AA767AV8TOR
Well-known member
- Joined
- Mar 6, 2006
- Posts
- 258
Folks,
I would be very careful about going for the one time chump change signing bonus instead of getting some solid pay raises.
Reason 1: With the way the US Government is printing money these days, there are credible analysts suggesting that inflation will be close to double digits in a few years. Will you really be happy with the new pay rates in a couple of years if hyper inflation hits us?
Reason 2: You’re basically locking-in the Kasher pay cuts for the long term. In reality after allowing at least 2-3 years for negotiations, a five year contract is really a seven or eight year contract. Spin the numbers for an eight year contract. It’s ugly. Suddenly management has figured out pilots will accept a 1.5% pay raise. After the initial bump, a 1.5% pay raise is actually a pay cut when figuring in the effects of inflation. With all we’ve been through, do you really think all you’re entitled to is another pay cut a couple of years down the road? In the early part of the decade inflation was running around 3.0% annually. You’re not even beating those historical rates. Like I said, inflation rates are expected to rapidly increase in a couple of years.
Reason 3: Just like buying a car – you never ever take the first deal! There is always more on the table.
Reason 4: You hose the rest of the industry by establishing a new pay rate baseline for the rest of us thus hurting our pattern bargaining ability.
AA767AV8TOR
P.S. I would think pre-Kasher would be the absolute minimum!
I would be very careful about going for the one time chump change signing bonus instead of getting some solid pay raises.
Reason 1: With the way the US Government is printing money these days, there are credible analysts suggesting that inflation will be close to double digits in a few years. Will you really be happy with the new pay rates in a couple of years if hyper inflation hits us?
Reason 2: You’re basically locking-in the Kasher pay cuts for the long term. In reality after allowing at least 2-3 years for negotiations, a five year contract is really a seven or eight year contract. Spin the numbers for an eight year contract. It’s ugly. Suddenly management has figured out pilots will accept a 1.5% pay raise. After the initial bump, a 1.5% pay raise is actually a pay cut when figuring in the effects of inflation. With all we’ve been through, do you really think all you’re entitled to is another pay cut a couple of years down the road? In the early part of the decade inflation was running around 3.0% annually. You’re not even beating those historical rates. Like I said, inflation rates are expected to rapidly increase in a couple of years.
Reason 3: Just like buying a car – you never ever take the first deal! There is always more on the table.
Reason 4: You hose the rest of the industry by establishing a new pay rate baseline for the rest of us thus hurting our pattern bargaining ability.
AA767AV8TOR
P.S. I would think pre-Kasher would be the absolute minimum!