Originally Posted by
Irishblackbird
This is something I'm struggling with as well, although I've only been here 3 years. So I still haven't fully vested in the direct contribution, and I only have 10 years left. I also haven't upgraded yet and think it is 2 years away. I think anything that is announced will be a minimum of 2 years before we are that new airline, and negotiations for a contract would be a complete guess, and with any big change like this I see a lot of pain before it its smooth sailing. The management here has been focused on the merger, and less and less on running the airline. The attitude has quickly changed and from being a cohesive relationship to we don't really care if you leave.
On the other side, I'm worried about the economy and how it will affect the industry. Leaving now and being jr could mean furlough and further setbacks with only 10 years left, depending on the airline. If I was 10 years younger, I'd be gone. My situation is similar to the OP but with much less time to recover if something should go wrong, but less financial setbacks and seniority QoL loss.
All quite reasonable concerns. And the competence of those people in government to handle this, after so many wrong calls, isn’t a trivial concern either.
Growth is already slowing in response to the Fed’s repeated interest rate increases, with the housing market softening, technology companies curbing hiring and unemployment claims edging up.
But with inflation proving persistent at a four-decade high, a growing number of analysts say it will take a recession -- and markedly higher joblessness -- to ease price pressures significantly. A Bloomberg survey of economists this month put the probability of a downturn over the next 12 months at 47.5%, up from 30% in June.
“We have to curb things domestically to help us get where we want to go on inflation,” said Bank of America chief US economist Michael Gapen, who’s forecast a mild recession starting in the second half of 2022.
After raising rates in June by the most since 1994, Fed Chairman Jerome Powell and his colleagues are expected to approve another 75 basis-point hike this week and signal their intention to keep moving higher in the months ahead. Powell has said that failing to restore price stability would be a “bigger mistake” than pushing the US into a recession