Would You?
If management came to you tomorrow and asked if you wanted to take $10 an hour of a pay rate and convert it into an equivalent profit-sharing percentage, what would you say? Unless you were insane, you'd tell them to pound sand. The pay rate is far more secure and is delivered every two weeks.
So why is there such outcry when I support doing the opposite?
And, to be very clear, I do not support "trading" it for higher pay. Get the best rates we possibly can, and then (only then) try to convert some defined PS percentage into a higher pay rate on top of what was negotiated, leaving the upper end of PS intact so we can share in the bounty if Delta continues to prosper.
To be clear, I know that this is a moot point. PS is somehow a sacred cow now, even though DALPA was ridiculed when they negotiated it.