Showing posts with label support staff. Show all posts
Showing posts with label support staff. Show all posts

Saturday, August 27, 2011

The Flexibility of Maths

In the latest OPSEU bargaining bulletin #9 OPSEU indicates the increase would be 3.25% however it is painting the most negative picture possible. Mathematically, one needs to consider _all_ the increases. You just can't add up the increases in year 2 and 3 and say it's only 3.25 over three years. Well, you can, and that's what you'll get but it's not very accurate.

The increase would be more like 4.78%, or if you want to use a bleaker and somewhat false number then 3.28%, but not 3.25% as the bulletin states.

For example:

Using a ten dollar hourly wage, times 70 hours times 26 weeks = 18,200 per year

Year 1 of a new contract you would not get an hourly wage increase. Instead you would get a lump sum of 1.5 %
or $273 for a yearly income of $18,473 : an increase of $273

In year 2 you would get a 1.5% wage increase. You are now making 10.15 per hour.
times 70 times 26 =18.,473 : an increase of $273

In year 3 you would get a 1.75% wage increase. You are now making 10.327625 per hour.
times 70 times 26 = 18,796.277500 : an increase of 323.2775

Total increase = 869.2775 That, as a percent of your pre-contract yearly income, is a 4.776250% increase over the three years.

Even if you ignore the lump sum, your increase is 596.2775, a 3.276250% increase

Neither is close to 3.25%, at least not mathematically.