of the agreement is 33%. 11% is just this year not the total raise. Here is the data on CBA recipients on wages: ANALYSIS: Unions Won Sky-High Pay Hikes in 2023 Negotiations
The way we are looking at it is 2019 vs 2023. That is how you see that the wages have offset costs. You know what people who want to fool you do? They pick the end of 2020 where wages had already shot up from low participation due to covid and competing with stimulus but before any inflation. Workers’ Paychecks Are Growing More Quickly Than Prices
Two points - inflation was global coming out of the pandemic when discussing the economy our deficit must be considered. It’s projected to be roughly $1.5T in 2024. if we pay our own way vs making our children pay for it - our taxes go up and our gov doesn’t dump as much $ into the current economy. both of which have negative impacts on growth and gdp.
So you want to minimize the point that you just lost. I see. GM has 50,000, I’m not sure about Ford and Stellantis, they are probably around 100,000 between them, so that’s 150K. Workers. The story will be the same for just about any union represented industry. But that’s just one example, there are over 3M teachers in public schools alone whose salaries have nowhere near kept up, add in Admin and support staff and your probably looking looking at over 4M people in public education. For shits and grins let’s add 1M for that for private schools. We have some college and university professors here on this board, I would be interested to hear what the increases were for 21,22,and 23 at the college and university levels. I’m sure that all public workers in local, state, federal levels have seen the same as teachers. There’s about 3M federal workers, with another 20M at the state and local government level. So here in about 5 minutes we are up to well over 30M people whose income have not kept up with inflation. I would be interested to understand how to minimize that.
Ahh, but see, you aren't making a claim about all union workers. You are making a claim about union workers locked into long-term agreements signed in 2021. I just showed you evidence of the fact that new CBAs are far outpacing inflation (with around 6-7% increases in annual wages at a time where inflation is much lower than that). University professors generally don't have collectively bargained salaries (nor do many private school teachers). Perhaps you should research your claims before making them.
Don't look now but gas prices heading quickly back towards $4/gallon...not good this early in the year.
Signing a contract has consequences. Just ask the FSU Athletic Department. But yes or no, as a whole, on average, have American salaries outpaced inflation over the four years? That answer, by all the numbers, is yes. Doesn't mean this is true for all Americans. But in any economy, there are winners and there are losers. And many states are seeing issues with things like school teachers and are responding. In Arizona, Governor Hobbs has the ability to extend a Prop passed a few years ago to address teacher pay, and she did that recently. Arizona public school teachers should see a raise between 4% and 5%, with inflation expected to be around 3% for the year. Doesn't mean not everyone is winning. But that never happens in an economy.
I didnt claim that all were in unions, I just added them into my example of the situation with union workers, there situation has been the same. But go ahead and quibble over words. In 5 minutes I just destroyed your “wages have kept up with inflation” argument and even had time to take a big dump on top of the scrap pile. Now, please explain how a new CBA with an 11% increase starting in 4Q23 or in 2024 outpaces 17% inflation since 2020, when the inflation is still going at somewhere between 3% and 7% based on which statistics are used.
We just helped our daughter buy a house last year and I started thinking about my first house. When I was her age I could find a decent place to live for a little over 2X my salary at the time. My younger workers now at her age can’t even sniff at a shithole condo for less than 3X their salaries.
Okay, but see, I can look back at your claims. Here is what you said: "Quibble over words" is a weird way to admit that you were wrong. You did no such thing. I already pointed out that collectively bargained salaries went up by more than inflation, as did overall wages. I asked for the big loser, and, thus far, you have provided nothing but guesses and some narrow example of a CBA signed in 2021 without COL increases to cover 2022 built into it. I already explained it to you. The 11% was a single year. The total increase was 33%. But I will do the math for you. As long as inflation stays under 3.26% for the next four years, on average, the real salary at the end of that agreement would be higher than in 2020, even assuming 0% growth prior to the signing of the agreement (there wasn't a 0% growth prior to that). What statistics have inflation at 7% right now? That is quite the claim, and you really should back it up with specifics or admit that you are making it up.
Last week one of the stats was showing it up .6 month over month. That’s 7.2%. Before you go off and accuse me of playing with numbers like you that is what used it as an upper bound. The last three months have been been going up, just not by that much. Is it the start of a major uptick? We don’t know but have to include the latest datapoint. As to your 33% increase, here is the practicality of how that will work. The UAW increases were over 5years; 11% first year, with 3% each in years 2-5 for Ford and Stellantis, with GM getting 5% in the fifth year. So the base increase is 25%(27% for GM) over five years. Their COLAs were all $1.78/hour, and ARPs of 5%, 10%, and 15% at the end of years 1-3 if the performance conditions are met. So we are back to 11% increase in beginning in 2024, after losing 17% buying power in 21,22,and 23, with most likely losing another 3-4% this year. In what world do you equate that to keeping pace. The COLAs will prevent further deterioration up to $1.78 an hour but do nothing to make for the 9-10% in 21-24. So they are still down by 10% at the end of 2024. If they get all of the ARPs then they might be breaking even by the end of 2028 Explain to us all again that is good?
My son made $9 an hour at Arby's in 2019 and now makes $17 at Cava cooking chicken while in school. A 91% increase. My local McDonalds area manager was in and was talking to me about wages up from $8 to $15. More proof wages outstrip inflation.
Okay, so, yes, you made it up but you only made up your upper bound. What was their increase from 2021-2023? I already did the math with that set equal to zero.
At least you stay consistent with your projections. Going out on a limb and assume you voted for Hilary Hillary Clinton says the 2016 election was ‘stolen’ from her Hillary Clinton warns 2020 Democratic candidates of 'stolen' election Hillary Clinton tells voters: Don’t let Trump steal the election, again
gotta love the city math. Anecdotal. Anecdotal. Data data. so if your son’s 91% increase in pay of $8 and works part time for 20 hours a for 4 weeks his pay increases $640. But his car insurance to get to work goes up only 33% from $2000 to $2693. $693 increase. His wages % increase outpaces the % increase in expenses…..based on your 7th grade math word problem….is your son better off ? But but but the percentage increase income outpaced expenses %, so my son is better off and just doesn’t realize it. Derp
Hilary accuse others of dirty tricks marketing not changing votes. Swift boat, Willie Horton, and a zillion accusations have been made on dirty marketing. Only the magidiots believe votes were changed and the election stolen.
