cross-posted from: https://lemmy.world/post/21648625
From the article:
Unionized machinists at Boeing voted Monday to accept a contract offer and end their strike after more than seven weeks.
Leaders of the International Association of Machinists and Aerospace Workers district in Seattle said 59% of members who cast ballots agreed to approve the company’s fourth formal offer and the third put to a vote. The deal includes pay raises of 38% over four years, and ratification and productivity bonuses.
However, Boeing refused to meet strikers’ demand to restore a company pension plan that was frozen nearly a decade ago.
The average annual pay of Boeing machinists is currently $75,608 and eventually will rise to $119,309 under the new contract, according to the company.
I suspect the 38% is roughly cut into 9.5% a year.
Which also brings up the fact that annual inflation still applies, so realistically it’s more like 6.5% increases. Since annual inflation is usually around 3% or so.
If you’re not getting about a 3% “raise” each year, you’re getting paid less than you were.
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