You copy and paste a quote from Janet Yellen? Or are you just that easy to manipulate? Remember, she was part of a previous administration, which lead the worst economic recovery since World War II.

The REAL Unemployment rate is our biggest issue, we need to, and can, get that back to 2019 unemployment numbers. Taxing the rich more, and raising the minimum wage, will be counterproductive. That tax increase will make it’s way down to the common man, by some type of offset (concessions). Sound familiar?????? We need to focus on GDP growth to pay off this debt, that starts with getting people back to work.

 

Surely you've realized by now that pilots are automatically experts in economics, infectious disease, vaccines, race relations, politics, the homeless, the environment, the evils of California, and so on......

 

We're also good marriage counselors too.

 

This was brought on by covid which shutdown several saw mills due to the fear of infection. People staying at home deciding to remodel increased the demand five fold. Millions of acres of lumber destroyed by the fires last year. It was a perfect storm leading to a shortage of supply and huge demand. Once again, caused by a 100 year storm called COViD.

 

Experience counts! Those on their 4th generally have great advise.

 

Bloomberg: The pandemic proved how much work could be accomplished with a screen and an internet connection, much to the detriment of airline profits.

I spend a lot of time around lawyers, so I can tell you with some authority that they were thrilled by one aspect of their work lives during the pandemic. They stopped flying. Lawyers who spent most weeks jetting from one courtroom to another were suddenly spending their time at home, communing with their families for the first time since forever.

More to the point, at least for our purposes, they were still able to work, thanks to Zoom and other conference apps. Status hearings that required cross-country travel could now be wrapped up from home in an hour or so. Most depositions could be conducted by Zoom as well. Yes, complex trials and important hearings would require lawyers to appear in person, but the routine stuff? No way. Not a single lawyer I know said they would ever go back to the bad old days of nonstop travel.

The airlines say that there is pent-up demand for air travel among people who have been largely cooped up in their homes for the past year. I don’t doubt it. But you know how most people buy tickets: They try to purchase them far enough in advance so that they’re paying as little as possible. Vacationers are important to the airlines — but they’re not nearly as important as business travelers, who often buy tickets at the last moment and are far less price-sensitive because their companies are picking up the tab. According to travel software firm Trondent Development Corp., business travelers account for 12% of the passenger base but 75% of airline profits.

A lot of those profits are never coming back. The law isn’t the only industry that has come to realize that much of its travel was unnecessary. Salespeople might need to travel to close a deal, but not for routine catch-ups with clients. Consultants can offer their advice from their home office. Internal business meetings really don’t require the senior vice president of marketing to fly in from Chicago or San Francisco or wherever.

The internet, through Netflix and other streaming services, disrupted the television industry, causing profits to tumble. Facebook and Google decimated the newspaper industry. And now, thanks to Zoom and the pandemic, the airlines are going to discover what it’s like to be disrupted. It’s not going to be fun for their shareholders or their employees. But it’s inevitable.

 

This is a big reason why I left. I could never see the airlines being profitable enough again to pay the same (or higher) wages we were getting pre-COVID

 

​​​​​​​

Troll fight!

 

We need a like button.


Sent from my iPhone using Tapatalk

 

<like> <like> <like>