A med doctor can at least look forward to having a more or less guaranteed career path. Less money now for more later.
A pilot will be thrown on the street many times, will have to start over at first year pay several times perhaps, etc. There should be a premium for this treatment.
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I'm glad that he is drawing attention to pilot pay but I'm also glad that he is shedding light on how the banking industry works.
People preach Capitalism but what we have done is Socialized the risk with institutions that are too big to fail. When Wall Street does this I guess that it's ok, because it's Capitalism? We gave the banks over 700 billion dollars and nobody was accountable for what happened to it. Some measure the cost at close to 4 trillion dollars.
I am all for Capitalism but I am not for the corruptness that has been going far too long and I am glad for anyone that tries to point it out.
Pilots chose to work for low wages. Low wages are there for many reasons but they do need to come up, is there any disagreement in that? Pilots don't think they will get stuck at any wage while they are moving up the ladder. The music stopped and now everyone is upset at the level of wage they are working at. Why did the music stop? Because the banks that get a free ride levered up and loaned to everyone with a heartbeat. Wallstreet became a casino and was levered up 30:1 and as much as 60:1 and then crashed and took everything down with them.
This is a credit driven recession. It's going to take some time to get out but the anger should be directed at our banking industry and it's relationship with our government. Michael Moore pointed that out. I already knew that but if you don't I suggest you go see the movie as a starting point. If the movie draws plight to our cause for higher pay then so be it. Maybe people will start buying tickets on something other than the absolute lowest cost.
So are the people Moore wants elected more likely or less likely to regulate the banks and take the capitalism out of wall street? Capitalism isn't the problem creeping socialism is.
Just to keep it on track; fix that, the economy works, and pilot pay goes up.
So are the people Moore wants elected more likely or less likely to regulate the banks and take the capitalism out of wall street? Capitalism isn't the problem creeping socialism.
I would like to keep our banks regulated for OUR protection but yet keep the Capitalism in Wall Street.
We've socialized the banking risk. They get all of the reward and when $hit hits the fan, they socialize the risk and you and I pay for it through taxes or inflation. This happens time and time again and I for one am sick of it.
The Glass-Steagall Act of 1933 was put in place to keep us from a credit driven recession (depression) and it was removed along with many other banking regulations to get us to this position we are in today. We can't print our way out of this mess. The garbage in the basement (collateral debt obligations and mortgage back securities) is what we are all paying for. All sold as AAA. I'm not calling for a change from capitalism to socialism and I don't think Moore is either. I just want the looting and corruptness to stop. He merely points out some of this in his film.
Back on topic, Moore and others should bring up the looting in our industry as well where the whipsaw between regional/mainline, regional/affiliate, big jet vs little jet, bankruptcies held over our heads, abrogate contracts in bankruptcies while paying bonuses to management, etc, that have been driving down wages for decades. Like him or not at least he gets some truth out there. He embellishes sometimes but so does Hollywood, CNN and Fox.
I would like to keep our banks regulated for OUR protection but yet keep the Capitalism in Wall Street.
We've socialized the banking risk. They get all of the reward and when $hit hits the fan, they socialize the risk and you and I pay for it through taxes or inflation. This happens time and time again and I for one am sick of it.
The Glass-Steagall Act of 1933 was put in place to keep us from a credit driven recession (depression) and it was removed along with many other banking regulations to get us to this position we are in today. We can't print our way out of this mess. The garbage in the basement (collateral debt obligations and mortgage back securities) is what we are all paying for. All sold as AAA. I'm not calling for a change from capitalism to socialism and I don't think Moore is either. I just want the looting and corruptness to stop. He merely points out some of this in his film.
Back on topic, Moore and others should bring up the looting in our industry as well where the whipsaw between regional/mainline, regional/affiliate, big jet vs little jet, bankruptcies held over our heads, abrogate contracts in bankruptcies while paying bonuses to management, etc, that have been driving down wages for decades. Like him or not at least he gets some truth out there. He embellishes sometimes but so does Hollywood, CNN and Fox.
You obviously have not read anything Moore has ever written if you don't think Moore wants socialism.
Gun control, abortion, health care, socialism vs capitalism, right/left, conservative/liberal
Anything else to keep you from looking at the big picture?
You've just been bamboozled out of close to 4 trillion dollars and your stuck on debating whether or not Michael Moore is a socialist. He is after all making millions of dollars in a Capitalist system!
And....... pilots are grossly underpaid for what they do and he pointed it out! Thanks for getting the message out MM, ALPO sure wasn't getting it!
Gun control, abortion, health care, socialism vs capitalism, right/left, conservative/liberal
Anything else to keep you from looking at the big picture?
You've just been bamboozled out of close to 4 trillion dollars and your stuck on debating whether or not Michael Moore is a socialist. He is after all making millions of dollars in a Capitalist system!
And....... pilots are grossly underpaid for what they do and he pointed it out! Thanks for getting the message out MM, ALPO sure wasn't getting it!
While I have been warned I can't talk political like some of you can. I am not stuck on anything and moore being a socialist aint much of debate. I just don't think you can legislate wages. For example teen unemployement is up from 30% to over 50% since the last minimum wage increase.
Apply that logical to the flying public then. They don't want to pay more than $100 per person to take their whole wife beater wearing, non showering, don't know their a$$ from a hole in ground family from southern Florida to Seattle.
Whoa, whoa, there big feller.
Let's leave Seattle out of it.
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Airport management, the FAA and the airlines;They're all cheats and liars!-Rex Kramer
Just remember your contracts were signed by at least 50% +1 at all of your airlines. The first thing to do is stop signing POS contracts. The enemy is us more than anyone else.
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