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Airline Pilot Pay and Attitudes...

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Anthony's remarks about environmental issues shows thought and concern. I have been to other parts of the world as well.

Someone called environmentalists "envirowackos". How mature.... NOT!

While I'm not a tree hugger, we do have only one planet on which to live, and we all have a responsibility to manage it properly.

I flew for a 135 operator in Maine and saw the devastating effects of clear-cutting. Huge areas of forests were destroyed.

Yes, there are problems with the way the environment has been managed, in a variety of ways, both from polluters and people who allow deer overpopulation to occur. Name-calling does not solve these kinds of problems or issues.
 
Anthony:

Kudos to you if this is the lifestyle you feel is right for you and yours. Personally, I am making a killing financially with my side business and I don't regret every penny I make at CAL. Why?

To give my family the best of everything. If you want to have your's live on 80K a year...... fine. However don't try and make others feel guilty about their success be it financial or with a career.

80K, sheesh, thats not even half of what I paid in taxes last year.
 
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Do you think the mechanic who fixed the engine on your plane is any less responsible for the lives on your plane. Where is his 200K.

Pilots make more money than mechanics for one simple reason. When the pilot screws up, the pilot is dead. When the mechanic screws up, the pilot is dead.
 
....time to go missed....

Anthony originally posted -
"And that is why your companies are going broke, because they have too many selfish pilots working for them. Someone recently sent me a private post that was fitting, "Many Airline pilots can't see the forest through the trees."

I wish you could save the sweeping comments for subjects you actually have first hand experience with. The second and third hand (questionable at best) information regurgitation and broad brush comments detract from your thoughtful intentions.
:confused:
 
EAP

Good advise. I do believe it's time to go missed.... I sense that I'm getting a bit irritated at having so many responses from folks who think money is the only bottom line. My last comment was a bit raw and I apologize.

I'm curious to know what the responses would be if I posted a message on a lawyers board advocating a little restraint on their high commissions (which I know everyone of you guys would agree can be a bit excessive). It would probably be similar to taking a baseball bat to a hornets nest.

Best of luck to you all, AJ
 
Red Ink

In case no one's noticed... Life is not fair.

What people get paid realy has absolutely nothing to do with how "hard", "skilled", "dangerous" thier job is. I know a person who answers a phone for a living (taking messages), who makes more than me.

As far as the point that regional pay sucks A$$, you are right.

Mechanic's pay. That's a sin too. (Again, read line one) Right now most wrench monkey's make more than me.

I really don't have a beef with airline pilots making gobs of money because chances are they spent many years NOT making a living wage, paying dues.

By my tally; flight training, aviation college, CFI pay, crappy 135 pay... I'm about 500,000 short of what any sane person with a degree would have made/not spent to work for a living.

Here's the kicker; I really don't care that much. I love to fly and still think I'm winning because I get to fly five days a week. Financially, I'm still a loser, but the fun meter in the green.

Blue skies
 
Come on!

------------------------------------------------------------------------------------
Dointime writes:
Quote:

"Pilots make more money than mechanics for one simple reason. When the pilot screws up, the pilot is dead. When the mechanic screws up, the pilot is dead."

------------------------------------------------------------------------------------




Do you have any concept of what a mechanics mindset is when he twists that last piece of safety wire and turns that last fastsner on the panel before he puts a pen to the logbook?

I happen to think of the 3 people in the front (freighter) that are depending on me to do the right thing.

I have gone trough more training to be able to fix, troubleshoot, diagnose, test successfully on a particular airplane than it has to get typed on it.

I toil, break my back, freeze my arse off, fingers smashed, skydrol ingestion, JET-A baths, heck, I can come up with alot more I guess. Yes, my arse dont get in most of them when I do turn that last fastsner, but my expertise, knowledge, professionalism, and knowhow is no different from the guy that puts the seatbelt on.

Plus, I have to pull the gearpin and hook the torque links together before they can even taxi, I guess I can always call the company and tell them to give me a raise before I let the airplane go, HEHE.

But seriously folks, I flyem full-time now and still work on them part-time, I been in both worlds of the airline biz, everybody involved deserves a piece of the pie.

It is a good feeling to get off from work from a long trip, and on my days off go and fixem, I don't even mind if its raining, my roots are firmly planted.

Heck, I have to, I work for a regional you know.

