Originally Posted by
Buck Rogers
I have a feeling those advocating for sub inflation pay rates are close to retirement. This strategy doesn't work for those with decades to go. Not to mention, one entity is an ongoing business who just passes on the inflation by way of increased ticket prices.
I still contend, to expect less than inflation is a fools errand. Pilots my be susceptible to being hoodwinked but not after the Tumi TA fiasco.
JMHO
Wages are usually not tied to inflation. 1979 inflation was 13.3% and avg wages only increased 8.7%. If everyone suddenly got raises that matched inflation we would magically see…more inflation. The only way to slow the price/wage spiral of inflation will be when all employers slow wage growth and people stop buying stuff. During the pandemic we saw “free money” and “free credit” and little to no productivity and supply. Credit is now tightening but people are borrowing against their massively inflated home prices and still spending tons in a relatively tight supply market with high energy prices. Everything is more expensive and will continue to go up as long as people keep buying it. We are not in economic “good times” and our society does not seem to reward financially responsible behavior…buckle up folks.