TWU informer said:
20 YEARS OF CONCESSIONS IN PAY ALONE.
ADD IN THE BENEFIT AND WORK RULE CONCESSION AND WHAT DO YOU GET?
ANSWER: A DOCILE UNION
Nice chart.
But the lower right corner has a note that says: "assumes 3% CPI from 2002 til 2003"
CPI is the Consumer Price
Index. I think the chart means average percentage
increase in the CPI. That would be average annual
inflation rate.
Isn't the average inflation rate for 200-2003 more like 1.57% ?
And 2.21% for 1990 - 1991?
If one "assumes" that trend will continue, the figure of 3% "assumed CPI" is inaccurate by 63%.
I would suggest that someone might want to adjust the chart accordingly.
I still lose either way, but it might make me feel a
little better.