Contract Prediction

[CoolStoryBro]

$36.19 an hour is $46.33 in 10 years at 2.5% inflation.$1 per year

$36.19 with your $.75 raises is $43.69....1.9%

$44.55 using 2.1% inflation. I think that is fair.

First raise on Aug 1 2018 not 2019. And No split raises.

I make $36.90 an hour. My local has never skipped a raise.

85 cents a year would keep us at par with inflation for the next 10 years (assuming 2.1 percent inflation).

((36.9*(1.021)^10))-36.9)/10 = .8523

I don't want 75 cents. I'll take 85 cents a year.

 

[1989]

I make $36.90 an hour. My local has never skipped a raise.

85 cents a year would keep us at par with inflation for the next 10 years (assuming 2.1 percent inflation).

((36.9*(1.021)^10))-36.9)/10 = .8523

I don't want 75 cents. I'll take 85 cents a year.

.85 seems a little low...if that’s the bar, .75 and .85 is the same thing.

 

[rudy5150]

My prediction is they will be giving all the extra money to the part timers this contract, the full timers are going to be very disappointed.

 

[1989]

My prediction is they will be giving all the extra money to the part timers this contract, the full timers are going to be very disappointed.

Im good with that.. insurance after 90 days.... take pension away for 1 year for added cash.

 

[brown_trousers]

You should be hoping that progression is reduced. But most FT Union members would not vote for it because "does not affect me".

Yep, people only vote for their own interests. Full time drivers will base their votes on driving issues, combo workers will base their vote on combo issues. Central states will base their vote on pension stuff.

 

[Maple Grove MN Driver]

My prediction is they will be giving all the extra money to the part timers this contract, the full timers are going to be very disappointed.

What is this extra money you speak of?

 

[brown_trousers]

.85 seems a little low...if that’s the bar, .75 and .85 is the same thing.

Its funny how UPS gets us squabbling over a few cents in our raise, meanwhile they are slowly dismantling our healthcare while no one takes notice.

 

[Wally]

I agree because too many members only vote for what is good for themselves.

Not true. Part timers don't vote, screwing themselves.

 

[Wally]

Its funny how UPS gets us squabbling over a few cents in our raise, meanwhile they are slowly dismantling our healthcare while no one takes notice.

How? They don't control that, the union does.

 

[35years]

Just extend this contract 10 more years. 75 cents a year raise. I can dig it.

First you say 75 then 85

I make $36.90 an hour. My local has never skipped a raise.

85 cents a year would keep us at par with inflation for the next 10 years (assuming 2.1 percent inflation).

((36.9*(1.021)^10))-36.9)/10 = .8523

I don't want 75 cents. I'll take 85 cents a year.

The math is not quite that simple.
Each year you build off of the raise from the prior year.
Kind of like compound interest...
So $.85 a year for 5 years would be OK ; but for 10 years not so much.

Here is an online calculator
Best Inflation Calculator (2018) - Historical & Future Value | SmartAsset.com

Use 2017 as your starting year because otherwise we get no raise for 2018 in the calculation.
$36.90 is worth $46.51 in 2028 at 2.1% inflation.

 

[Wally]

 

[rudy5150]

What is this extra money you speak of?

The tax break they just received

 

[brown_trousers]

How? They don't control that, the union does.

The union doesnt pay for our healthcare. Its negotiated. Do you really think that small amount of union dues we pay every month could afford such healthcare?

 

[Heavy Package]

I'll take 85 cents a year.

Here's where you can take your pay raise then....

 

[Brownslave688]

$36.19 an hour is $46.33 in 10 years at 2.5% inflation.$1 per year

$36.19 with your $.75 raises is $43.69....1.9%

$44.55 using 2.1% inflation. I think that is fair.

First raise on Aug 1 2018 not 2019. And No split raises.

That awful optimistic inflation. Eventually inflation and all that free money is gonna hit hard.

 

[Brownslave688]

The union doesnt pay for our healthcare. Its negotiated. Do you really think that small amount of union dues we pay every month could afford such healthcare?

The union controls what is done with that healthcare money though.


Smh

 

[MyTripisCut]

The union controls what is done with that healthcare money though.


Smh

Right. And for a lot of us, it’s less than what the company did with that money. More and more co pays seem to be coming up.

 

[rod]

I predict you still won't be allowed to grow beards randomly.

 

[eats packages]

That awful optimistic inflation. Eventually inflation and all that free money is gonna hit hard.

In a market where the word "blockchain" increases stock prices just because the word was introduced... You betcha there are massive bubbles in the market from tech to renovated home rentals that will blow up into a recession at some point soon.

 

[Two Tokes]

Just extend this contract 10 more years. 75 cents a year raise. I can dig it.

CoolStoryBro