Normal
Tell that to the 18,500 people that don't have a job anymore. According to (I think it was) the Washington Post the latest deal was a 8% reduction in pay, 17% increase in health benefits, and the payments to the pension plan would be reduced from $100 million to $25 million per year (people seriously still expect pensions? ). The place I'd worked at before my current job cut all our salaries by 10% during the 08 bust. Was I happy? No, of course not, however I'd rather make 10% less than be unemployed. Oh and the baker's union that was responsible for this, only represented ~5,000 of those 18,500 employees.
Tell that to the 18,500 people that don't have a job anymore. According to (I think it was) the Washington Post the latest deal was a 8% reduction in pay, 17% increase in health benefits, and the payments to the pension plan would be reduced from $100 million to $25 million per year (people seriously still expect pensions? ).
The place I'd worked at before my current job cut all our salaries by 10% during the 08 bust. Was I happy? No, of course not, however I'd rather make 10% less than be unemployed.
Oh and the baker's union that was responsible for this, only represented ~5,000 of those 18,500 employees.
