Originally Posted by
Hubcapped
oh god not this again. You will enjoy ONE contract cycle with higher wages. All subsequent contracts will then match united and american and that ps check in febuary that could give you 30 years of extra money will have been invested for just a boost in one 3 year cycle. Auto no vote if they touch my ps
The dollar amount of the total payout is what matters. The lower percentage is just a function of increased wages each year. The wages are the meat the profit sharing lets us collect the gravy. There absolutely no reason to change anything with our profit sharing. NONE Any liquidation of the profit sharing would only dilute the long term value of the PWA for a short period and the industry will move wages to an equilibrium while the PS value would decrease permanently. Why we have to rehash this every year is beyond me. Education for those who don’t know I guess.