They're asking for 20% to offset recent inflation and then 5% per year until 2027[0].
Misrepresenting a cumulative 4 year increase as a single upfront one is honestly disgusting behaviour. I can only hope that GP shares the same level of disdain for the CEOs of these companies who actually received a 40% increase in their compensation over the last 4 years[0].
> Misrepresenting a cumulative 4 year increase as a single upfront one is honestly disgusting behaviour.
It's not. Even under normal conditions, central banks aim for 2% inflation per year, and a further 3% increase in wages is everything but disgusting - it's time for the workers to get back more of the profits that the megacorporations distribute to shareholders, especially as productivity increases historically have not been redistributed to the employees. Time for the latter to be compensated as well.
As sokoloff has pointed out, we don't disagree with one another. My comment was a criticism of those who portray workers' demands as a single massive increase, rather than a small yearly increase.
The truth of course is somewhat less than the headline. It's +47% over four years, and more importantly, starting pay today is effectively $10/hr less than what it was in 2007. This isn't so much a raise, as it is 20 year past due cost of living adjustment.
As far as the 32 hour per week, why not? Worker productivity has risen, it's about time we start getting that John Maynard Keynes promised 15 hours week.
