Originally Posted by
eaglefly
Who needs that extra 10% above typical industry (6-8 %) when you're making another $30-75,000/year like several "blue-collar" guys I know?
Both my Fidelity and Schwab investments BLOW AWAY my 401(k) and of course, there's nothing like straight cash to count on and use to maximum advatage. My "RJ posts" of the past were virtually ALL geared how mainline pilots (regional pilots will too, they just refuse to see that yet) were going to lose on scope and pay the price as more and larger RJ's proliferate, taking more of their flying and driving mainline pilots earning power into the gutter. They were also about the unions either standing around and letting it happen (ALPA) or likely being powerless to stop it (APA).
You saying I'm wrong now ?
Look around, dude..........open your eyes and look around.
It's all happening exactly as I said. The only losers are pilots...............ALL pilots. AA is the last stick holding up the mainline pilot fantasy barn and soon that will likely fall taking other mainline pilots along with it.
GAME OVER.
Not even close. Scope at UAL was gutted in 2003. That was a long time ago. Now the RJs are shinking, not growing. 11 going bye bye this year, including seven -700s. The game is not over, it is still being played. As for major airline jobs paying less than blue collar. C'mon man. Let's not get carried away. I sat on rsv all last year and did alright; esp. if you add in the retirement, $0/mo med-dental for my family, and even the little things like parking, dry cleaning, crew meals, non-rev to Europe AND HI....all the standard "LCC" perks. I will bet you we see a 15-20% raise in the next 12mo as well. It ain't over by a LONG stretch.
Sled