FamilyGuy said:
My understanding is that the current proposal has raises ranging from 23% to 40%, depending on seniority and position, with the larger number going to the new hires. If 23% is the minimum raise, then I think that meets the definition of 'sizable'.
Do your figures account for the 7-12% raise pilots get every year? Everyone knows no pilot is making the same amount he or she was making in 1998 just because a new contract hasn't gone through.
You're missing the point...unless 5 year, or what ever year pay you want to talk about , is Indexed, in REAL Dollars, the pay, and standard of living for that pilot receiving that pay will decline...get it?
http://www.aier.org/cgi-aier/colcalculator.cgi
Again:
Then that guy who will be a 5 year Captain 3 years from now will be looking at probably a -3% (decrease) to a +14% (increase) in Real Wages in 2008...
Is that same guy going to have to work more days for that raise? How about working any more hours in a day?
What about the status of his benefit package?
The devil is often in the details--could be a reason the netjets pilots aren't too excited about that latest proposal!