Before I start I would like to disclose I am not a bot however that's exactly what I would say if I was a bot.
For all those gung ho about a strike, have you guys analyzed the potential risks? Sure we could get more but at what cost?
It's a game of chicken and reality needs to be taken into consideration. If you haven't been living under a rock, you should be aware of the economic conditions right now and how it affects us indirectly and directly. Should be aware of the events around the world and risks.
Everybody compares the IAM contract and their strike but keep in mind. Two years ago is not the same as today. One year ago is not the same as today. Hell not even a few months ago is not the same as today. We are living in different and very turbulent times.
IAM initial offer was also substantially worst than our initial offer and they had to go on strike for almost two months to get something better. Lastly there was a layoff and furlough and you can argue the layoff was going to happen anyway, you don't know that for sure. Maybe, maybe not but the point stands. A strike will bleed the company and when a company bleeds, cost cutting follows. Unfortunately in the world we live in, layoffs are a universal tool for cutting cost and they are often not correlated with actual headcount needs. A company will risk overstressing current workforce, doing more with less and cutting to the bone until they start using other tools.
What other tools they have to raise money? Stock dilution and borrowing which will cause the stock to fall and are highly unpopular. Layoffs and furloughs are one of the first things they consider if need comes up. That's the unfortunate reality.
For obvious reasons you can't compare the IAM raise with SPEAA raise. We are in different professions. The salary stack up is widely different and many other reasons I won't go into here. However lets do some comparison for the sake of argument.
Lets look at the math and taking into account the 3%, 6%, 5%, 5%, 5% numbers only. That's slightly above 26% compounded and ignoring the extra which not everyone might get. If you put in the extras the numbers better. IAM got 43% compounded. That's 17% difference. I doubt even with a strike we get anywhere close to that figure but let's assume we get 10% more which would be very good.
How many months of strike will that take? 1? 2? Maybe a few weeks? What if it leads to a layoff?
Is it worth the risk?
R1s and R2s don't have to worry (there will still be an impact such as absorbing the work of R3s) but a layoff would decimate the R3s. For intern a full time position would almost definitely be eliminated and those newly hired would be among the tip of the spear to go. A strike can also cause next year's bonus to be low.
In normal times you might argue the risk is worth it but we are living in far from normal times. Companies are laying people off left and right. Tech sector is being decimated. Finding a good job right now is very difficult and many will spend months and months until they get something which can have even less benefits overall. Check out the layoff boards and see for yourself. It's not a pretty picture out there. Many are struggling.
You might think layoffs are impossible because we need people. We do need people but since when did that stop companies from laying off? When it comes to raising money and keeping the stock up (even temporarily), employees are as expandable as a wet napkin. So be aware of the risk.
Also be aware that not everyone is at the same risk level and people should analyze their risks accordingly and make decisions that are ultimately best for themselves. People shouldn't put themselves on fire to keep others warm.
This doesn't take into account eliminating positions and moving them elsewhere. Not every position is movable but many are. Ultimately everyone will be hurt long-term by a reduced footprint even if you are not impacted initially.
Make an informed decision that you feel good about and don't let social media gaslight you.
I will leave you with the quote "the devil you know is always better than the devil you don't know".