Advanced-Guard-4468 t1_iym6kk5 wrote
Reply to comment by Blexcr0id in Pat Toomey was one of the 43 Senators who killed sick leave for rail workers by GraffitiTavern
You understand "record profits" during high inflation doesn't mean what you think it does. In two years we have 15% increase.
im_at_work_now t1_iym8tqt wrote
So they're seeing increased profits during high inflation periods, not tightening their belts.... And giving workers sick days is somehow problematic..?
Advanced-Guard-4468 t1_iym9cr6 wrote
Math made simple. If inflation is 15% and the companies increased profits by 8 to 10% (record profits) they still lost 5 to 7%.
The Railroads didn't have to negotiate in good faith if they knew congress was going to step in and cut a deal. You can bet the railroads knew the fix was in. They just had to drag it past the mid-term elections.
im_at_work_now t1_iymao94 wrote
Profits went up 8-10% over last year? Inflation is only 7% over last year. You should talk about their profit margins, not revenue vs inflation.
Advanced-Guard-4468 t1_iymb9cs wrote
Inflation over the last two years is up 15%
im_at_work_now t1_iymbz5m wrote
And how much are profits up over the last 2 years? 8-10% is the YOY figure.
Put another way.... In the first 3 months of this year alone, the rail industry made just shy of $22 BILLION in profits. The additional 7 sick days cost them $321 million for the whole year, or 80 million. With an m. Not a b.
80,000,000 / 22,000,000,000 = 0.0036
That's less than half of one percent of the profits
a-german-muffin t1_iymeej0 wrote
By what measure? Even going with max volatility using the all items CPI, it's 12 and change since September 2020 (and that's off a flat-to-down stretch through the first six months of COVID, so not exactly normal conditions).
Advanced-Guard-4468 t1_iynaxlm wrote
It was 6% from 2020 to 2021 and 8.5 from 2021 to 2022 = 14.5 or 15%
a-german-muffin t1_iynd118 wrote
Again, by what measure? The official CPI was 4.7 percent in 2021 and 7.7 percent in the year to October 2022.
Advanced-Guard-4468 t1_iynr9ok wrote
Cpi from Sept 2020 to Oct 2021 was 6.2% it was the largest 12 month increase since ending Nov 1990 it was 7.7% the next 12 months. Sorce Bls.gov
Captain_Hampockets t1_iymkfts wrote
You actually don't have any grasp of what you're trying to say, do you?
Advanced-Guard-4468 t1_iynadwt wrote
No actually I do.
tempmike t1_iyna9dr wrote
https://en.wikipedia.org/wiki/Precision_railroading
This all happened before inflation took off. They've been pulling in record profits by slashing their workforce so they don't have any redundancy to cover short notice sickdays. Its also a reason that a lot of the supply chain issues cropped up during 2020.
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