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""Nancy's union has negotiated a three-year wage contract that provides for a 2.4% increase indexed to inflation. The rates of inflation are forecast to be 1.62%,…

""Nancy's union has negotiated a three-year wage contract that provides for a 2.4% increase indexed to inflation. The rates of inflation are forecast to be 1.62%,…
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2 votes
""Nancy's union has negotiated a three-year wage contract that provides for a 2.4% increase indexed to inflation. The rates of inflation are forecast to be 1.62%, 1.93% and 2.21% respectively. How will Nancy's wage increase be expressed in the new contract?

asked
User Oldenborg
by
8.5k points

1 Answer

2 votes

Answer:

COLA plus 2.4%

Step-by-step explanation:

COLA is cost of living adjustment

answered
User Amitayh
by
8.2k points
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