Boeing is offering its staff a 25% pay rise over four years in a bid to avoid a strike that could potentially shut down its assembly lines as early as Friday.
Union leaders representing more than 30,000 employees have urged the workers to support the proposal, describing it as the best contract they had ever negotiated.
If approved, the agreement would be an important achievement for Boeing’s new chief executive, Kelly Ortberg, who faces pressure to fix the company’s quality and reputational issues.
Won’t even outpace inflation at that rate nor does it fix the past 4 years of hyper inflation. Just as tone deaf as you’d expect from a company that cannot produce reliable air travel after being able to provide it for decades before.
Generally the Fed tries for 2-3% inflation. Only time will tell if they can hit that target or not, but it is the only target number we can all agree on even if we can never agree on what the real world will bring.