Originally Posted by
vroll1800
Have you not heard of "the rule of 72" ? Divide 72 by the applicable annual interest rate (or annual percentage raises in this case), and you'll come up with the number of years required to double your money, or salary.
Since study assumed perpetual 3% raises, today's UPS Captain making ~ $300K "should" start making $600K 24 years from now. Six more years after that should yield a salary of ~ $716K.
Additionally, study considered factors besides just salary such as Profit Sharing (DL), B Fund contributions (both airlines), and A fund contributions (UPS), just to name several. So, the $12M figure isn't too much out of whack.
24 years ago ( 1992 ) top Captain pay at American, Delta or United was close to 200k a year. Today that number is about 250k
for normal senior captains..I highly doubt you will see pilots making 700k a year even 24 years from now. It'll be more like 350k range I assume