Was reading something interesting the other day: WHile doctors don't have a "Union", they do have the AMercian MEdical Association. One of the AMA's roles is to accredit medical schools, which in turn reduces the supply of doctors as well as increases the quality. REducing the supply has the effect of increasing wages. On the contrary, there are hardly any barriers to entry in becoming an airline pilot, except for money and motivation. The worst pilots almost always end up at the airlines as long as they have enough $ and determination (sometimes as little as 1 year at a pilot factory). If our
union(s) could reduce the supply of pilots while increasing standards we might have a solution to the current situation. (to the detriment of pilot factories and flight schools who thrive on milking the worst students).
union(s) could reduce the supply of pilots while increasing standards we might have a solution to the current situation. (to the detriment of pilot factories and flight schools who thrive on milking the worst students).