There's also this small issue of supply and demand with regard to aircraft mechanics, or any other trade, for that matter.
You may not have been in the work-world when the big people-demand was for data processing. Everybody and their blasted dog went to school to learn about computers (I AM an old fart); so many,in fact, they cut their own throats by the supply of bodies far outstripping the demand; the pay rates dropping off the cliff and crashing at the bottom.
The same theory goes for aircraft mechanics. Less than 1000 at NWA due to the Republican (synonymous with big business and campaign contributions) embrace of outsourcing. There's 9000+ mechanics loose - where did they go and for what pay? How many other airlines that once did their own maintenance have outsourced that work to God-knows-where? How many mechanics did those actions displace? What I'm asking is: "How many loose mechanics are out there chasing a paycheck?" The answer is "many", and quite a few are finding work at the 'chop-shops' but at a considerably lesser payscale because of the oversupply in the trade.
By contrast, consider the inability of the manufacturing sector in Tulsa to find machinists that are worth a damn and can pass a drug test. The wages for these people went down the tubes about 20+ years ago. These people found other things to do with themselves. Some area shops are paying their machine-trades personnel what some aircraft mechanics still believe they are worth to start, just to steal them away from non-responsive employers.
Worth? Perhaps, but the businesses will always fall back to the lowest common denominator when there's an oversupply in a particular trade. These devils have weekly reports sent to them telling if they're paying the 'knuckle-draggers' too much. There are companies out there that gladly provide this manner of info., for a fee, of course.
AA, mainly because of peer pressure (other airlines) and what they perceive as the 'market rate', is in no hurry to set a precident re: mechanic pay and benefits. This would be the business equivalent of messing the nest.
Just remember - if we could figure a way to take what we want from the shareholders (as the executives did with their stock bonuses) and not from the company ( as would be the case with operating expenses such as mechanic wages and benefits), we could probably have all we wanted, providing we didn't foul up the executive paydays (shareholder rape), regardless of which union or association collects the dues.
Goose I personally have no problem with getting compensation in the form of stock, I do not want to lose what I have now, but
as for a current raise up from where we are, I will take stock in a heart beat, I would hope they would be generous with it of course
being as it is not super cheap like it was when they gave us some in 2003.
I like stock.
If AA gave us a bunch of stock and we all pulled together to make the Airline money then we would all make money
as the stock went up and it would not cost AA money only the current shareholders would get burned.