Since last July, inflationprices (including food and energy) are down 2.1 percent for the nation, and 1.1 percent in New York, the BLS says.
If this rate keeps up for the rest of the year, the Transport Workers Union’s raise for the year isn’t 4 percent, but closer to 5.1 percent.
However: it’s quite possible that the federal government’s monetary and fiscal policies will create massive inflation in the next few years, anyway, so, the TWU should enjoy it while it lasts …
You may also like
How 1199 Earns its Reputation as Albany’s No. 1 Labor Power Broker
For the fourth time in six years, the president of New York's largest health-care union, George Gresham of 1199SEIU, has won the top spot on the "Labor Power 100" list from City &am Read More
How a Medicaid ‘Cut’ Could Lead to More Unionization of Home Care Aides
A money-saving maneuver in the newly enacted Medicaid budget could end up increasing costs in the long term – by paving the way for more unionization of the state's burgeoning home health workforce.
Read More
Pols Craft More Handouts for Sinking Construction Unions
New York’s construction unions, facing a decades-long decline, are employing a time-honored tactic: getting state government to stop people from competing with them. Read More
Union Rallies Long Island Pols Against NYC Kids
New York’s statewide teachers union has been cashing in political chits as it seeks to block new charter schools from opening in New York City, asking the senators and assemblymembers Read More
MTA’s Casino Funding Takes Voters For A Ride
As the Legislature prepares to authorize new downstate casinos, some voters who supported the amendment are discovering they came up snake-eyes. Read More
Utility board turns into union tool
The idea that the PSC would artificially drive electricity costs higher to benefit a political constituency represents a new low. Read More
New Docs Raise Big Questions About NY’s Megafab Mega-Deal
The Hochul Administration published a pair of documents concerning the Micron Megafab deal that raise more questions than they answer. Read More
City union scandal isn’t NY’s first
One of New York City’s largest public-sector unions has been effectively taken over by its national parent after an audit revealed extensive financial mismanagement. It’s the latest example of misconduct made possible under New York’s public-sector collective bargaining rules that force the government to collect hundreds of millions of dollars annually without any safeguards on how the funds are spent. Read More