Quote:
Originally Posted by GGG
That’s alsways the challenge with these contracts. Should they make up for historical inflation or should they be relatively steady. I rather see 2.5% regardless of inflation / current economic conditions then trying to match what just happened.
From 2000-now what have their raises been like? Had it followed inflation?
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They should absolutely start at historical inflation and work up from there. For the last three years their wages were static based on the last contract. Since then their purchasing power has decreased by 13.5%. Anything less than that means a pay cut, anything more is a pay raise. As it stands with these contracts they will always be behind because they won't get any raises until the next one, so even if inflation drops to 2.5%, they are taking a pay cut of 2.5% every year until the next contract.
Steady pay is matching inflation.
Edit: So I need to clarify a little bit, I have only been going on the CRA contract which had a last economic adjustment of 1.35% in 2020. This is why I am putting all inflation together. I have been informed that some other divisions like SSO had pay grids up until this year which included their economic raises plus it sounds like a 1 time adjustment of 5% in 2021. I believe that these should be counted against inflation when looking at a steady contract - so I agree with you that a 2.5% (it looks like closer to 1.5%) for economic adjustments make sense for current contracts, and the next one should top up the difference. CRA just happens to have had nothing since 2020.
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Last edited by belsarius; 04-24-2023 at 09:44 AM.
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