I'm glad that he is drawing attention to pilot pay but I'm also glad that he is shedding light on how the banking industry works.
People preach Capitalism but what we have done is Socialized the risk with institutions that are too big to fail. When Wall Street does this I guess that it's ok, because it's Capitalism? We gave the banks over 700 billion dollars and nobody was accountable for what happened to it. Some measure the cost at close to 4 trillion dollars.
I am all for Capitalism but I am not for the corruptness that has been going far too long and I am glad for anyone that tries to point it out.
Pilots chose to work for low wages. Low wages are there for many reasons but they do need to come up, is there any disagreement in that? Pilots don't think they will get stuck at any wage while they are moving up the ladder. The music stopped and now everyone is upset at the level of wage they are working at. Why did the music stop? Because the banks that get a free ride levered up and loaned to everyone with a heartbeat. Wallstreet became a casino and was levered up 30:1 and as much as 60:1 and then crashed and took everything down with them.
This is a credit driven recession. It's going to take some time to get out but the anger should be directed at our banking industry and it's relationship with our government. Michael Moore pointed that out. I already knew that but if you don't I suggest you go see the movie as a starting point. If the movie draws plight to our cause for higher pay then so be it. Maybe people will start buying tickets on something other than the absolute lowest cost.
Last edited by Luckydawg; 10-12-2009 at 09:36 AM.