Originally Posted by
tsquare
That is why bigger pays more is retarded.
And I remember exactly what happened in 2008. It was folly to believe that a DB plan removed retirement dollars from uncertainty of the market, bankruptcy proves that beyond any shadow of a doubt. And the two are very clearly interrelated. The Western guys were right. Retirement in our own name was essential, and we didn't listen.
I have done a little cocktail napkin math on a newbies retirement, although it is very very rough, and with the expected movement they are gonna see Timbo, you and I are gonna be pool boys for them.
Pay banding is retarded. Equals less required pilots. Equals further stagnation. Let's please stop facilitating work rules (ie added productivity that reduces required pilots) that prolong a decade plus of stagnation.
The new hires may do well but 30 to 40 years is a long time with a lot of unknowns (ie one pilot flight decks that cut required domestic pilots in half).