LR25
 
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Anthony,

yeah, guess some of my comments can be childish.....thats OK.

Just a little sick of your types who cry about life not being fair for the starving in Africa, etc...
I truly dont give a **CENSORED****CENSORED****CENSORED****CENSORED**, dont live in Africa, never will. Food dont grow in arid sand. WAKE UP.

You truly have no clue about this business if you honestly think pilots are overpaid. If a guy or gal makes it that 250K cushy job and can sit there a few years, good for them...they probably got furloughed, etc...more than a few times getting there...Uncle Sam will take his 40% to support your issues about spotted owls and tree-cutting.....dont you worry.

just another wanna be who thinks its some great "privelage" to fly an aiplane.......

Just what we need in this business.
 
Gulfstream 200

Woke up this morning and decided to check this thread one last time......again disapointment.

Again, I don't condemn those who make large salaries. If a company can aford to pay a pilot a million dollars every week, heck, I'm all for that. My observation, however, is that most of those companies can't. And I don't understand how the one-ups-manship between pilots from UAL, DAL, etc, will help their cause or their respective companies, especially when they seem to be financially strapped.

About life being not fair......that is absolutely true. And I'm not on an unrealistic crusade to make it that way. And I don't wake up in the morning crying about those in Africa. I do, however, care about my fellow humans (all people) and will share what I have to help others........even you, my friend.

Your comment about not growing food in the desert is interesting and wise. Does that also apply to LA, SLC, ELP and all the other desert cities in this country that don't have their own water supply. Does that also apply to the U.S., who, by the way consumes over 50% of the Worlds basic resources (oil, lumber, etc), but only comprise less than 10% of the Worlds population. I don't consider myself a tree-hugger, just a responsible citizen.

I wouldn't dictate to anyone how they should live their life because I wouldn't want to be dictated to. I do, however, believe that common sense, restraint, and social responsiblitiy apply in many circumstances. If I,m about to step in a hole I would hope there would be someone there who cared enough to warn me, and not wait until I fell in then steal all my possessions. If they want them that bad I'm willing to share.

Believe it or not, I care about this country and want to see it thrive forever. Believe me, it won't if we continue to foster selfishness. I'm talking about the "I got mine, so screw you!" attitude.

If I ever end up working for one of the large airline companies I certainly would never fight against my fellow pilot or cross a picket-line. I also wouldn't hurt the company I work for, even if the few top execs are raking in over a million annually. I realize that one can't always have their cake and eat it, and one must take a stance sometimes. These are moments that require CREATIVE thinking and unconventional problem solving skills. Not moments where battle lines need to be drawn in the sand.

I realize I haven't walked in your shoes, but do you need to walk in Martin Luther King's shoes to understand the plight of the Black American in the 50's/60's. Do you need to walk in the shoes of a homeless person to understand their condition. For any person with a little World experience and open mind that's not necessary. One can extrapolate.

One last comment about your attitude towards military aviators. Do you truly believe that we have leached off the taxpayers. That hurts. I would like you to tell that to my two dead brothers who were shot down in their CH-47 in Afghanistan last month while they were protecting the freedom you enjoy. Tell them that the bullets that killed them weren't real because they weren't living in the REAL World. I guess the President and all other government workers are leaches as well.

My friend, for the sake of the airline industry and this country, I pray there aren't many like you.

AJ
 
I'm not going to talk about pilot's attitudes, tree hugging or respect for military aviators. Instead, I'm going to talk about the myth of the 250k per year airline pilot.

How many of these are there? From reading the newspapers (and this board), one would believe that ALL major airline pilots make this kind of money. Nothing could be further from the truth.

First of all, approximately half of all pilots are First or Second Officers. Top pay for a copilot flying a widebody with twelve years of longevity is around $150 an hour. Multiply that by 75 hours per month and 12 months a year equals 135k per year. There, that covers half the pilots, and how many 12 year widebody FOs are there? Most FOs and SOs have less than 12 years longevity and are flying smaller equipment that pays less. A five year FO at Continental makes $100 an hour or $90k per year.

How about the 250-300k captain? I remember when UAL reached a tentative agreement with its pilots. The headlines screamed of pilots making $324 per hour. Guess what. That rate was for a 12 year 747-400 Captain at the last pay raise in the contract (May 2004). Heck, by 2004 UAL may not be flying many 747-400s. I have seen five of them parked at Victorville. Yes, that works out to 290k + but that is only for a handful of high seniority captains. The rest typically fly smaller equipment or work for other airlines that pay considerably less. A ten year Captain on the 737-800 at Continental makes $176 per hour or $158k per year.

