Congrats On Voting Down This POS
07-25-2023 | 08:40 PM
#51
Line Holder
Joined: Apr 2007
Posts: 916
Likes: 2
Never ever thought I’d be saying this, but I’m soooooooo happy to continue for the next 1-2-3 yrs, however long it takes under CBA 2015! And I thought THAT was a turd! Even with no pay raise and none in the future I’m maxed out (17 yrs here). We dodged a bullet. But I still think it won’t be that long. FDX has not been the prettiest girl at the prom for a few years now….and now I think we’re looking even more ugly compared to our sexier pax carriers. I mean who on earth would come here now?
Fdx is THE LAST carrier to not pony up to pay the pilots, I mean how embarrassing!
Fdx is THE LAST carrier to not pony up to pay the pilots, I mean how embarrassing!
07-25-2023 | 08:51 PM
#52
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Joined: Aug 2015
Posts: 26
Likes: 0
Strictly mathematically speaking, at some point you do't need to see pay raises that match inflation to keep up with the cost of living increase. That's all I'm saying.
07-25-2023 | 11:36 PM
#53
Gets Weekends Off
Joined: Dec 2006
Posts: 2,097
Likes: 0
Never ever thought I’d be saying this, but I’m soooooooo happy to continue for the next 1-2-3 yrs, however long it takes under CBA 2015! And I thought THAT was a turd! Even with no pay raise and none in the future I’m maxed out (17 yrs here). We dodged a bullet. But I still think it won’t be that long. FDX has not been the prettiest girl at the prom for a few years now….and now I think we’re looking even more ugly compared to our sexier pax carriers. I mean who on earth would come here now?
Fdx is THE LAST carrier to not pony up to pay the pilots, I mean how embarrassing!
Fdx is THE LAST carrier to not pony up to pay the pilots, I mean how embarrassing!
We didn't vote in the major concessions TA1 contained out of a sense of impatience with the RLA process.
We didn't vote in an Unsat agreement which equated to less pilots required due to gained efficiencies, out of fear of not knowing how long this process will take.
Proud of our group for saying enough is enough.
07-26-2023 | 09:02 AM
#55
On Reserve
Joined: Aug 2015
Posts: 98
Likes: 0
From: Counting down the bid packs
Ok, I was just being polite. You still don't understand or you are just not trying. CPI of course is not for an individual. As I said it is regional at best. No one said the cost of items would double or triple or multiply by the number of times you make over the average. But regardless of how much you make the CPI gives a "rough" idea of how much inflation has impacted "your standard of living". If the CEO makes 100,000,000 then yes he/she will need to spend 17M more for the same standard of living they had previously. The Yachts cost more, the expense to have your private jet fly you around costs more, the taxes on your Estate at the Vineyard goes up. Everything cost roughly 17% more than it did previously. Can you personally offset some aspects of inflation. Of course, you refinanced your house. Your interest expense is now less. However, your taxes are more, your insurance costs more, the repairs cost more, etc. It is roughly 17% for the "most" people. You might be less or you might be more, but as a group the cost is 17%. TC is not being disingenuous. He's using the Gov't numbers. Not YOUR personal number. If your expenses did not go up by 17% over the last three years then that's great for you. Mine is much more, so it sucks to be me. But to say because you make more means your costs don't go up is stupid. The percentage of how much you spend on certain items might be less than someone earning the average national wage, but it total whatever you bought in 2020 now costs 17% more in 2023. That's what CPI means. The average price you paid for whatever in 2020 now cost 17% more in 2023. To keep pace with that inflation your earnings must also increase by 17%.
Actually, it's you that doesn't seem to understand. That 17% CPI increase you love to reference is for the average American consumer. Just because you make 5x the average doesn't mean your basket of goods is 5x more expensive. Do you pay $15 for a pound of butter? Does Tim Cook pay $15k for that same pound? No. You may take nicer vacations and only eat Wagyu beef but that ISN'T what CPI is measuring.
Wireless telephone service (not hardware) is one part of the basket of goods and services. It accounts for 1.445% of the average consumers monthly expenses...about $1000 a year for someone making $70k. Are you really spending $5000+ a year on you cell phone plan? Did it go up $70 a month in the past two years? Doubtful. Which is why CPI doesn't correlate well to people in the top 10% of wage earners.
Do I want a nice big raise? Sure. But people misrepresenting a $50k raise as not even a COLA don't understand inflation. That $50k raise would be > a 70% increase for the "average" American. Are you going to argue they are barely keeping up with inflation?
07-26-2023 | 09:06 AM
#56
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Joined: Aug 2018
Posts: 93
Likes: 0
From: Sitting down, I get up and walk around so it just depends
Actually, it's you that doesn't seem to understand. That 17% CPI increase you love to reference is for the average American consumer. Just because you make 5x the average doesn't mean your basket of goods is 5x more expensive. Do you pay $15 for a pound of butter? Does Tim Cook pay $15k for that same pound? No. You may take nicer vacations and only eat Wagyu beef but that ISN'T what CPI is measuring.
Wireless telephone service (not hardware) is one part of the basket of goods and services. It accounts for 1.445% of the average consumers monthly expenses...about $1000 a year for someone making $70k. Are you really spending $5000+ a year on you cell phone plan? Did it go up $70 a month in the past two years? Doubtful. Which is why CPI doesn't correlate well to people in the top 10% of wage earners.
Do I want a nice big raise? Sure. But people misrepresenting a $50k raise as not even a COLA don't understand inflation. That $50k raise would be > a 70% increase for the "average" American. Are you going to argue they are barely keeping up with inflation?
