this post was submitted on 22 Nov 2023
659 points (98.5% liked)

News

23301 readers
3575 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
 

Nearly 900,000 Americans sitting down to Thanksgiving dinner this week will have unions – and the double-digit pay increases they won – to thank.

That’s how many unionized workers have won immediate pay hikes of 10% or more in just the last year, according to an analysis by CNN.

And the pace of increases of that size have been picking up. More than 700,000 of those workers won pay hikes over the course of the last six months, and of that group, nearly 300,000 saw deals reached in just the last six weeks.

“I would say this is the best run of wage increases won by labor since the period right after the end of World War II,” said Art Wheaton, director of labor studies at Cornell University’s School of Industrial and Labor Relations in Buffalo.

you are viewing a single comment's thread
view the rest of the comments
[–] bitwise@kbin.social 5 points 1 year ago (15 children)

Maybe I'm becoming too cynical, but the raises these unions have been settling on don't really cover inflation over the periods where they received no increase.
These articles just feel like the media wings of these megacorps are trying to stroke our egos. "Yes, so much bargaining power!"

I can't find the article I'm thinking of where someone used a bunch of privately sourced data to peg the average annual inflation at 7%, but this article shows how economists don't even agree on what metrics to measure for calculating inflation.

https://www.investopedia.com/articles/07/consumerpriceindex.asp

[–] SCB@lemmy.world 4 points 1 year ago (3 children)

I can’t find the article I’m thinking of where someone used a bunch of privately sourced data to peg the average annual inflation at 7%

This is definitely not accurate. 7% compounding inflation every year is significantly more purchasing power lost than anything we've seen.

[–] optissima@lemmy.ml 2 points 1 year ago (1 children)

Only takes 12 years for cost to double like that, right?

[–] SCB@lemmy.world 1 points 1 year ago (1 children)

By the "rule of 72" it's doubling a little over every 10 years.

[–] optissima@lemmy.ml 2 points 1 year ago* (last edited 1 year ago)

That's what I'm thinking of, ty

load more comments (1 replies)
load more comments (12 replies)