The above are for those working at the large majors. Pilots working for airlines like Air Tran, ATA, Frontier, Spirit, Vanguard, etc. are paid considerably less than their counterparts at the majors. A $200k salary for pilots is unattainable at these airlines.

You can scream about the $250-300k pilots all you want, but realize that those who make amount are a small fraction of all airline pilots.

Finally, you must realize that all airline pilots are forced to retire at age 60. Thus, career earning potential is reduced over those in other careers who can work as long as they are physically able.
 
Anthony

I warned you at the beginning of this thread. Now you've seen it for yourself.

America's new god is the dollar. Honesty, integrity, morality, respect for self, respect for humanity, justice for all, and all those other "old fashioned" cliches (values) on which our Republic was founded are pase', outdated, unpopular, etc., etc. Most of the "new generation" doesn't even know how we got here and doesn't give a d**n about where we might be tomorrow. In today's world it's all about instant gratification. I want it all and I want it now, to h**l with you.

People like you were once a majority in this country and the ideals you preach were once its foundtion. That is no longer the case. Pronounce those ideals today and you will be vilified, chastised and if possible banished. Just read the replies you got and you have the evidence.

We have a new credo and it is no longer life, liberty and the pursuit of happiness. It is "get rich now" and by god ($$$) do whaterver you can to whomever you can to get there. When you do get there, step on those that remain on the lower rungs of the ladder for if they climb higher it will surely be at your expense. Lie, cheat, steal if you have to; as long as you get there, who cares how you did it.

If you're old enough you may remember this: "The old gray mare ain't what she used to be."

Good luck to you and thank you sincerely for your service to our country. Just don't be surprised when the popularity of 9-11 wears off and you begin to get the same treatment that we gave to those who sacrificed in Viet Nam or you're fogotten like those who died in Korea.

The dream is dead, the $$$ is King. Worship his golden image or be cast out.

Sayonara.
 
I make about 90K per year max with OT and day off pay. Benifits for me are paid for but I have to pay extra to cover my family, but they are tax deductable. My pay is based on 70 hours per month and to do that you work about 10 days per month. My base salary if you want to call it is 78K for a six year captain topping out at 105K for a 12 year captain. Ironically the standard that we used when we negociated our contract were two carriers that are no longer with us. I hope that we are not the third. Anyhow I have about 13 years left to fly before I am 60. I have penciled going the major airline route, 5 to 7 years as FO then going to junior captain. When it is all said and done I will make about another 200K gross salary over what I am now. Plus I have to fly as FO. I just flew a trip as FO the other day as we were short, what a pain, being a captain is the only way to go. I agree with Boeingman the secrect is using the time off to develop some other business to keep you going, especially after retirement. Are airline pilots's overpaid-no they are not. Most vp's of Fortune 500 companies make over 6 figures easy. I can make one decision, even a simple one, that can make or break the company. As Boeing man stated the averge airline pilot makes about 130K per year as FO and usually makes captain the last 10 years of his/her tenure. There are a lot of wild stories out there about guys making captain in two, three or 5 years but they will look in to history as the exception. Just 15 years ago at UAL, EAL, Panam, and others it was taking 20 years just to make captain. I believe that those days are here again. I would much rather be a captain with a little salary and a little airplane(738) then to be a FO with the same salary in a big airplane. My own personal preference, basically for as long as it last I am happy where I am at. Cheers. Yes I have also been to the uttermost and as American's we are very, very lucky people, we live in Disneyland.
 
Surplus1 and Anthony,

I could not have said it better. Excellent remarks about the selfishness that is hurting our country today.

I would be honored to have either of you in my aircraft someday.

Fly safe,

Kilomike
 
I think the prevailing sentiment in this country is, "Everyone is overpaid except ME!" I do not know what the preoccupation is with why this or that movie star makes $20 mil per movie or A Rod gets $200+ mil to hit a small ball with a wood club, but it certainly generates a lot of attention.
 
