Originally Posted by Timbo
I think we should go with a longevity based system but have an annual pay raise, forever, not just a 12 year scale. A 30 year pilot would be making more than a 20 year pilot, who would be making more than a 12 year pilot. Why do we stop at 12years?
Now...should we base our rates on?? The argument for our present system is "Productivity". ie. weight/speed formulas from 70 years ago. Most people understand the concept that an airplane with 300 seats should pay more than one with 200, which should pay more than one with 100 seats.
So, when we go in to negotiate new rates for a Longevity Based Pay system, on what would we base our rates?
Only problem with continuous raises is that even at 3-3.5% over 40 years of a career compound interest takes over. Then you end up like the US Airways rampers in 2004 taking like an 80% pay cut when their wages were "adjusted" in bankruptcy when the company leadership thinks you need an attitude adjustment.