Cost Of Living Raise

[govols019]

I don’t care about what might have happened,the government needs to stay out of bailing out private companies with tax payer money.....period

Since the government was involved in causing our pension crisis, it stands to reason they should be involved in solving the problem.

Educate yourself.

 

[charm299]

Since the government was involved in causing our pension crisis, it stands to reason they should be involved in solving the problem.

Educate yourself.

Okay, explain this to me

 

[Wally]

Corn prices way up.

 

[PT Car Washer]

Corn prices way up.

Good news.

 

[Wally]

Good news.

For higher prices including gasoline.

 

[cachmeifucan]

What is inflation at this years. I remember we got 12 cents. For cola

 

[I have been lurking]

For higher prices including gasoline.

And less HFCS poision. Now go whine about a billboard some more

 

[PT Car Washer]

For higher prices including gasoline.

What is good for the farmers is good for main street.

 

[PT Car Washer]

For higher prices including gasoline.

Gasoline is not made from corn.

 

[Wally]

Gasoline is not made from corn.

I wish it wasn't. Where I am, 10 percent is corn.

 

[rod]

Lumber prices are crazy right now. I bought 6x6 treated posts 6 months ago for $58 each. They are $108 now. Funny thing is, timber prices are super low. Landowners get nothing to have theirs cut.

I saw a show on tv the other day that explained who is getting rich off of high lumber prices. Surprisingly it wasn't Home Depot or Lowes or any of a dozen the other entities who deal with timber. The bottom line is there are only 4 LARGE companies that are raking in billions of dollars in profit from high lumber prices. They are the 4 top lumber companies in America. Werehauser, Georgia Pacific and 2 more I can't think of right now.

 

[charm299]

I saw a show on tv the other day that explained who is getting rich off of high lumber prices. Surprisingly it wasn't Home Depot or Lowes or any of a dozen the other entities who deal with timber. The bottom line is there are only 4 LARGE companies that are raking in billions of dollars in profit from high lumber prices. They are the 4 top lumber companies in America. Werehauser, Georgia Pacific and 2 more I can't think of right now.

The other 2 are Walmart and amazon

 

[R. Mutt]

So, we won't know until next month, but, from my understanding of the contract, we should most likely be guaranteed a COLA raise this year.

Of 5¢ an hour.

Article 33 maintains that we receive a 1¢/hour raise for every 0.2% increase in the difference between the "Consumer Price Index for Urban Wage Earners and Clerical Workers" or CPI-W Index from May of the previous year to May of the current year--AFTER factoring in a base increase of 3%--and ONLY applicable if the raise is greater than or equal to 5¢. This means that the article is only really relevant if we have a minimum of 4% inflation or greater (as measured by the aforementioned "Index") in any year between May and May, which hasn't happened for quite a while.

I went ahead and checked the Department of Labor's website and from a quick run of their site's calculator between April and April we should hit 4% inflation and trigger the nickel raise.

tl;dr: Even with Article 33 being as awful as it is inflation is bad enough for it to actually kick in.

 

[Wally]

Inflation speeds up in April as consumer prices leap 4.2%, fastest since 2008

The Consumer Price Index rise for April from a year earlier was the sharpest since September 2008.

www.cnbc.com

 

[Wally]

BlackRock CEO Larry Fink Sees Potential for ‘Big Shock’ From Inflation By Bloomberg

BlackRock CEO Larry Fink Sees Potential for ‘Big Shock’ From Inflation

m.investing.com

 

[meritocracy]

So, we won't know until next month, but, from my understanding of the contract, we should most likely be guaranteed a COLA raise this year.

Of 5¢ an hour.

Article 33 maintains that we receive a 1¢/hour raise for every 0.2% increase in the difference between the "Consumer Price Index for Urban Wage Earners and Clerical Workers" or CPI-W Index from May of the previous year to May of the current year--AFTER factoring in a base increase of 3%--and ONLY applicable if the raise is greater than or equal to 5¢. This means that the article is only really relevant if we have a minimum of 4% inflation or greater (as measured by the aforementioned "Index") in any year between May and May, which hasn't happened for quite a while.

I went ahead and checked the Department of Labor's website and from a quick run of their site's calculator between April and April we should hit 4% inflation and trigger the nickel raise.

tl;dr: Even with Article 33 being as awful as it is inflation is bad enough for it to actually kick in.

Here's a helpful chart:

Consumer Price Index for All Urban Wage Earners and Clerical Workers: All Items in U.S. City Average | FRED | St. Louis Fed

View data of the CPI, or an inflation measure derived from tracking the changes in the weighted-average price of a basket of common goods and services.

fred.stlouisfed.org

4.69% as of April 2021. We should get the May 2021 % increase data in a couple of weeks. If the trend holds, we'll get at least a $0.08/hr COLA.

 

[Wally]

So, we won't know until next month, but, from my understanding of the contract, we should most likely be guaranteed a COLA raise this year.

Of 5¢ an hour.

Article 33 maintains that we receive a 1¢/hour raise for every 0.2% increase in the difference between the "Consumer Price Index for Urban Wage Earners and Clerical Workers" or CPI-W Index from May of the previous year to May of the current year--AFTER factoring in a base increase of 3%--and ONLY applicable if the raise is greater than or equal to 5¢. This means that the article is only really relevant if we have a minimum of 4% inflation or greater (as measured by the aforementioned "Index") in any year between May and May, which hasn't happened for quite a while.

I went ahead and checked the Department of Labor's website and from a quick run of their site's calculator between April and April we should hit 4% inflation and trigger the nickel raise.

tl;dr: Even with Article 33 being as awful as it is inflation is bad enough for it to actually kick in.

How does our cola deal compare to other unions?

 

[FAVREFAN]

So, we won't know until next month, but, from my understanding of the contract, we should most likely be guaranteed a COLA raise this year.

Of 5¢ an hour.

Article 33 maintains that we receive a 1¢/hour raise for every 0.2% increase in the difference between the "Consumer Price Index for Urban Wage Earners and Clerical Workers" or CPI-W Index from May of the previous year to May of the current year--AFTER factoring in a base increase of 3%--and ONLY applicable if the raise is greater than or equal to 5¢. This means that the article is only really relevant if we have a minimum of 4% inflation or greater (as measured by the aforementioned "Index") in any year between May and May, which hasn't happened for quite a while.

I went ahead and checked the Department of Labor's website and from a quick run of their site's calculator between April and April we should hit 4% inflation and trigger the nickel raise.

tl;dr: Even with Article 33 being as awful as it is inflation is bad enough for it to actually kick in.

Good info, thanks.

 

[FAVREFAN]

Here's a helpful chart:

Consumer Price Index for All Urban Wage Earners and Clerical Workers: All Items in U.S. City Average | FRED | St. Louis Fed

View data of the CPI, or an inflation measure derived from tracking the changes in the weighted-average price of a basket of common goods and services.

fred.stlouisfed.org

4.69% as of April 2021. We should get the May 2021 % increase data in a couple of weeks. If the trend holds, we'll get at least a $0.08/hr COLA.

Great info, thanks.

 

[FAVREFAN]

"The Consumer Price Index for May 2021 is scheduled to be released on Thursday, June 10, 2021 at 8:30 a.m. (ET)."