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Wall Street Journal thinks it’s terrible

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Old 06-28-2022, 06:21 PM
  #11  
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Joined APC: Dec 2005
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Originally Posted by Web265
Don't want to post the entire thing, but a highlight that may be germane to the argument is..

"Generous as the offer may seem, the pay increase isn’t all that much higher than the consumer-price index, which last month increased 8.6% over the last year. After inflation, the 14.5% raise amounts to about a 1.6% increase over 18 months. For pilots who live in Sun Belt areas where inflation is running hotter than 10%, such as Phoenix, it’s a decline in real wages if inflation stays this hot through the next year."
This is a bad take. That’s now how CPI math works for high earners like pilots. It only works for those who make the median salary, about $55k in this country. The further from the median income that someone is, the more inaccurate the CPI is to reflect their buying power.
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