Headline inflation just came in at 4.2% YoY. As I mentioned before the government has massive incentive to understate inflation so you can bet your ass real inflation is north of 10%. Lucky for us, the Fed assures us its only "transitory" /s. But hey, at least we got those sweet 1.6% raises locked in for the next 6 years!
Transitory lol. That implies that all these prices will go back down to 2019 level when this is all done. That has basically never happened once, ever. Also “this” will not be done for another several years.
Not disagreeing with anything you say, but going from April of last year to April of this year for inflation is pretty misleading
Cool but NATCA should try to increase the raises they have control over. Instead of pimping things the whole fed workforce gets
They should get creative with the schedule. Working 40 hours to just work 40 hours is so old school. More flexible schedules is here in a lot of fields
How about let's just cherry pick the last 3 months then. Feb was 0.4%, March was 0.6%, and April was 0.8%. That right there is enough to offset any raise and inflation is accelerating. There's shortages of everything out there, and surpluses of freshly printed dollars resulting in rising prices across the board. Not to mention labor shortages as a result of paying people to stay home. Everyone says "Oh well if employers just paid them more they wouldn't have this problem" but where does the money come from to do so? If they try to pay more to compete with the governments unlimited money printer, they'll have to raise prices to compensate, further inflating consumer prices faster and faster. And no, prices don't deflate.... find me the last year when the cpi was negative. I don't even think you'd be able to cherry pick me any 12 consecutive months of your choosing where prices fell. That's by design. God forbid living got any cheaper for the savers, then the spenders wouldn't be able to inflate away their debts. The point is, natca has no idea what inflation is going to be in the future, but just locked in a measly 1.6% raise for the next 6 years which is assuredly going to bite us in the ass when inflation as measure by the government is running 5% YoY. Let me ask you this... would you lend money to the government for 10 years at 1.6% interest? The answer is NO! You'd have to be an idiot to do so. But that's what yields on the 10y bond are because the country can't afford anything higher so the fed has to buy T bills at an ever faster pace to try to artificially suppress interest rates. They can not let yields rise to fend off inflation so they have to pretend it isn't there and everything is fine because if interest rates go up, the entire economy as we know it collapses overnight. So yeah, keep thinking inflation is going to slow down any time soon...
Ya they took a bunch of money out of all the trainees pockets and They don’t communicate about anything.
They communicated plenty. Non-essential personnel were not needed for the operation. Cry more about it. Go run for a union office instead of crying like a fucking baby day in and day out. You werent useful so you werent brought in. You got a free paycheck for doing nothing.
Lol not one mention that they were working on extending this contract till it was done.
Lol if you don't understand macroeconomics and the fact that the "offical" stats you posted are complete horseshit and disingenuous the representation of the actual rate of inflation by design then just say that. But you have the right to believe whatever you want, I hope it works out for you.
Taking a six-year contract and extending it for another four years is not a little thing, like at all. I wouldn't have expected them to put it to a membership vote but a heads-up that we're increasing the length by 67% wouldn't be out of line, I feel...
