Call it the Great Reset. Across the US, labor unions are winning surprisingly large contract settlements as workers have reset their expectations to demand considerably more than they did just a few years ago, and that has in turn pressured many corporations to reset – and increase – the pay packages they are giving in union contracts.
Definitely a win in the short term view. But that isn’t a win in the long term scale. That’s just a reset to normal. A long term win would be ensuring they receive appropriate raises for the next two decades and more
From what I read in another post it can be as much or more than 33% after the end of those years due to cost of living increase, so it looks like that is factored in the contract as well.
Stopping something bad from happening is always a good thing. If your house is burning, getting out is still a win even if you are now homeless.