Originally Posted by
Oberon
The sunk cost fallacy isn't a theory from Wikipedia it's a real term economists use to describe economic decision making based on what is already invested. I used Wikipedia as a resource so I didn't misuse the term. That doesn't change the argument.
Look Oberon, you're looking foolish now. Nobody is saying that "sunk cost" isn't a real economic theory, we're just saying you're misapplying it. Pilots don't want restoration because of what they've
invested. They want restoration because of what we voluntarily gave up to save our company from liquidation. We're not asking for that loss to be returned to us like an investor or as a loan to be repaid. We're asking that those old rates be restored because our partnership was successful in keeping our company out of liquidation.
That's the last I'll try to speak to you about this because if you still want to argue your "sunk cost" misapplication, you're just being stubborn and that's a waste of everyone's time.
Originally Posted by
Oberon
No one has addressed the issue. Basing your decision making on the next contract on the fact that you lost money in past contracts is a poor way to do it. Disagree with that? Argue your case. When you (and others) attack me instead of my argument I can only conclude that you don't have a lucid argument. I'm willing to listen to your argument. If you have a better way of doing things I'd like to hear it.
How does stating the objective as restoration give us leverage or help in any meaningful way? Without an explanation one can only conclude that those preaching "restoration" view the act of or representatives saying "restoration" somehow improves our bargaining position on it's own. I don't see benefit. If restoration isn't the strategy, what's the strategy?
I was going to explain it to you Oberon, but Timbo has done a much better job than I could have done. Please read what's below carefully and please don't let me hear from you again that nobody has shown you a lucid argument.
Originally Posted by
Timbo
So...how did we get "restoration" in our 2001 contract?
We had family awareness meetings where we talked about our losses, and what we needed to restore the profession.
The MEC rallied the troops, the MEC put out "Restoration" lapel pins, had meeting, talked openly about what we had lost in POS 96, and what we needed to "Restore the Profession" !
Remember?
Where is that kind of leadership from our MEC today?
Where are the Family Awareness meetings?
Where is the accounting for our financial input to Save Delta?
The MEC acts like the biggest pay cut, and retirement losses in the history of the Profession, never happened!!
The MEC won't even mention how much money we "GAVE" to Delta in 2004, and how much of their "BIllions" in earnings today is DIRECTLY attributable to OUR CONCESSIONS!! The ONLY reason we gave up 42% of our pay and our DB plan was to...
SAVE DELTA!!
Well...It WORKED!
WE SAVED DELTA!!
So, WHEN are WE going to be PAID BACK for our sacrifices??
WHEN??
Carl