Costco workers in Norfolk have unionised and Costco are seething.
this post was submitted on 31 Dec 2023
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I didn't change the premise, we're talking about work so you need to look long term not just over two years. That's 3%/year if you keep the same job from the beginning of your career to the end of it, that means getting 3% even during the years where inflation is under 2%, which people don't take into consideration since it the last few years are fresh in their memory and it makes 3% seem like a bad deal.
As I mentioned a guaranteed 3% would be better than most collective agreements. I've been under 6 of 7 of them with 3 different major employers and most times when inflation was normal our raises were at 2% or even a bit under that.
We haven't taken the seniority pay rate increases into consideration either, only the employees at the max step would be at 3%/year max.