Provided by Lee Lazaro of Transportation
The article talks about the stipend, but not the COLA.
Here is some data that may be helpful. All of this came from the website: Federal Bureau of Labor Statistics – CPI Homepage/tables.
These tables display the percent change, by month, in CPI for all of 2017 and all of 2018 through July. The first table just shows the month-to-month change. The second table shows the rolling six-month percent change. That is, as of that month, what was the CPI running for the past six months, ending that month? And then at the far right, you get the six-month CPI for the first half of the calendar year, and for the second half of the calendar year (2017 only on that one, obviously.) The third table is very similar, but instead shows a rolling 12-month change. Again at the far right, you get the 12-month CPI for the first half of the calendar year, and for the second half of the calendar year.
I think you can see from the numbers, that inflation is up and is continuing to trend up. This is supported by the experts whose job it is to predict CPI and the inflation rate, and it would be pretty hard for anyone on the other bargaining team or the mediator to argue with these sources. These include:
Statista.com, which is a global statistics portal used by professionals which compiles statistics from over 22,000 government, labor, and business sources worldwide.
The US Congressional Budget Office.
and Trading Economics, a well-respected US and international business online trade and investment website.
The projection is for the CPI to stay between 2.4 to 3.0 percent for at least through 2020. So, clearly, offers of 1% annual COLA’s while management, with their much higher salaries, paid themselves 3% COLA’s is off the table.