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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Their pay increases over the last decade have been right at the level of inflation (about 2% a year on average). So I don't think 4.5% a year for 2021, 2022, and 2023 is out of line given the CPI increases in those years:
2021: 4.8%
2022: 6.3%
2023: ~3% range probably?