Originally Posted by mjcasta
$70K is the result of 20+ years of service and experience. So, through this reasoning, my boss should walk in and say, Hey! I am not giving anybody a raise and in fact I think everyone should take a pay cut back to what you made when you were hired because I can bring on new-hires to replace you at that cost.
All of our salaries are based on performance, commitment and longevity. Experience and longevity to the firm merit such rewards as an increase in pay. Yes, someone could do my job for half the pay; but, it would represent a loss of reveune and operating efficiency as well.
If the company were losing millions of dollars per day with competitors going bankrupt right and left, perhaps the boss should say that.
The point is times have changed and the unions must wake up to that. Its not a matter of just what you or I may think is "fair", but of economic reality.