Originally Posted by
Extenda
well sure…but also your 401k, assuming it was in an index like most people should be doing almost doubled the last four years. We also got enormous contractual gains. Most people, me included, had their salary double the last 4 years.
I think it’s a tall task for any administration to replicate how good the last four years have been for legacy airline pilots.
I hope you’re right and the next four years are even better.
However, no way are we going to see 20% returns on the S&P in perpetuity.
Yes, the last few years markets have been great and we got great gains to our PWA. But how does that all compare when you account for the insane inflation that also occurred in those same few years? Housing is up almost 50%. Inflation on day-to-day items is up over 20%.
The pay raises of 20% at time of signing seems like we just barely made it even.