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Not quite sure why people here are that happy about it. If I understand this correctly then this isn’t even enough to cover current inflation, removes their right to strike for the next 6 years, has no hours-reduction, has no single payment to cover the past inflation. I don’t see how this is a win for workers. This seems like a huge win for the companies considering what else would have been possible.
To them it's a huge loss compared to what would've happened without the union - max 5% annual raises, if that.
That's like Netflix telling you "hey we didn't raise our prices enough to keep up with inflation, we'll now charge you for last 5 year's inflation in a single payment"
It won't fly because it wasn't in the original contract.
Normally I'd agree with you that this sucks, but aren't they hourly? Hours reduction means pay reduction. If I was hourly, I'd want the ability to work more hours (AND obviously a higher hourly rate to begin with)
You're talking about this like this isn't a huge win for these workers, but that's just not true. Yeah there's been bad inflation, but minimum, mean and median wages have NOT increased nearly as fast as they should. Hell the minimum in the US has been unchanged for decades. And plenty of people still make minimum (or less in tipped jobs).
Now we just need more sectors to form unions, and strike successfully. In more countries than just the US. Here in EU we make less in tech than longshoremen do in the US whereas in the US, tech salaries are nearly uncapped. Unions could help. And obviously unions in the less well-paid industries are even more important.
Who cares what these companies think is and isn't fair? They created this inflation for the past years, they pay for it. And besides that, why do workers need to adhere to a past contract in their current demands? Continuing the strike for a one-time inflation-payment would have been the right choice for the workers, so the union should have done so.
Why does it need to be one or the other? That's what capitalists want you to think. Why can't it be an hour reduction and a pay increase together? That's something that would be great for everyone. Only increasing pay or only decreasing hours is always going to split workers based on their current economic standing. Doing both not only strengthens all the workers, it also positively affects their companionship.
So because the minimum, mean and median wages have NOT increased nearly as fast as they should, we should… checks notes… not fight for better pay?