Originally Posted by
sailingfun
You repay the hour of work with another hour of work. I never understood the rate distinction. It all works out the same.
I'm not so sure about that. If I pull 10 hours out of my bank as a $150/hr FO, I received $1,500.00 for those 10 hours. If I now repay those hours as a $225/hr Captain, I am foregoing $2,250.00 of current pay to make the deposit, which, it would seem, results in a net loss of $750 in the overall scheme of things.
Conversely, if I pulled out 10 hours out as a $225/hr Captain, I would have an extra $2250.00 of pay. If I were...say...displaced and put it back in as a $150/hr FO, I would only forego $1500 of earnings to replenish that which originally gave me $2,250.