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).
Mike Cohen, another Disney worker and a trade union activist, says that most Disney workers do not stay with the company for very long. You can make $10 per hour if you're here for 10 years, but because so many people leave, two-thirds of the workers at the park make $6.57 per hour, or less..