Thread: Attrition
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Old 09-11-2022 | 05:30 PM
  #2011  
OneplusF
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Joined: Oct 2021
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Originally Posted by Excargodog
Where did you pull these numbers from? Certainly not my posting. And yes, I’d rather have a steep slope upwards because the rate of increase ACCELERATES with time. A 5% per year per year seniority increase over the course of even the first 12 years gives a 1.8 TIMES first year CA or FO salary PLUS all the annual increases because of compound interest. Obviously, you don’t understand compound interest, but you might be able to find a Middle schooler who could explain it to you.

It’s why we have 401ks and IRAs for crying out loud.
What does compound interest have to do with a pay scale? Zip. You’re not nearly as clever as you think you are.
The condescension doesn’t help your case either.

Advocating for captains starting in the 2’s is defeatist and way off the mark.
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