UPS LATEST PROPOSAL

Just A UPS Guy

Just A UPS Guy

Bully.
ManInBrown said:
Apparently the company offered $2.85 over the life of the 5 year contract. My question is, why did the teamsters and O’Brien say that the company made a significant increase when they agreed to go back to the table? Said it wasn’t enough but they moved and they made a significant increase. Why say that if the numbers floated a week or two ago where it was $.50 per year in split raises, and they moved to $2.85? That’s a significant increase?
Click to expand...
$.55 x 3 + $.60 x 2 = $2.85.

That was their first offer, allegedly. Then they came back with "significant movement," but we don't know yet what they came back with.
 
M

ManInBrown

Well-Known Member
Just A UPS Guy said:
$.55 x 3 + $.60 x 2 = $2.85.

That was their first offer, allegedly. Then they came back with "significant movement," but we don't know yet what they came back with.
Click to expand...
ok my bad, so the original numbers were $2.85. Got it. I’m seeing things today where when negotiations broke off it was $2.85. Got it. I’m deleting that post.

Theres a video on twitter where Jamaal Bowman who is a NY politician is outside a building in Mount Vernon with workers doing practice picketing, he makes a few comments, and then someone else who I am presuming is a local official says the company offered $2.85, and that video is from this morning.
 
A

anonymous23456

Well-Known Member
Salary%20increase%20budget%20for%202020_blog_chart1.png
 
A

anonymous23456

Well-Known Member
Why is overall wage growth still below prerecession rates and how is this related to salary budgets and structures?

The expansion of the past decade is characterized by a tightening labor market but relatively slow economic growth and weak price inflation. The tightening labor market has a strong impact on the wages of new hires, which have been accelerating rapidly in recent years.

However, wage increases for new hires are not typically included in salary increase budgets. This means that with almost no acceleration in salary budgets and structures, wage growth for existing workers has remained modest, reducing overall wage growth.

In addition, in some companies, salary increase budgets generally do not include promotional increases or market adjustments, including large adjustments to comply with rapidly rising minimum wage laws in recent years.

Salary structure movements and salary increase budgets may be more affected by cost of living adjustments than by labor market conditions, and, in the past decade, inflation has remained more muted than at any time since the 1960s. It has been documented that when inflation declines, a smaller share of workers receive cost of living adjustments. This may also explain why the share of job stayers (workers who stayed in their jobs over the past 12 months) with no change in wages over the past 12 months, has been well above historical rates over the past decade
 
catstalking

catstalking

ie qt
anonymous23456 said:
Why is overall wage growth still below prerecession rates and how is this related to salary budgets and structures?

The expansion of the past decade is characterized by a tightening labor market but relatively slow economic growth and weak price inflation. The tightening labor market has a strong impact on the wages of new hires, which have been accelerating rapidly in recent years.

However, wage increases for new hires are not typically included in salary increase budgets. This means that with almost no acceleration in salary budgets and structures, wage growth for existing workers has remained modest, reducing overall wage growth.

In addition, in some companies, salary increase budgets generally do not include promotional increases or market adjustments, including large adjustments to comply with rapidly rising minimum wage laws in recent years.

Salary structure movements and salary increase budgets may be more affected by cost of living adjustments than by labor market conditions, and, in the past decade, inflation has remained more muted than at any time since the 1960s. It has been documented that when inflation declines, a smaller share of workers receive cost of living adjustments. This may also explain why the share of job stayers (workers who stayed in their jobs over the past 12 months) with no change in wages over the past 12 months, has been well above historical rates over the past decade
Click to expand...
thanks anonGPT
 

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