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).
Workers in the occupation earned an average hourly wage of $30.36. Building managers in the top 10 percent in terms of annual income made more than $112,630 a year, while workers in the bottom 10 percent earned less than $25,810. Half of workers in the occupation earned between $36,770 and $76,180 a year.