We were better off 44 years ago! Here's a rerun of a post I made back in 2014...
Check out this article from the August 1974 edition of the "Ohio Teamster"! Remember these wages? Adjusted for inflation (compliments of
DollarTimes.com - Financial Calculators and Save Money Guide) here's a sampling...
City Driver 1974 $6.80 per hour, 2014 $34.30 per hour
Dock Worker 1974 $6.75 per hour, 2014 $34.05 per hour
Road Driver-Single Trailer 1974 $.17225 per mile, 2014 $.8689 per mile
Road Driver-Doubles Trailer 1974 $.1825 per mile, 2014 $.9206 per mile
7-1-74 wage increase 1974 .$.30 per hour, 2014 $1.51 per hour.
7-1-74 cost of living increase 1974 $.11 per hour, 2014 $.55 per hour.
7-1-74 Pension Contribution 1974 $19.50 per week, 2014 $98.36 per week (Remember max pension was around $750/mo in 1974 dollars or $3783/mo in 2014 dollars)
7-1-74 H&W Contribution 1974 $19.00 per week, 2014 $95.84 per week.
Freight Teamsters are WAY behind what they were making 40 years ago! Inflation and concessions have eaten away any gains they fought to get years ago!
Read it and weep!