Originally Posted by Sarcastic
The last 10 years represent the period since the last work stoppage. Prior to that there were no cap on max contracts, so there was a huge spike in salaries. If you look at just the last 10 years you will see the salaries have come back in line with revenues, and have only grown 24.3%. Revenue increases have actually increased more than salaries at 27.9%.
the point is, during this last CBA (which the owners "won", a really stupid platitude the media like to use that means nothing), the operating margin went from a pre-cba average of nearly 20% to barely over 7% during the current cba. of course the owners want to move it back. just look at the operating income 5yr and 10 yr changes.