PITbull
Veteran
- Dec 29, 2002
- 7,784
- 456
Market forces and economics played a huge role in it all. Just like it did to the steel and auto industry. Just like it has even done in recent years to IT/programming jobs that have moved offshore to the lowest bidder.
These are all things you can't necessarily pin on a group of greedy CEOs or union reps. If you took all the money from the golden parachutes given over the years, they still wouldn't have put much of a dent in the airline labor costs that were already rising to unattainable levels before 9/11.
Reality isn't fair. Life isn't fair.
Run that by us again...economic what??...this industry will collectively profit this past year in the billions!!!! Two MAJORS are still in bankruptcy and one major just got out 14 months ago. Unlike Steel which never recovered, and auto that has not recovered and may not.
Economic forces and busted contracts ARE MAKING THIS INDUSTRY SOAR FOR THE EXECS, SHAREHOLDERS AND INVESTORS..all on the backs of labor who are impoverished!
Get you shitttt together and take your head out of your azzzzz.
In the final analysis, it's really all of our faults.
We all allowed Wall Street to maximize profits with little thought to who or what was paying the price for the profits, stock market gains and dividends.
We continued to vote for elected officials who didn't have the interests of the people at heart, but rather business.
We shop at Wal-Mart, a company who is a preditor and runs out all the locally-based businesses and then doesn't provide a liveable wage and full health care to it's workers so that they need public health care and food stamps.
We stopped saving money, but spent money we didn't have on big cars and other luxury items despite not having the money to pay for those items when we bought them, making the bankers into robber barons.
The list goes on and on, but it all comes down to greed.
The Corporate Bankruptcy laws shield a company and allow labor, creditors and shareholders to lose everything through the process of achieving their "clean slate". Even if it takes a couple of times.
Who's fault? The pilots shoulder alot of the blame, just as they should be commended for saving the company.
Does it make sense that a pilot should walk away with a nearly $2 million severence? Great if you can get it - but like social security, it was too good to last. The blame should be directed at your former colleagues.
Making a stand would have put everyone out of work, how can you still deny that?
There are alot of folks out there flying planes for under $100k, and until that supply of pilots goes away, you'd better be prepared to work with management on a mutually beneficial agreement.
Just wait until pilotless aircraft hit the market. How long do you think travelers will be willing to pay double the price just to have a human up front?
Yea...only the Execs should walk away with millions in retirements...like Home Depot CEO who just received a severance package of $200 million. Not a retirement; just his damn severance. Corporate has soared in this economy and real earnings for the working class has stagnated and in many cases for many folks declined.