Originally Posted by
pete2800
The capacity will be flown. If not by one carrier, then by another. There will be jobs, and if the company that was paying less than the average is the one that suffers, then those jobs will be better as a result.
If the lower-paying companies are eliminated, the average compensation goes up. This is good for labor.
So, "Hey, there will still be jobs; granted, it's likely they won't still be concentrated in the same places, so people will have to uproot their families, they'll be starting over in seniority, so they'll be taking huge paycuts, and in some cases they just won't have a job because someone else at a competitor already does what they do. But I got mine, so that's all that matters."
Right?