this post was submitted on 24 Sep 2024
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8% is significantly over publish inflation. There was one year (2?) where it got that bad but it is now mch lower instead.
Yes, but their raises haven't kept pace with inflation for like 40y. Currently many of them could make as much or more flipping burgers. They deserve proper pay. Boeing did FAFO by trying to outsource and they are in the FO part where the union has power now that outsourcing has proven to be non-viable.
I do think all contracts should index to inflation. But I'm not in the union to nobody cares what I think.
I think some economists would blow a gasket at that thought, since limiting spending power is the best way of controlling inflation without hurting the big fortunes.
https://www.nerdwallet.com/article/finance/price-of-food
Food Prices Rose 28% In 5 Years. Here’s Why