For those of you who are 'inclined' to accept the offer, here are a few specific examples of what inflation has done to our salaries, and associated living standards:
From 2000 through 2010:
Homeowners insurance UP 108%
Gallon of Heating Oil UP 150%
Property Taxes UP 77%
Average Electricity Bill UP 50%
Petrol UP 140%
Medical expenses UP 143%
Potato UP 67%
Egg UP 93%
Bread UP 50%
Needless to say, the pay rise offered is NOT EVEN CLOSE to making up for numbers such as the ones quoted above. If CX feels they can hold back pay for a decade, then give a 10% raise....then probably plan on holding it back for another decade...then more fool us if we accept. They need to address the epic erosion in the true value of our salaries these past 10 years. Until they make an offer that does that, then we must reject any half way offers.