Originally Posted by
thisishomebrand
While I agree the 2 year pay freeze is ridiculous, the 2 year pay freeze is a relatively smaller loss over longer periods of time, i.e. 20-30 year career, than the lost income as a result of 2% annual increases (previously 3%). For individuals with a shorter timeframes however, the wage freeze will will be much more costly.
The two year pay freeze is actually a massive loss over a career. That’s over 6% for those two years based on previous increases, the forgone value of which is compounded every pay increase going forward, forever.
The ongoing two percent is just insulting salt in the wound, repeatedly, every year going forward.