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.
This is not reality. The last four years were most significantly impacted by what happened in 2020-COVID. An unprecedented number of senior pilots left Delta followed by unprecedented hiring, both are exclusive of who was running the administration. The salaries of all major airline pilots have been baked into the cake for decades; again, independent of administration. Your salary increases because it is contractual. That has been accellerated recently as a result of tumult caused by COVID.
At Delta, a primary driver to the increase of anyones 401K in a MUTUAL FUND were company contributions, not return on investment. Not sure who you include in your generalization of "most" people, are these people who have upgraded to captain? Did they move from a regional to mainline? A significant change in salaray has been the result of a significant change of position independant of who is running the government.
A hope of perpetual returns in the stock market of anything other than the average historical norm of 10 percent 'ish is baseless strawman.
Everyone hopes the future is better. The fact is that it will be both, better and worse.