Originally Posted by
Reroute
And he recognized the time value of money.
"There is the time value of money. The longer it takes to achieve a pay raise, the larger that raise must be to equal a “timely raise.” Money becomes less valuable with time due to inflation and because you do not have that money to invest."
Of course there's a value in the time value of money. That alone is not the issue. The issue is accepting wage increases that do not keep up with inflation or restore us, then claiming you had to do it because of the time value of money. That's what John clearly understood. That's why he helped negotiate Delta's historically high pay rates (that really just brought Delta pilots back to where they were adjusted for inflation), AND did so quickly.
That's the different Reroute. The post Malone regimes have only jumped on the time value of money part, while ignoring the restoration part.
Carl