As usual, I use real life as my model not what some staticitians in a building come up with crunching numbers. Fact is, I was existing okay on $300-400 a week in 1998. Can't do that now. So, for me, cost of living appears to have gone up. I was paying $400 a month for a 2 bdrm/2 bath apartment in Orlando in 1998. That apartment is $700 a month now. Price of gas in 1998 was still less than it is now, too. Granted, gas is still heading that way, but it's not down to 1998 prices yet.
But since some people like stats.....
The CPI calculator on the Bureau of Labor Statistics' website also says a 1998 dollar is worth $1.33 in 2008. Also from the BoLS:
The October
level of 216.573 (1982-84=100) was 3.7 percent higher than in October 2007
So, we're looking at 3.7% higher than a year ago based on that.
Here it is in 1998:
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.2
percent in October, before seasonal adjustment, to a level of 164.0
and 1999 (FYI, I pulled that one out b/c that was the year the last Pinnacle contract was signed)
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.2
percent in October, before seasonal adjustment, to a level of 168.2
And since Mesa's last contract was in 2003, we'll get those numbers, too:
The Consumer Price Index for All Urban Consumers (CPI-U) decreased
0.1 percent in October, before seasonal adjustment, the Bureau of Labor
Statistics of the U.S. Department of Labor reported today. The October
level of 185.0 (1982-84=100) was 2.0 percent higher than in October 2002.
So, 2008 is roughly 32% higher on the CPI than 1998, 29% over 1999 and about 17% over 2003. So, according to the stat people around here basing things off the CPI, anything less than a 17% increase, in my mind, would be concessionary in the Mesa contract.
Back to the calculator on the site, $21 starting FO pay in 2003 would buy $21. In 2008, it would by $24.72. So just to MAINTAIN the buying power they had, Mesa FOs would need a minimum of $24.72 as a first year pay rate. CAs, then, took a cut since they got zero raise.
I stand by my original assesment of inflation.