Originally Posted by gzsg;[url=tel:3439388
3439388[/url]]In another thread a pilot said the Envoy/Piedmont rates were nothing but a trick to hold them in place until the die. He said we need to see the “entire picture.”
I agree. When we view the TA (if there is a TA approved by the UAL MEC) view the hourly raises with the facts about the United States government printing $16 Trillion dollars in the past 24 months. Quadrupling our money supply.
This fact is so staggering I can’t begin to understand the ramifications. No one can. We are in uncharted territory.
In my opinion, raises we are used to like 4% or 5% are meaningless. A grain of sand on the beach. Take the time to read and learn before you buy what is headed your way. It will define your career and our profession.
To understand the magnitude of the Fed’s money printing, we need to go back 22 months ago. At the start of 2020, there was $4.0192 trillion in circulation. On January 4, 2021, the number increased to $6.7 trillion dollars. Then the Fed went into overdrive. By October 2021, that number climbed to $20.0831 trillion dollars in circulation.
pay rates aren’t worth the paper they are written on. We never keep them when the times get hard. Remember the contracts we got back in 2000? Adjusted for inflation we still haven’t gotten back to those contracts.
im all for QOL pay doesn’t mean anything if I’m constantly re routed in a middle seat in economy. Or I have to roll thunder to make ends meet. I want to work 50 hours a month and have a nice life style. So we’ll see what is in the TA but CH 3 will be the last chapter I look at.