UAW president rejects Stellantis’ 21% wage increase offer
washingtonpost.com
washingtonpost.com
> The president of the United Auto Workers on Sunday rejected a public offer by Jeep parent company Stellantis to boost pay 21 percent over four years (...)
I feel that passing off "21% over 4 years" as a 21% salary increase is highly disingenuous. 21% over 4 years is an insulting 4% yearly increase, which is a slap in the face given the recent 10% inflation rate. It's a pay cut.
For perspective, in the US the inflation rate in 2021 was 4.7, and in 2022 it was 8%. And the proposal was setting in stone a below inflation salary update of 4%.