AJ,

I got out of the Army a few years ago and now work for Comair. Let me tell you my perspective has changed dramatically since then. I once felt as you did on the subject, but learned that my Army life was a bit sterile compared to the civilian world. In the Army you always knew you had a job and a paycheck. In this industry that can change in an instant. Just ask some of the folks on this board if you don't believe me.

Without trying to compare our profession to doctors, lawyers or whomever, ours is unique. When you consider that a lifetime of earning say 80k per year from college graduation to indefinitely by most other professions and that your average lifetime earnings as an airline pilot is actually much less when you spend years and years making something around 18k and then your "chicken done" at age 60.

Don't be fooled into thinking the airlines are hurting as badly as they might have you believe. The media has a great way of making everything sound like dire staights. I know this because I wear my ALPA pin with star (struck), as proudly as I wore my combat patch on my right shoulder on active duty. Comair or should I say Delta lost hundreds of millions of dollars just to prove a point. To them (management) I'm sure it was money well spent. If they took that same lost money and spent a third of it on what we were asking for it could have been all over with before it even started. The media made statements like "If the pilots don't except this contract, they will bankrupt the airline!". Hell even the Wall Street analyst fell for it and joined in. It was all unequvically FALSE! 9-11 was a major tragedy and extreme loss for many, but don't buy into the sky is falling theory too quickly. One thing I learned is that it wasn't what they could afford, but what they can control instead. When the top brass at an airline turn down their multi-million dollar bonuses every quarter or better yet their exorbinant salaries for a few pay periods then and only then should it's minority of highly paid pilots be expected to do the same. Isn't that fair?

I truly love what I do, but love for a profession doesn't put food in my kids mouths or send them to college.

Time to think outside the box (unless your taking your inst. APART in the sim).

fly safe! WHOOOWHAAA!
 
Anthony,

I don't complain about what you make for a living, so don't complain about what I make. If I offered you my annual salary, I'm presuming you'd decline as it is too much money?

FWIW, many of us progressed up the civilian route flight instructing, cargo hauling, and commuters. We got paid crap, flew a ton, and loved every minute of it. Yes, the commuters need to get paid more - no question. In fact, if we could reduce the disparity in pay between majors and commuters we'd all have better job security. However, I am quite sure I deserve the pay I earn at the airline I work for, as I have paid my dues in spades.

Hvy
 
Just to kind of get back on to the subject of Regional pay V Major pay...

Regional pilots don't get paid nearly as much not because they don't have the same responsibilities and liability but because they don't have the same experience or generate nearly as much revenue.

Lets say passengers pay $500 for a flight.

If that flight is on a CRJ (50 seat) that flight brings in $25,000 full

If that flight is on a 757 can hold 201 to 231 passengers and that would generate $100,500 to 115,500 for that flight.

Granted the above is relying 100% capacity, but I think you get the idea. A CRJ or any other regional aircraft just doesn't generate the revenue that a large jet does.

I know I over simplified this, there a lot of other factors that go into the revenue generated by an aircraft, I was just trying to illustrate why regional pilots are paid very little. This isn't to say that they are paid properly, just that they will never be paid the equivlant of a major.

The Angry Statement
All you left wing commie pinko fags that think everyone should do according to the abilities and recieve according to their needs need to pack up and move to China. Socialism has no place in the USA!
End of The Angry Statement
 
Stating the obvious regarding regional pay vs. major pay, the regionals pay what they do because pilots are willing to work for those wages. The regional pilot will build their time in hopes of hitting the "mother lode" at the majors. The regionals (and majors) take advantage of this. Kind of like minor league ball players hoping to make it to the bigs.
It is a shame but that is the way the system is currently.
It's a labor of love.
Pilots making too much money....it took a lot of hard work to get to that "easy" flying job. Takes a lot of hard work just to get the minimum requirements to apply!
 
Coming from a military aviation background I'm relatively new to the civilian side. I recently got out of the military a few months ago and intended to pursue an airline career, but the more I learn about this side of aviation the more I get disgusted with it. I find it difficult to deal with all the back-stabbing, petty arguments, and oversized egos on the aviator side, and the blatant mistreatment of pilots on the management side.

That's funny, that's the way I sometimes felt about flying in the military. At least in the airlines, you know exactly where you stand...seniority...seniority....seniority...
 
