FO Pay
06-05-2022 | 07:40 AM
#41
Prime Minister/Moderator
Joined: Jan 2006
Posts: 45,127
Likes: 796
From: Engines Turn or People Swim
Yeah and the fact that AS is even on the list screams large high COL west coast location. And I know all the guys who live in a Midland or Little Rock and play the municipal course will be like "just move" but if the kids are anchored with the ex, you're stuck.
06-05-2022 | 07:42 AM
#42
That/It/Thang
Joined: Aug 2020
Posts: 3,501
Likes: 367
Times are great when guys are needing, and can, make $110k first year.
When it eventually crashes, as it always does, some people will be in for a shocker. Ignorance is bliss when you only know the upside of this career.
When it eventually crashes, as it always does, some people will be in for a shocker. Ignorance is bliss when you only know the upside of this career.
06-05-2022 | 08:04 AM
#43
Gets Weekends Off
Joined: Sep 2008
Posts: 341
Likes: 0
I believe there’s a stipulation that your 401k loan has to be from the current employer’s 401k program. If you’re no longer working there you have six months to pay it back or pay a penalty.
06-05-2022 | 08:20 AM
#44
Gets Weekends Off
Joined: Dec 2012
Posts: 2,773
Likes: 63
06-05-2022 | 08:20 AM
#45
Gets Weekends Off
Joined: Mar 2015
Posts: 963
Likes: 0
Seriously? If a child born today can't get a $1m/yr new-hire job before he retires then pay isn't keeping up with inflation.
06-05-2022 | 09:08 AM
#46
That/It/Thang
Joined: Aug 2020
Posts: 3,501
Likes: 367
Yup because this industry has always followed a linear pay progression, keeping up with inflation. Never had any downturns in the industry where rates were reset, pilots furloughed, pension plans gutted. Sure, that will never happen again. Million dollar starting just around the corner. Sure…sure.
06-05-2022 | 09:17 AM
#47
Prime Minister/Moderator
Joined: Jan 2006
Posts: 45,127
Likes: 796
From: Engines Turn or People Swim
Verify that's possible with the new employer. It's legal but the specific plan also has to allow it.
Worst case, like I said, cash out the new 401k and eat the penalty.
06-05-2022 | 10:18 AM
#48
Line Holder
Joined: Jan 2007
Posts: 784
Likes: 2
a Honda Accord starts at $40k out the door today. The average home is quickly approaching $400k and is even more expensive in many airline bases. 100k for an adult person with adult responsibilities isn’t much at all. You can make that sort of money doing unskilled work. The post has been moved quickly and we as a profession aren’t doing ourselves any favors by admonishing folks who cant make it on $20/hr like we’d like to remember we could.
06-05-2022 | 10:29 AM
#49
That/It/Thang
Joined: Aug 2020
Posts: 3,501
Likes: 367
a Honda Accord starts at $40k out the door today. The average home is quickly approaching $400k and is even more expensive in many airline bases. 100k for an adult person with adult responsibilities isn’t much at all. You can make that sort of money doing unskilled work. The post has been moved quickly and we as a profession aren’t doing ourselves any favors by admonishing folks who cant make it on $20/hr like we’d like to remember we could.
You realize you can comprehend these are good times, and also realize the industry has a history of kicking pilots in their nuts while enjoying the good times. Starry eyed is great until it isn’t. And check the tape, I didn’t admonish anyone, simply pointing out how good things are currently that this is a barrier to entry for some people.
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