nycbusdriver
Veteran
They hang onto outdated concepts like Defined Benefit Pensions, cradle to grave medical coverage and the seniority system for example.
These were all good things but to hang an entire movement on elements that oft times are NOT economically viable in many industries.
Defined Benefit Pensions are not the problem. The fact that companies can legally go years without making contributions to those plans until they are untenable is the problem.
When the USAirways pilots lost/gave up their DB plan in 2003, we were given a lesser Defined Contribution Plan (which you are touting) which Siegel said would save humanity. Lo and behold, the DC plan required that payments ACTUALLY BE MADE to the plan participants, and suddenly this, too, was outrageously expensiveand unaffordable.
It seems to me that you are a staunch proponent of the capitalist system. That's OK. To a large degree, I am, too. What you seem to be missing is that for any capitalist system to remain healthy AND capitalist, there needs to be a very large middle class. Greed at the top of the system will eventually bleed the system dry. And that's what we are seeing daily in the United States.
Just as we witnessed the inevitable collapse of the communist economic system, we may also live to see the collapse of the capitalist system in this country due to the lack of any protection for the dwindling middle class. The airline industry is a microcosm of the process; if you think service sucks now, just wait a few more years. As a "preferred," you will be lucky to get an employee to even talk to you, let alone have the time or inclination to give you any service.