One more crazy thing I've noticed is how many pilots who think they are better because they fly larger aircraft. To those pilots I say "get yourself a good psychologist" because you've got some serious issues!!
:D

I was truely amazed at the following true event. During the last few days of work while standing around and chatting with some fellow captains, knowing that I was at the top of the furlough list, all they could talk about was the fact that they may get displaced from the 777 to the 767. They were heartless. I hope they stay the minority... Good discussions...not much else to do except cruise the boards here while waiting for recall. Thanks to all..
 
I will keep this short.

If the difference between regional pay and major pay is becuase of revenue, I will pose this question.

Look at USAir, to me it looks like the feeders, PDT for one is holding up USAir.

Where is my pay raise?

Maybe we need a revolving pay scale, when you do bad an I do good, I get the big check, vica versa.

If I am wrong on my perspective, I will get more edgucated.

LR25
 
Hey KSU!!

KSU,

What a crybaby you are. WAAAAAAAAAAAAHHHHHHHHHHH!!!

Your name calling shows your maturity level. WAAAAAAAAHHHHHHH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
 
Labor Article

I for one say "Congrats" to the United and Delta pilots on their great contracts!!!!!!!

Not to change the subject but did I miss it or has anyone called for MANAGEMENT taking some paycuts for a change!!?? I bet they could live off a measly $200K vs. $2 mil a year - unless their highly stressful, incredibly dangerous office jobs are worth more!:p Doubt that....:rolleyes:


See Ya!

Speed
 
Barney Fife vs. El Nino/SpongeBob, Et al

People, people, can't we all just get along?! Ha! I promise no pious Anthony like sermon, nor flagrant wrapping oneself in the flag to hide dull thinking. Even a kid can bait..."SpongeBob Square Pants is the devil himself!" See? Oh yeah, I'm a vet too, but so what? I've flown with Captains who make that criminal pay of $250K+ who were Vietnam POWs and they'd tell Anthony the same thing, leave saving the whales out of this stay on issue:

The simplistic reality is economics. In majors that have an effective union, the pilots not only make more money, but also their companies make more money. Those salaries were not simply conceded to, nor handed over, some were earned after lengthy strikes, all in all they were business decisions. The pilots witheld their labor and the company withheld their wages until it became too costly, for both parties, certainly the company could have hired replacement pilots which in some instances has happened. Your pronouncement that the airlines are going under because pilots are making too much money, is way too silly. Your statement sounds like a comedy line right out of "Dr. Strangelove." (That is a movie not a porn film) Why not blame it on "El Nino" or the fact that Al Gore couldn't win in his home state? My ideas are much more plausible than yours, because mine at least allude to complexity and yours, well its BarneyFifesque at best.

Airlines having financial problems, oh my lord! Cats and dogs living together! Is this really a revelation? Are you braying about the obvious, or are you crying about something new? No, it is not new and so pray tell my good pilots what happens? Anyone? Anyone? Ferris? CHORUS: Well that is when pilots forgo pay increases, incur pay decreases, or worst suffer forloughs.

It is economics, and so whether an airline is able or willing to pay what the contract calls for it is always driven by the economics of the situation. So just like the weather, pay is always subject to change. And like any contract negotiation, more often the company is in a better position and the pilots are not. I know that is a new concept for you to understand, but your ignorance perplexes me, since I too was an army geek. Clue: civilian pay unlike govt. pay is subject to a negative change (economic term: contraction).

To place things into context, I have had the honor of working with some captains that are approaching retirement, and they all have figured that adding all the time they have been forloughed for whatever economic/labor unrest reason, they averaged 10 years without a job, B scale, and no raises for over 6 years on one stretch. Factor in inflation, and "no raises" means less buying power each year. That get rich scheme all was with their current company. You take that same scenario and look at how many of our fellow pilot buds are without jobs, and then consider that some aren't even at the majors yet, the fast/quick buck to riches you rant about is suddenly a long ways off, yet mandatory retirement at age 60 keeps steadily approaching. My point is that turbulent times in the airline industry is a constant, deal with it. You are not offering anything new, other than your ignorance.

