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).
According to the UAW's own website, the base pay for a worker in a UAW plant is $27 an hour. So. News media tells the world, and most Americans: UAW workers make $70 an hour. Reality: They make $27 an hour.o in almost every news article and commentary about whether or not there should be a bailout for Big Auto, the current figure thrown around as to how much United Auto Workers make is $70 an hour. Yup.