Originally Posted by
Andy
OK, where's the math? We know current pay rates. We've got a picture of 2023 pay rates.
We can easily find what inflation was from Jan 2020 to today.
The only question is what does one estimate inflation at from today to one year past the 2023 pay rate. Please list that.
I haven't bothered crunching the numbers but if you're calling this lost purchasing power, show the math. I want hard facts, not a bunch of IFs and MAYBEs.
FWIW, I'm agnostic on this at the moment.
Listen, I didn’t come here to flame or anything of the sort. At the same time, no I’m not going to provide the math as it’s blatantly obvious that the contract highs of yesteryear have been eroded by inflation and in a big way as of late with no end in sight.
As those of us with some experience in this profession and industry know, a contract is about the sum of its working parts and not just Section 3 pay rates.
Given the current crunch for experienced pilots I was simply hoping that we could extract about a 40% increase to our rates to keep up with inflation and purchasing power.
I wish all of us collectively success in upholding our profession. Last I was told by my company, I’m accepting a 2.7 billion dollar liability every time we push the thrust levers up. By that measure we are GROSSLY under compensated.