CBreezy

While I have nothing against Libertarians, I wouldn't call a book by a Libertarian proof that it was the government's fault. Subprime Mortgages were not the reason for the crash. It's the same argument. Guns don't kill people. The banks did.

Xtreme87

The government is owned by the banks. They work hand in hand.

MartinBishop

Well, kind of, but also the other point is that the government (Fed) was forcing banks to make loans they shouldn't have made.

Thedude

Sliceback is correct.
I had a buddy from college that graduated as an engineer and went into that field upon graduation. He walked right into a job while I had to jump through a bunch of hoops for about a year to get my first flight instructing job. I shared an apartment with him up until he was married and he did out earn me for the first 10 years.

Maybe you just got lucky.

NEDude

In 1992, when I was working on my CFI-I, my instructor thought he hit the jackpot when he got hired by Precision Airlines to fly a DO-228 (19 seat unpressurised turboprop). He had over 4,000TT and had to pay almost $15k for the job. First year pay was under $12k.

I spent close to a year sending out resumes in an attempt to get an instructor job after getting my CFI and CFI-I and got no bites. Almost every response was along the lines of "If you had 1,000 hours or more of dual given we might be willing to look at you". I was out of aviation for nearly six years after that, getting my degree and working a "real" office job before a business trip spurred me back in to aviation just at the wrong time again - landed my first airline job in the spring of 2001...

Xtreme87

Not kind of. When money from banking, oil, pharmaceutical, etc. Literally pays off your 'elected' officials in order to get laws passed in their favor, that is a bought government.

Sliceback

I should have written 'earnings to date, to include cost of education.'

There's always exceptions but that's my estimate of the average career expectation. Daughter's friend, three years post college, is already about $100,000 ahead of a buddy's son that stare flying at the same time. And the engineer is still out earning thecson by about $30,000/yr. Using current average hiring data he's about 7-9 years before he reaches pay parity but he'll be about $300,000 behind in total earnings/pilot license cost. That's 10-12 years since the start of work. But five years later he'll be out earning the average engineer by about $50,000/yr and the income gap will be increasing thereby reducing the total career value shortfall. Using this math I'm coming up with maybe 17-19 yrs to reach the same career value, at which point the current average career earnings looks to be 2x the engineers salary.

deadstick35

And how many birthdays, holidays, or recitals will that pilot have missed over the 17-19 years? And the engineer?

CBreezy

Why is that a metric? How many birthdays, holidays, or recitals nurses and doctors make? If you wanted a 9-5, you should have gone with a 9-5. Flying is shift work and shift work means you miss things.

LRSRanger

Don't forget compounding interest from retirement investment made earlier on in the career progression, and asset appreciation like a home purchased vs renting. I'm convinced there is significant opportunity cost in addition to the spreadsheet pay disparity.

Oh, and don't forget to factor in alimony and child support...



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