ILA Dockworkers port strike ends, wins 62% wage increase over 6 years.
ILA Dockworkers port strike ends, wins 62% wage increase over 6 years.
That would raise average wages to about $63 an hour from $39 an hour over the life of the contract.
The union and the port operators said in a statement that they would extend their master contract until Jan. 15, 2025 to return to the bargaining table to negotiate all outstanding issues.
https://xcancel.com/MorePerfectUS/status/1841973125996585431
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God damn 10% raises every year for 6 years? That's fucking sick.
It's 8% raise every year.
1.615^(1/6) ~ 1.083
ah falling short of inflation then
There won't be 8% inflation yearly for the following 6 years unless another extreme geopolitical event unfolds
Chuckling off stage right. Sounds like Israel.
There are decades where weeks happen, and there are weeks where decades happen. And the former means stagnation of purchase power and the latter means inflation lol
I think it's less likely a major geopolitical event DOESN'T happen
We're at that moment of history aren't we?