Originally Posted by Noisecanceller

autocorrect. Furloughs NOT early out packages.

You cannot compare GDP of the country to this profession but that graph proves that as bad as 2008 was it was really the retirement age change that screwed everyone the most.

If you didn’t live it then you have no idea what it was like. Retirement age increases have effects you cannot put into words. Just watch when it happens. Our minimums will go right back to 4000TT and 1000TPIC when we eventually start hiring again which may take a while. We don’t even have that many retirements but it’s an industry ripple. Attrition will stop. Add in NEO issues, merger, any significant economic slowdown. It’s not going to be fun.