I THOUGHT they may do an early bump in April due to inflation, but it ain't happening.
Supposedly, the Cpi and inflation rate is running at 7.9-8.2%.
There is no debate there.
But, I personally see inflation at LEAST at 12%,and in many aspects, it's closer to 20%.
Pound of ground beef, toilet paper, washing machines, clothing, tuition, health care, and autos. All of these things are well up more than 10%.
So, let's say that Fx ONLY uses the REAL inflation rate as a bell weather. That would be over a $2.50 bump for just the bottom scale guys, and we KNOW Fx ain't about to give a 7.9% raise.
I bet anything this October sees an insulting 3%.
I honestly thought last October you guys would get a decent bump, especially considering the record earnings they've had for 2 strait years, and the June report will be even stronger.
I don't get it. Massive profits, record earnings, an extreme driver shortage, and they come back 3%??!
Then,to pi$$ all over the people they wish to retain, Fred Smith goes on Tv and says Fx is going warp speed with AV.
Nice.
Really, top notch work.