You add the costs of financing your own flight training and you quickly see that this is a labor force that paradoxically has high costs for entry, yet pays poorly where a large pool of pilots are striving to build their time, all without a warranty to the exorbiant $250-300K you literally shriek about. For example, you always hear about attorneys making $300K a year, well that only happens to an elite harvard/yale few, average wages are probably $50K; look at any profession, you will find that the same holds true. So my message to you is simply that while the $250-300K is a lot, you need to realize that pay is solely international pay, can contract, and many do not acheive it. But overall the majors do pay well, and with good reason, those wages reflect the turbulent industry, sacrifices made, professional development invested, distances flown and the larger volume of passengers carried, hence they can pay more. Does a CPA with a small company get paid the same as one with a Fortune 500 sized company? No. Unlike the Army, not everybody in the "scary" free market is paid on the basis of how many years they have been there irregardless of what they do. OK., you got me, "flight pay" but in reality it is solely a pimple on the ass of this equation.

Certainly I sympathize with my bretheren in the regionals, and my opinion is as strong or weak about their future as anybody else, but I suspect that eventually market forces will in turn increase their salaries, which might even cause narrow body rates to fall, who knows? Still, our collective strength as a union is to insure that we raise all boats as much as possible, it is in our mutual interest.

Finally, pilot pay is a nice flame bait issue, "Us vs. Dem Greedy Bastards," but if you analyze it carefully you will see why pilots for the majors do get the big bucks and why when times are tough they will sacrifice: it is an economic reality. The syllogisms
Anthony offers are weak, and sophmoric at best. They illuminate a reality he cannot change: people are luckier than others in that there are only a finite amount of jobs with the Majors, nobody is better than anyone, they are simply more fortunate, is that so wrong? Karl Marx said "It is very wrong." Groucho Marx said "That's what my girlfriend's sister said and now she's my wife! I should have listened to her."

Oh yeah, I planted trees, fought forest fires, I do recycle, I don't eat my dandruff, I do wear an American flag pendant on my tie, I vote, I dont own an SUV, I sometimes watch PBS, I do volunteer work, I dont ask for plastic at the grocery store, I do use deodorantzzzzzzzzzzzzzzzzzzzzzzzzzzzz
 
WTG Peeps

Peeps,

Nice summation. If this were a time of economic prosperity, the notion of pilots getting paid too much wouldn't even exist, and everyone would be tripping over everyone else trying to land one of these "overpaid easy jobs".

Hvy
 
Wash Post article

It's not a bad article, actually. When it comes right down to it, though, pilots and management have always been at loggerheads. Management has always felt that pilots are overpaid, going back to the time of the first airmail contracts in 1918. During strikes, if management tried to maintain operations, it had plenty of pilots from which to choose to hire to scab itself out. Pilots have always felt they're underpaid and felt that management made them operate unsafely against their will.

The curious thing is that George Will chose American. American may have had very few CEOs. Its first CEO was C.E. Smith, who was a protege of E.L. Cord. Read about 'em both in Flying the Line. E.L. Cord had a deal where he made pilots resign and reapply to be paid at lower wages. Compare Cord and Smith to the old Continental. From what I've read and recall, the old Continental Airlines before the Lorenzo days was a great place. People sung the praises of Bob Six.

Now, from what I understand about Southwest, whom Mr. Will cited, Herb Kelleher has tried to create a congenial work atmosphere, and workers are therefore happier and productive. Of course, Southwest has its union(s).

I dunno if binding arbitration is the key. Tension between labor and management seems to come with the territory of working for an airline.
 
George Will

Now here is a guy, Will known for not having an original thought, his ideas are chiefly to underlie his penchant for baseball. Remember those wonderful skits on Saturday Night Live about Will's infatuation for baseball? Hmmm the next thing he will proffer is that baseball dugouts are so zen-like, we should use them as meditation centers, and make attendance mandatory for all inner city children. Will totally evades the economic reality of those bankruptcies, tacitly laying the woes at labor's feet. Arbitration is always a bad idea no matter what industry you are in. Studies have always shown that mediation is the best for both parties. I mean it so comical, Will is essentially saying baseball is what America is about, so what is good for baseball is good for America, how moronic is that? Arbitration is not a new idea, it has been around a long time, just think, why isn't arbitration used to establish all salaries and wages for all workers? Finally, read the fine print of your insurance policy, or warranty, usually it says that you concede to go to binding arbitration, why is that? Because the shysters that crafted that fine print work for the corporation, so it certainly is not in your favor as a consumer, why would it be any different as an employee. If a corporation is truly in dire straits, employees will make concessions, it has always happened. America's CEO, a person you would think is committed to the free enterprise system, is actually advocating something else, do you think he would concede to letting his own salary be determined by arbitration?
 

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