Any "Latest & Greatest" about Endeavor?
Gets Weekends Off
Joined: Nov 2016
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The thing that sucks about EDV is there is no movement off the top, it all comes out of the middle.
Anything less than what we are making now is a pay cut. It's pretty simple. If less money is going into my bank account every two weeks then I consider that making less money. Call it short-sighted, but that's what the regionals are.
Regional pilots aren't supposed to be 50+ years old worrying about 30 year pay scales. They should be 20 somethings trying to pay off student loans. Hourly pay is god, and the 10+ year guys should have absolutely zero incentive to stay.
These negotiations should be completely focused on 0-5 year guys and forget everyone else. Selfish? Yes. Smart move by the airline for the times we are in? Yes.
Regional pilots aren't supposed to be 50+ years old worrying about 30 year pay scales. They should be 20 somethings trying to pay off student loans. Hourly pay is god, and the 10+ year guys should have absolutely zero incentive to stay.
These negotiations should be completely focused on 0-5 year guys and forget everyone else. Selfish? Yes. Smart move by the airline for the times we are in? Yes.
Your philosophy will not.
Gets Weekends Off
Joined: Feb 2016
Posts: 2,559
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Imagine for a moment it's 2008, and you are about to retire. Except... your 401K that you are talking about is cut in half, or more. That "retirement income" you saved up for all those years, wiped out by an economic downturn.
What now? Just keep working?
What now? Just keep working?
Gets Weekends Off
Joined: Feb 2016
Posts: 2,559
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Comparing the two statements at the same time, his and yours, I would agree with him.
9E far from sucks. It was never intended to be, and it will never be, close to the legacies for pay. Heck, it doesn't even hold a candle to B6 for pay, other than first year.
9E far from sucks. It was never intended to be, and it will never be, close to the legacies for pay. Heck, it doesn't even hold a candle to B6 for pay, other than first year.
Gets Weekends Off
Joined: Sep 2016
Posts: 480
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Or you can buy gold.
I bought some florida properties so i can do the slum lord thing long into my retirement and the market be damned.
Gets Weekends Off
Joined: Feb 2016
Posts: 2,559
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Yes. It will rebound. But if you were 65 in 2008, and your account is now back to where it was in 2006, you had to work an additional 11 years while waiting to sit back and relax. Oh, but I mean real work, not being a pilot sitting on your throne.
All hail the mighty 401k. (Sarcasm)
All hail the mighty 401k. (Sarcasm)
Yup. The supreme court decided that pensions under plan A can be robbed from you at any time and 401k is a silver metal. Work an extra few years (at walmart if you have to) because the 401k will supposedly eventually rebound the 50% you lost, like today, and your retirement is restored.
Or you can buy gold.
I bought some florida properties so i can do the slum lord thing long into my retirement and the market be damned.
Or you can buy gold.
I bought some florida properties so i can do the slum lord thing long into my retirement and the market be damned.
Gets Weekends Off
Joined: Sep 2016
Posts: 480
Likes: 0
Yes. It will rebound. But if you were 65 in 2008, and your account is now back to where it was in 2006, you had to work an additional 11 years while waiting to sit back and relax. Oh, but I mean real work, not being a pilot sitting on your throne.
All hail the mighty 401k. (Sarcasm)
All hail the mighty 401k. (Sarcasm)
401k is the best of a bad situation and works for the majority of Americans
Gets Weekends Off
Joined: Oct 2013
Posts: 507
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I guess you guys never heard of down playing.
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