@ the union meeting
So during the financial meltdown management gave no raises because it needed the money to save the pension fund from the stock market crash. This is a fund that most young workers will never see anyways because management doesn't offer them one anymore. But the managers of course all have a full pensions waiting for them. A lot of older workers still have a pension and after all there is the positive side to saving your pension fund; when the stock market rebounds management won't have to put much money into the fund and they will have even more for raises. Well the market is doing really good and management dumped a crap load of money into at the peak of the recession... So the union went back and asked management about giving us that raise now that there is sooooo much money available since the pension fund at the moment is fully funded. Guess how that conversation worked out.