30% Raise DOS and 25% DC
08-30-2022 | 12:42 PM
#161
Line Holder
Joined: Sep 2014
Posts: 921
Likes: 14
Many of us are expecting a massive check. I am being realistic, I’m using my head AND my calculator AND my awareness of inflation. Lucky for them, Delta is already charging ticket prices that greatly exceed inflation, so they’ll be just fine when we each eventually get our interest-free loans paid off in full. Just because they’re hoarding your money doesn’t mean the size of the ultimate payoff should reduce your justified demands. Have a little self respect and know the value you have added to this operation since the amendable date!
08-30-2022 | 12:54 PM
#162
Gets Weekends Off
Joined: Apr 2007
Posts: 5,526
Likes: 481
https://www.bls.gov/cpi/quality-adjustment/home.htm
For a simplified example, the latest smart phone in 2019 was $1,000. In 2022 the latest smart phone is also $1,000 but because it has twice the memory and double the processing power with a larger screen it is ascribed a value of $700. It is 30% better for the same money. When the hedonic index of smart phone cost is applied, it is now represents only $700 in the CPI instead of $1,000, even though a smart phone costs $1,000. Your internet is twice as fast now for the same rate you paid 3 years ago. That just put 50% deflation on the cost of internet into the CPI, even though you still pay the same for internet. A new car has better features, so hedonic indexing reduces the value in CPI. New houses have smart wiring, energy efficient HVAC, better windows, so a hedonic index is applied since you are getting more. Real inflation is much higher than CPI.
A more complex real world example.
Financial education is intentionally absent from the public education system.
Last edited by Gunfighter; 08-30-2022 at 01:09 PM.
08-30-2022 | 12:57 PM
#163
Gets Weekends Off
Joined: Apr 2007
Posts: 5,526
Likes: 481
08-30-2022 | 01:08 PM
#164
Line Holder
Joined: Sep 2014
Posts: 921
Likes: 14
08-30-2022 | 01:14 PM
#165
Can’t find crew pickup
Joined: Jun 2021
Posts: 3,036
Likes: 187
You’re an apologist for Delta. What did “whoops our bad” fuel hedges cost? Bankrupt joint ventures cost? What’s endeavor cost?
Give it a rest with the Delta apology tour. Bottom line is these a-holes should have had a contract signed sealed and delivered in 12/31/2019.
Ya know, during our most profitable time. When there were no excuses.
Times have changed and like a typical American you’ve forgotten that. You instead come up with excuses for these sad empty suits who run this place, as opposed to being ****ed off we aren’t on the verge of opening C2024 negotiations a year early.
I am pretty sure 12/31/19 guys would’ve settled for a 20% DC, and a 10/7/7/5 raise. Instead. Here we are.
Give it a rest with the Delta apology tour. Bottom line is these a-holes should have had a contract signed sealed and delivered in 12/31/2019.
Ya know, during our most profitable time. When there were no excuses.
Times have changed and like a typical American you’ve forgotten that. You instead come up with excuses for these sad empty suits who run this place, as opposed to being ****ed off we aren’t on the verge of opening C2024 negotiations a year early.
I am pretty sure 12/31/19 guys would’ve settled for a 20% DC, and a 10/7/7/5 raise. Instead. Here we are.
😜
08-30-2022 | 01:48 PM
#166
Gets Weekends Off
Joined: Dec 2013
Posts: 2,567
Likes: 68
What is your opinion? You really haven't said anything other than people wanting retro are crazy for asking for so much. I have my NO vote ready and my strike fund fully ready to sit out for 2 years. If the company can cough up these staggering amounts of cash for regional pilots they can cough it up for us. The bar has been raised. Go ahead and set your expectations low but I can tell you now if any part of this contract is underwhelming my no vote will cancel out your yes vote.
08-30-2022 | 01:57 PM
#167
Gets Weekends Off
Joined: Sep 2021
Posts: 274
Likes: 1
This is a reasonable starting point, but the CPI is not an accurate number. The downward pressure of hedonic indexing distorts the real value of inflation.
https://www.bls.gov/cpi/quality-adjustment/home.htm
For a simplified example, the latest smart phone in 2019 was $1,000. In 2022 the latest smart phone is also $1,000 but because it has twice the memory and double the processing power with a larger screen it is ascribed a value of $700. It is 30% better for the same money. When the hedonic index of smart phone cost is applied, it is now represents only $700 in the CPI instead of $1,000, even though a smart phone costs $1,000. Your internet is twice as fast now for the same rate you paid 3 years ago. That just put 50% deflation on the cost of internet into the CPI, even though you still pay the same for internet. A new car has better features, so hedonic indexing reduces the value in CPI. New houses have smart wiring, energy efficient HVAC, better windows, so a hedonic index is applied since you are getting more. Real inflation is much higher than CPI.
A more complex real world example.
Financial education is intentionally absent from the public education system.
https://www.bls.gov/cpi/quality-adjustment/home.htm
For a simplified example, the latest smart phone in 2019 was $1,000. In 2022 the latest smart phone is also $1,000 but because it has twice the memory and double the processing power with a larger screen it is ascribed a value of $700. It is 30% better for the same money. When the hedonic index of smart phone cost is applied, it is now represents only $700 in the CPI instead of $1,000, even though a smart phone costs $1,000. Your internet is twice as fast now for the same rate you paid 3 years ago. That just put 50% deflation on the cost of internet into the CPI, even though you still pay the same for internet. A new car has better features, so hedonic indexing reduces the value in CPI. New houses have smart wiring, energy efficient HVAC, better windows, so a hedonic index is applied since you are getting more. Real inflation is much higher than CPI.
A more complex real world example.
Financial education is intentionally absent from the public education system.
Company gotta pay up 30% just to bring us up to 2019 levels. Then they gotta pay up to allow for the fact that airlines are commodities and pilots are diamonds.
Why can't we have a built in CPI+ inflation bump after the next amendable date. WHAT ARE WE SO AFRAID OF. Do we really believe the company doesn't know all this. If they still want to try to squeeze us after all that - its on us if we take that hot poker. DONT DO IT. Just SAY MO - in the worlds of Damon Wayans "Mo Money, MO Money, MO MONEY!"
This is our first chance to be on Top - let not squander it
08-30-2022 | 02:09 PM
#168
Gets Weekends Off
Joined: Aug 2011
Posts: 2,583
Likes: 15
From: Hoping for any position
What would have gotten a yes vote from you in 2020?
08-30-2022 | 03:08 PM
#170
Line Holder
Joined: Sep 2014
Posts: 921
Likes: 14
What is your opinion? You really haven't said anything other than people wanting retro are crazy for asking for so much. I have my NO vote ready and my strike fund fully ready to sit out for 2 years. If the company can cough up these staggering amounts of cash for regional pilots they can cough it up for us. The bar has been raised. Go ahead and set your expectations low but I can tell you now if any part of this contract is underwhelming my no vote will cancel out your yes vote.
