[Schneed10]

A difference of $1.50 an hour equates to a difference of about $3000 per year in pay.

There are 52 weeks in the year, in which you assume you'd work 5 days a week. 52 times five equals 260 days. Then you have to take out 6-8 days for holidays, and 10-15 days for sick/vacation time (which I'm assuming are unpaid for you).

That's about 237 days worked, for 8 hours each day, that comes to 1896 hours per year. Multiply those hours by $1.50, and you get $2844.

Then you have about 100 hours in which you're paid time and a half. Time and a half of the $1.50 difference comes to $2.25. So $2.25 times the 100 hours is $225.

So $2844 plus the $225, and you get $3069.

The $1.50 represents a drop of $3069 in your annual gross income, not factoring in the changes in profit sharing.