The Transit Workers' Treaty of Versailles
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It appears that the New York City transit strike is being terminated.
Which means that the strike lasted three days, and that the striking workers will therefore forfeit 6 days pay for their illegal acts, give or take.
Here are some hypotheticals: If the workers receive a 5% raise, then it will take 120 workdays for them to make up the forfeited pay.
A 6% raise would mean breakeven after 100 workdays. A 4% raise would require 150 workdays to recoup their forfeited pay.
And this of course would assume raises above and beyond whatever the transit workers would have gotten anyway had they never struck.
Taking that into consideration, perhaps increments of 1% (600 workdays to break even) or 2% (300 workdays to break even) would be better estimates.
Morons.
More thoughts at Cake or Death.
Which means that the strike lasted three days, and that the striking workers will therefore forfeit 6 days pay for their illegal acts, give or take.
Here are some hypotheticals: If the workers receive a 5% raise, then it will take 120 workdays for them to make up the forfeited pay.
A 6% raise would mean breakeven after 100 workdays. A 4% raise would require 150 workdays to recoup their forfeited pay.
And this of course would assume raises above and beyond whatever the transit workers would have gotten anyway had they never struck.
Taking that into consideration, perhaps increments of 1% (600 workdays to break even) or 2% (300 workdays to break even) would be better estimates.
Morons.
More thoughts at Cake or Death.
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Posted by Kip on
22 December 2005
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