It was a 50% pay hike over 6 years. The media is disgusting for always describing pay hikes like this. It’s not a 50% pay hike, it’s 7% per year, which is barely catching up with inflation.
This is pretty much it. They say the shipping companies’ profits have skyrocketed in recent years and that their wages have been stagnating, so they’re looking for a large pay raise to both take the high profits into account, and to account for inflation. Seems very reasonable to me.
If they turned down a 50% pay increase they must currently be paid shit. I am sure the CEO is more than fairly compensated, they should be too.
It was a 50% pay hike over 6 years. The media is disgusting for always describing pay hikes like this. It’s not a 50% pay hike, it’s 7% per year, which is barely catching up with inflation.
This is pretty much it. They say the shipping companies’ profits have skyrocketed in recent years and that their wages have been stagnating, so they’re looking for a large pay raise to both take the high profits into account, and to account for inflation. Seems very reasonable to me.