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Old 08-04-2009, 07:13 PM
  #8  
vagabond
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Joined APC: May 2006
Position: C-172
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Very interesting read indeed. What troubles me is that nobody seems to have a viable solution to this problem. Or that people who are in a position to do something don't have the gumption to make the hard decisions.

That article places part of the blame on low pilot pay. I was just reading this Newsweek article that said this "The recession will probably lead both American businesses and workers to the point where it is clear that the cost of labor in the United States has been too high, and it has been too high for twenty or thirty years. That has not been true uniformly across all industries. Labor became too expensive in the car and other manufacturing industries in the 1970s. The cost of service workers, especially in the technology industry, has become too expensive in just the last few years. The American worker is going to have to come to terms with the fact that an economy that supports 95% employment will be an economy where the incomes in many industries must decrease. The hundreds of thousands of workers who have been fired from the auto industry, the airline industry, and other segments of the private sector that have suffered irreversible damage to their fortunes may not be able to find permanent unemployment. The government cannot afford to care for them. Some of these people will may jobs for less money and that will bring the overall cost of labor in America down. That will, in turn, reduce consumer spending, so the Administration's plan to help improve the export portion of the economy as a key to GDP growth comes at the right time."
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