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).
When the Magic Kingdom opened in 1971, the site employed about 5,500 cast members. Today Walt Disney World employs more than 70,000 cast members, spending more than $1.2 billion on payroll and $474 million on benefits each year.alt Disney World is owned and operated by Walt Disney Parks and Resorts, a division of The Walt Disney Company.