What is 'Duration'. Duration is a measure of the sensitivity of the price -- the value of principal -- of a fixed-income investment to a change in interest rates. Duration is expressed as a number of years. Bond prices are said to have an inverse relationship with interest rates.
Now, an attractions employee of Walt Disney World who has put in, for sake of argument, 40 years with the company (yes, they exist, I have met many) after this contract will make $14.07 an hour (with additional $.50 per hour wage increases per year over the next three years).
Years of Experience. Workers who have been with the company for more than one year but less than five can make $59K annually on average. Respondents who have been working for five to nine years make around $77K per year on average. Overall, the greater share of The Walt Disney Company folks have 10-19 years of experience and earn an average $92K annually.