ABF Pay Increases Relative To Inflation

Discussion in 'YRC Freight' started by 511monkey, Aug 12, 2018.

  1. 511monkey

    511monkey Active Member

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    I put together this document with information found on the internet in order to give people an idea just how bad the ABF contract may be if inflation returns to levels seen in the past. Of course it would be even more compelling if I actually did the math and compared different five year groups... perhaps someone else will see that idea through.
    I created it as a pdf to make printing easy.

    ABF pay raises relative to past inflation rates.
     
  2. wongway

    wongway -15% Pay , Never forget

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    Thanks for info and who's needs that -15% anyway , Inflation is just a number , Keep on Trucking 10-4
     
  3. 511monkey

    511monkey Active Member

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    As bad as the 15% concession was it pales in comparison to the potential impact of inflation compounding over 5 years. A repeat of say 1978 through 1982 would absolutely destroy your purchasing power. People need to wake up to the devastating consequences of inflation – just because inflation has been low for some time doesn’t mean it will stay that way forever.
     
  4. Triplex

    Triplex Experienced stalker

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    I have no inflation worries since I bought one of these..

    [​IMG]
     
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  5. 511monkey

    511monkey Active Member

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    If you paid $100 for that compressor in 1978 a mere 5 years later that same compressor would cost you $161.19
     
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  6. wtfteamster

    wtfteamster Well-Known Member

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    Hopefully that's not used to keep your girlfriends lifelike.
     
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  7. Elwood

    Elwood Question Authority

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    There were safe investments paying over 20% at the time. Like any other boom/bust, take advantage of the market at hand.
     
  8. mysticobra

    mysticobra Just here.

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    2.35 cents an hour. Just married. We had a son and no worries.
    Both wife and I were working making less that 6 bucks an hour combined.
    Look at us now.
    One plastic bag of groceries is 40$ at time 60$.
    Times change.
    Nothing ever stays the same. If it did we'd be in some big trouble.
    Came into this world broke.
    Goin out the same way.
    (anyway. It's like comparing 1938 to 1978? 40 years difference Same as 1978 to 2018? 40 years difference. A compressor then - if available would have cost the same, as a house.)
    Going for another cup of coffee.
    Can't live in the past. Gotta live now. Still. I'm going out broke. Bills all paid up and broke.
    :17142:
     
    Last edited: Aug 13, 2018
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  9. Wrench97

    Wrench97 Well-Known Member

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    In 1956 my dad paid $9500 for a house, barn, back rental house and 5 acres of ground out in the sticks in the middle of corn fields.
    That was $65 an month on a veterans mortgage loan. 2 years ago it was in the middle of a housing development and sold for 1.4 mil.........................how much a month is that?
     
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  10. mud

    mud Wonderin' AD-FREE USER

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    Look at the cost of homes now a days, and the cost of a new pick-up truck. The middle class is slowly disappearing.
     
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  11. Elwood

    Elwood Question Authority

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    Adjusted for inflation, not considering any improvements, property value increased about 16.66 times.
     
  12. seabreeze

    seabreeze Not Well Known Member, 60 Year Teamster Member

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    Can't remember the exact 70s years, but I got 16% for CDs
     
  13. Clark75

    Clark75 New Member

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    Elwood you sound like you trade or at least have sound knowledge of investing 50/200 day moving average sound like a day trader ?
     
  14. seabreeze

    seabreeze Not Well Known Member, 60 Year Teamster Member

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    In 1962 I bought a new 4x4 Cheyy PU, it was $2462 or $2642, can't remember which.
    It was the first and only vehicle I've paid cash.
     
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  15. Elwood

    Elwood Question Authority

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    No, a very conservative investment strategy, buy & hold, according to the ‘Oracle of Omaha.’

    Buy what one knows and understands and be patient.

    I have made investments, both good and bad. Luckily more of the former than the latter.

    Day trading is for those that have plenty of money to lose, imho.
     
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  16. Elwood

    Elwood Question Authority

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    I pay cash for all my cars, a ‘66 MGB, my daily driver, a 67 BGT, when it rains and a 65 cornbinder, D1200 when I go to the dump! :17142:

    Mrs El gets the new ones.
    (Payments included)
     
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  17. mud

    mud Wonderin' AD-FREE USER

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    I rented my first apartment in 1974, $275.00 a month. I bought my first house in 1977, cost $27,000.00. Bought the house I'm presently in back in 1987, cost $75,000.00. My 2002 basic F-150 that I still have cost 18,000.00 in 2002. Today a basic F-150 costs $30,000.00.
     
  18. mysticobra

    mysticobra Just here.

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    In the early 60's grandma used to sneak all us kids a quarter.
    I say sneaked because it made grandpa mad. A dollar was probably close to an hourly wage. ( you can speak up on that)
    But we all went (4 of us) to the corner store and got a :shit: load if candy.
    You guys are older than I. And I was broke during the 70's. I never bought a new car until I was 40. Ten years into working for Roadway.
    All used before that.
    And I would never buy a new car now. One was enough. I still have it after 22 years and yes. It still looks new. 157 grand on it. (miles.)
     
  19. Elwood

    Elwood Question Authority

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    Your grandma was a sweetie. My candy money came from collecting pop bottles on the side of the road.
     
  20. mysticobra

    mysticobra Just here.

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    Well. We did that too. 2 cents a peice.
     

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