I hear new employees lament that they will never enjoy the life their predecessors had pre-deregulation, but most of them wouldn't have been able to get a job in the much smaller airline industry anyway.
Jobs? Perhaps. Careers? Certainly not.
Our economy provides aerospace the chance to lead the world in: Air frieght, aircraft manufacturing (commercial and bizjet), and fractional. Even this economy's LCC do well. But what about legacies? With all the regulation trained on them in this supposed de-regulated environment they've been excluded from doing the same. I don't think we can ascertain what the career would have been, or how big it would have been, the further we go. But I think these other aerospace sectors give us a glimpse. And I vehemently believe it is hardly blastphemy to point out that SWA has perhaps not been the greatest airline ever. It's just an opinion guys.