Wireless telephone service (not hardware) is one part of the basket of goods and services. It accounts for 1.445% of the average consumers monthly expenses...about $1000 a year for someone making $70k. Are you really spending $5000+ a year on you cell phone plan? Did it go up $70 a month in the past two years? Doubtful. Which is why CPI doesn't correlate well to people in the top 10% of wage earners.
Do I want a nice big raise? Sure. But people misrepresenting a $50k raise as not even a COLA don't understand inflation. That $50k raise would be > a 70% increase for the "average" American. Are you going to argue they are barely keeping up with inflation?
fellas, I have 4 car payments, 3 private college, a wedding, 2 houses, boat, plane, ex, a sweet little 24 yr old grad student gf. When can we get this TA passed?
07-26-2023 | 09:09 AM
#57
On Reserve
Joined: Aug 2015
Posts: 98
Likes: 0
From: Counting down the bid packs
Never ever thought I’d be saying this, but I’m soooooooo happy to continue for the next 1-2-3 yrs, however long it takes under CBA 2015! And I thought THAT was a turd! Even with no pay raise and none in the future I’m maxed out (17 yrs here). We dodged a bullet. But I still think it won’t be that long. FDX has not been the prettiest girl at the prom for a few years now….and now I think we’re looking even more ugly compared to our sexier pax carriers. I mean who on earth would come here now?
Fdx is THE LAST carrier to not pony up to pay the pilots, I mean how embarrassing!
Fdx is THE LAST carrier to not pony up to pay the pilots, I mean how embarrassing!
07-26-2023 | 09:17 AM
#58
Line Holder
Joined: Jul 2010
Posts: 268
Likes: 1
From: BE-20, LR35
Originally Posted by TheBaron Deux;[url=tel:3673078
3673078[/url]]Actually, it's you that doesn't seem to understand. That 17% CPI increase you love to reference is for the average American consumer. Just because you make 5x the average doesn't mean your basket of goods is 5x more expensive. Do you pay $15 for a pound of butter? Does Tim Cook pay $15k for that same pound? No. You may take nicer vacations and only eat Wagyu beef but that ISN'T what CPI is measuring.
Wireless telephone service (not hardware) is one part of the basket of goods and services. It accounts for 1.445% of the average consumers monthly expenses...about $1000 a year for someone making $70k. Are you really spending $5000+ a year on you cell phone plan? Did it go up $70 a month in the past two years? Doubtful. Which is why CPI doesn't correlate well to people in the top 10% of wage earners.
Do I want a nice big raise? Sure. But people misrepresenting a $50k raise as not even a COLA don't understand inflation. That $50k raise would be > a 70% increase for the "average" American. Are you going to argue they are barely keeping up with inflation?
Wireless telephone service (not hardware) is one part of the basket of goods and services. It accounts for 1.445% of the average consumers monthly expenses...about $1000 a year for someone making $70k. Are you really spending $5000+ a year on you cell phone plan? Did it go up $70 a month in the past two years? Doubtful. Which is why CPI doesn't correlate well to people in the top 10% of wage earners.
Do I want a nice big raise? Sure. But people misrepresenting a $50k raise as not even a COLA don't understand inflation. That $50k raise would be > a 70% increase for the "average" American. Are you going to argue they are barely keeping up with inflation?
Inflation is not a measure of butter cost as a percentage of one’s wages. Prices in stores are listed in real dollars not as a percentage of someone’s W2 earnings. Those with less hit 100% of their income being spent on basic needs prior to someone making more than the national average. However, for those making 3-4x the median income, the normal basket of goods that those folks buy begins to take up a larger amount of their total take home earnings which leaves less for discretionary spending, investment, etc.
Long story short, inflation has an impact on everyone. You’re making a dramatically different argument and I’m not sure what you’re trying to prove.
07-26-2023 | 11:47 AM
#59
On Reserve
Joined: Aug 2015
Posts: 98
Likes: 0
From: Counting down the bid packs
Yes inflation has an outsized impact on the quality of life for poorer people. However, there are significant impacts on consumer spending that hit people in our tax bracket as well, and those changes in spending work their way through the rest of the economy.
Inflation is not a measure of butter cost as a percentage of one’s wages. Prices in stores are listed in real dollars not as a percentage of someone’s W2 earnings. Those with less hit 100% of their income being spent on basic needs prior to someone making more than the national average. However, for those making 3-4x the median income, the normal basket of goods that those folks buy begins to take up a larger amount of their total take home earnings which leaves less for discretionary spending, investment, etc.
Long story short, inflation has an impact on everyone. You’re making a dramatically different argument and I’m not sure what you’re trying to prove.
Inflation is not a measure of butter cost as a percentage of one’s wages. Prices in stores are listed in real dollars not as a percentage of someone’s W2 earnings. Those with less hit 100% of their income being spent on basic needs prior to someone making more than the national average. However, for those making 3-4x the median income, the normal basket of goods that those folks buy begins to take up a larger amount of their total take home earnings which leaves less for discretionary spending, investment, etc.
Long story short, inflation has an impact on everyone. You’re making a dramatically different argument and I’m not sure what you’re trying to prove.
My point is very simple. To argue that the TA pay raise did not keep up with inflation is incorrect. Yes there is inflation, but the CPI doesn't measure it accurately for high wage earners. That isn't its intent. We are not in the part of the bell curve where that data is valid. That's like claiming an IQ test designed for a 4 year old would adequately test the intelligence of a 30 year old.
Plenty of legitimate reasons have been given as justification for voting No on the TA. The COLA pay raise isn't one of them.
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