Disneyland unions agree to ‘historic’ 31% pay raise
Disneyland unions agree to ‘historic’ 31% pay raise
The pay hikes over three years are the ‘biggest wage increases ever’ for Disneyland resort employees, according to the unions.
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Huge pay raises usually make me think about how much they must have been underpaying them before it. It's like 50% off coupons. If you can sell something at 50% off and still feel like you're going to make money overall (either directly or as a loss-leader), we know your regular prices are inflated enough to just give up half sometimes.
If the company can give a 31% pay increase (granted, over 3 years), they were definitely underpaying them before and the strike threat was well-warranted.
“The “biggest wage increases ever” for Disneyland resort employees will raise hourly pay more than $6 over three years from the current $19.90 to $24 in 2024 and $26 in 2026, according to the unions.”
Realistically, this probably isn't even a pay rise but an adjustment to align with inflation since 2020.
Reminder: every year your pay does not increase with inflation is a pay cut.
"Also remember, CPI only reflects those out-of-pocket expenses. "
"it doesn’t take into account goods and services that may have been provided to consumers by, for example, the nonprofit sector and the government."
https://www.marketplace.org/2021/11/22/whats-included-in-the-consumer-price-index-and-what-isnt/
My point here is your raises should be CPI + buffer as real costs are higher.
A fun image of what's in the CPI:
Have to assume that educational bullshit name and medical bullshit name are in there twice to hide how bad it is, and that "other" hides more of both of those.
And last year you needed a ~9% raise or so.
50% off stuff is usually to clear stock for new things, often at cost price or loss. The value is in clearing shelf space.