If the strike lasts through the week folks will have lost 10% of this year’s income. That’s hard to make up.
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What is the hourly rate for CP managers working 12hrs/6 days a week? Most aren’t getting paid OT. That’s got to be brutal, at least techs get OT. Bargained will make their money back so fast and go home each night instead of a hotel room. Here’s to hoping it ends this week.
Paid OT trumps non paid CP OT work anytime. Let’s get the union back to work, missing my family and despite the few who say they like it, most of us are ready to RTO because this su-ks! Glad we are only doing abbreviated assignments and much respect to the techs.
It can always be worse. At least it’s not11 pct.
they've actually missed only one paycheck so far.
This is misleading. It's not in terms of paychecks; those are paid in arrears anyways. OP was right; it's pretty simple math. 5 weeks out = 5 weeks of lost pay. 5 weeks / 52 weeks a year = 9.6% of your annual base pay. I'm sure some will make it up with overtime, but you gotta work extra hours for that. Any time on strike still represents a real loss to your overall income.
“ Math may be absolute, but statistics are not.”
True spin doctor here. You would be good in politics. Not matter how you look at it you are starting your fifth week without pay. Sure you may have only missed one check so far but that one was short, the next will be nil, and the one after that will depend on when you come back to work.
Keep in mind they are getting $300/week from the union for being on strike. If they end up with an extra 3% per year it will make up the difference. When new agreement is ratified they will get back pay to August 3rd when contract expired. Yes, it’s a gamble but they believe it will work out.
its actually 7.6% but maf is hard.
Original post includes important qualifier: If the strike lasts through the week
Today is day 31. Friday will be day 36. (Actually counting 8/16)
However, numbers can say what you want them to. On Friday, union will have missed 10% of the year--not all are work days for everyone. 10% of income? Probably not. If they got a paycheck 8/30, and get one every 2 weeks, they've actually missed only one paycheck so far. So not 10%.
Math may be absolute, but statistics are not.
True, but don’t forget we all work from January, February, and March just for the government. If you include all the other taxes we pay on purchases, our property, and others, it’s more like Jan through June. Now they gave up July.
Hey, there’s always 5 months left all for you.
Good points, especially if all those take backs were in the final offer. However a lot of people don’t worry about years or decades from now when your car payment is due and you can’t make it. Or with school recently starting folks have put a lot of those costs on credit cards they can’t pay. If this lasts much longer credit ratings will be hit which is a long term negative also.
The healthcare regressive proposals make that chicken feed in addition to all the other regressive proposals before the ULP. One has to calculate the compensation package as a whole going forward for years or decades. Ask any manager about MR75 loss, pension loss, retiree healthcare loss, PTO loss, policy change from 3 months off payroll to 2 weeks, no longer given stocks, no promotion or level increases, etc.. if that has any impact on their compensation. Those benefits aren’t coming back, calculate that.
This attempt to calculate short term losses is juvenile, the real value is in the long term and no concessions on current benefits.
They will never make it up. It will get worse when they lose their benefits
True. 52 weeks and starting on week 5 so not really 10%. Assuming you figured in the extra day because this is a leap year with an extra day. Sure all the folks who are looking at their 3rd paycheck being gone appreciate the accuracy.
its actually 7.6% but maf is hard.