Originally Posted by
SkyHigh
What is a fair market value? If a start up can fill 737 ground school classes with the promise of captain wages of 50K then that is the fair market price.
You're mistaken on the term "fair market price" with a temporarily agreeable price.
When one side of a collectively bargained contract has all the information, government assistance and court leverage, wages can be dictated and are not necessarily fair. Now, give the labor groups more leverage with an admended RLA and we'll get a little closer to fair.