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).
Tesla factory employees have reached out to the United Auto Workers to form a union. Moran said Tesla has started to respond to worker concerns by raising workers' base pay. Tesla workers make anywhere between $17 and $21 an hour, but also face a higher cost of living than most factory workers, Moran said.