Originally Posted by
WesternSkies
I personally can’t understand the people who are topped out on the pay scale being so against it on the account of inflation.
It is like they don’t really understand that a 20 year scale stops at 20 years. I would jump at the 3% bump offered.
I also have a hard time understanding the FOs voting no to 30% raise.
We are in a bubble.
I don't think you have any idea how inflation works.
Do you think the 1.5% in 2020 and the 1% in 2021 and 2022, will keep up with inflation. Do you even know what inflation has run over the past decade or two, or what the Fed target is?
I believe our top 50 seat rate at the end of 2001 was $92 an hour. Do you have any idea what you would need to make now to have the same purchasing power? $131 an hour.
I'd happily accept a pay package tied to the government reported inflation rate. It runs 2% a year.
In four years when this pay package expires someone topped out will have less purchasing power than they have today.
And for those topped out it's not even a 3% increase. Less than 2 1/2.
Not that you give a **** about any of that, or can probably understand it.