this post was submitted on 13 Sep 2024
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Remember, everyone! Despite what Boeing and headlines say, THE WORKERS WERE NOT OFFERED A 25% RAISE IN GOOD FAITH.
The workers were offered a 25% raise over four years, which is actually four 6.25% raises year-on-year. This does not match inflation, and would also lock workers into below-inflation raises for the next three years, meaning that the deal would have been actively detrimental to the workers if they had accepted it. The company has a vested interest in presenting their bad deal as a "25% raise" for purpose of misinforming people who only have the time to read headlines and snippets.
Stay aware of corporate bullshit! And remember, solidarity forever!
(Feel free to steal and copy my comment onto any other posts about the Boeing strike! I don't care about being credited I care about workers!)
Slight pedantism, but a 6.25% raise compounded year over year would equate to a 27.44% raise after four years, inflation not considered. A 5.73% annual raise would equate to 25% after 4 years.
WDYM? Besides an outlier year in 2022, that is above the US average inflation rate
2020: 1.2%
2021: 4.7%
2022: 8%
2023: 4.1%
2024 (Predicted): 3%
Source
As an addendum, if you think other workers are getting after deal than you, that's a problem with your union, not theirs. Get organised, get involved, fight for what you deserve.