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Old 07-13-2014 | 10:51 AM
  #162548  
SharpestTool
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Joined: Oct 2013
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Originally Posted by gzsg
DALPA has admitted they accidentally left out the chart showing the 2004 pay rates plus inflation. It will be emailed to all Delta pilots.

They are also going to include a chart showing the over $15 billion and counting the Delta pilots have made in concessions.

Last but not least a chart showing executive management pay raises annually since 2008.
First, I doubt the Delta MEC or virtually anyone else at Delta (excluding RA and his officers) or on this board truly understands inflation. Specifically, where it comes from and why it is always present. So other than sticking a sharp stick in ones eye sufficient to force one to bone up on inflation, providing a chart showing the dilution of real spending power is a waste of time. It is not like being aware of it somehow provides the hidden leverage to ever get lost purchasing power back. That is why it is called inflation. By definition, purchasing power is stolen from you and you don't get it back. If we were to stay in front of inflation, there would be no inflation. Get it?

Some will say the above is a defeatist attitude. Not really. Your future earnings are subject to inflation, not necessarily your past earnings. Whether your retained past earnings, in the form of savings, is subject to and doomed to suffer the effects of inflation are totally up to you and whether you are smart enough to manage them properly. I admit no defeat there. But, to believe that somehow I will ever see lost earnings plus inflation is a fantasy that deserves no further discussion by serious thinkers such as me.

As far as concessions, everyone I know understands fully what was sacrificed willingly (overwhelming majority that did not include me BTW) outside of bankruptcy, then later during bankruptcy.

The MEC did a good job of showing us where we were, what happened and when. They are not equipped to deliver a lesson in economics, nor is the pilot group willing to submit to such a lesson. A shame really because most are able.

Soon we will get a comprehensive description of where we are now relative to our peers. I thank them for this information. I will handle it from here and will determine real value that I require in a future contract. My expectations will result from that analysis, done by me and not the MEC. I am an expert in that department where they aren't and shouldn't be.