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Originally posted by tradervic at 21_5_2007 11:44
Money, Money, Money...
... to pay for the rent, food, and taxes associated with working a job in a particular town or state. A term to learn is C.O.L.A. - Cost of Living Adjustment. If you are ...
Good luck getting COLA in the contemporary USA. I thought COLA-as-a-regular-thing died out (or withered away) along with unions. Heck, it was blamed as one of the reasons for "stagflation" in the late 1970's - inflation causes wage increases causes inflation, etc... bad for everyone besides those with COLA.
Not that I think that COLA or unions are a bad thing. Heck, I'd love to have a union job, but I haven't had the opportunity; it looks like the only union gig I'll ever have is when I'm a graduate student.
If that's you in the suit, Tradervic, that would suggest that you, in fact, are a "suit" (to use a colloquial term... I know that it has derogatory connotations, but in this particular case I mean it only to suggest that you are some kind of "professional" - someone in a good enough job to wear a suit to work). So, perhaps in your sector of the economy and tier in the pecking-order COLA is a negotiable part of contracts? And how much of a problem is inflation in Chicago, anyway? Heck, I thought inflation was nominally under control in the USA and PRC nowadays.