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Advanced-Guard-4468 t1_iym9cr6 wrote

Reply to comment by im_at_work_now in Pat Toomey was one of the 43 Senators who killed sick leave for rail workers by GraffitiTavern

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.

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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.

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Advanced-Guard-4468 t1_iymb9cs wrote

Inflation over the last two years is up 15%

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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

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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).

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Advanced-Guard-4468 t1_iynaxlm wrote

It was 6% from 2020 to 2021 and 8.5 from 2021 to 2022 = 14.5 or 15%

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