Originally Posted by
JMO127
Greed always ends up on top, right? Why do you think AA is having trouble once again paying their bills? You've got a 20 year guy doing 3 trips a month making $300k and complaining about how he doesn't get paid enough. Same at FEDEX, How is that right? Same reason the auto makers are closing up shop AGAIN! Greed is killing them all. I am told I am special and that should translate to more $ I'm paid for doing my job because I feel more special. GTFOH with that. Keep it up. Eventually they push back and you have a severe pay cut on your hands, jobs dry up, and you complain about the way things used to be. The good ole days. This is why our profession isn't taken seriously anymore. The ones that hold out because they feel special and want more money for doing less but(not even the same amount of Iwork) are no better than the welfare recipients that get a check for doing less and less. Keep it up with the more more more me me me attitude and you'll end up with less less less. It's economics 101. Only so much pie to go around. I'll break it down another way for you airline guys. Next time you fly, run the entire flight at 104%. 1 thing is sure to happen. It's eventually going to say, "no more" and quit running all together. The other option is to pull it back to under 100% (whole pie idea from economics 101) and make it last for the long term. Yes I realize there are always outliers in experiments and such but you get my point. Well, maybe not...
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Seriously if you really got educated and did some research you can see that the underlying reason a company goes out of business is not because of labor. That’s a fact that can be seen over and over again. Management loves to blame labor for its failings but upon a careful analysis it is easy to see that statement it false.
AA does not not have a issues paying its bills because of high pilot costs. It has issues servicing its debt because it is leveraged to the hilt as it’s retooling with new airplanes. It’s debt load is high not because it has to pay labor but because management made a mistake 20 years ago and stopped replacing airplanes then it had to buy an entire new fleet all at once. Dive into the SEC filings and you might learn a thing or two. AA labor took HUGE pay cuts in the past to keep the airline afloat, management did not follow through and they in fact gave themselves a bonus on the way to Bankruptcy court. But let’s blame labor while Doogie Parker continues to give himself raises so he can go to the annual conquistador meeting with the largest airline.
Great case study
Let’s look at the Hostess Bakery or old HB. It did not fail and liquidate because the workers refused to take a pay cut. They failed because of the debt load it got into in 2004 as it emerged from its first bankruptcy filing. It loaded on debt while the snack cake business went to hell as people made better choices in what they ate. Management blamed labor and the high cost for the problem all the way up till it liquidated. It was a sham and anyone with a basic understanding of business can see it as such. I mean management gave themselves an 80 percent bonus the years leading up to the filing while at the same time shrinking their work force and demanding pay cuts from labor. Remember also that labor had an equity stake in the company but you didn’t see the Union screaming it’s members had to take a pay cut, they saw it for what it was. They could have worked for free and it would have given the company 18 more months, that’s it.
Now this will all be lost on you as you are an ideologue. Someone who can not see facts for what they are and has such deep seated beliefs, wrong as they might be, that facts be damned. I wish you the best but try picking up a little humility and understand you can learn from others as they can learn from you.