twoweeled
Well-Known Member
Running the IBT isn't cheap.
Prior to the "Blue Ribbon Commission" approving the increase, the IBT was still
functioning on a formula that had existed from the 50's and 60's ??
It wasn't financially viable, to continue that way.
-Bug-
You obviously keep up on this a lot more than I do, I admit. But if that formula from the 50 and 60's was based on a percentage of our wages - then it should have been financially viable, had the IBT kept our raises level with the rate of inflation. If the IBT was unable to sustain itself on the same percentage of our wages, then it's obvious the IBT wasn't negotiating very good raises. All this is assuming, the formula you speak of, is based receiving a percentage of our wages?
I think if we think back to the 60's and 70's, we were getting unbelievable raises (compared to what we get now). That would explain why the IBT was fine then, and not now. We the hourly were fine then, and not so fine now either.