furloboy said:
I know what you're getting at but this sort of statement is tiresome. Why 100K? Why not 80K? Some folks will say the same thing about 50K. If I wanted, I could move to Nebraska or some other of the more affordable states (not necessarily a bad thing) and live on my miliary retirement and still pay for food and electricity. But I want more.
I want more to do more and to give more. If my current income was cut to 100K I wouldn't be able to do what I do--for myself or for others. I get tired of reading blanket statements from folks that in effect make 100K look like the end-all in terms of income.
It ain't. Still you're right--folks should live within their means. And for some folks that is 20K. For others it is much more.
Furloboy,
The 100k was an arbitrary number that I took from a post by Flydog:
How easy do you really think it is taking a pay cut from $150,000 a year down to $100,000 if you have a mortgage to pay, kids in college, car payments, etc. Would you risk personal bankrupcty to save your job?
According to the most recent census data, if you earn 100k +, your are in the top 5% of the population for income. My point was simple, if you cant make a go of it on 100k, you need to rethink how you spend your money. That is not to say that you don't want to earn more. I don't fault you for wanting more. But if you can't live confortably by MOST folks definition, you need some remedial financial management training. As for taking a pay cut from 150 to 100, well it sucks but thats how this business works. If you haven't figured out that things can be risky in aviation by the time you acheive employment with that level of income, you haven't been paying attention. I don't feel sorry for you. With that kind of salary, you ought to be able to put a few benjies in the bank and have something saved for a rainy day. If you don't, that's your fault and I'm not gonna play any violins for you. I left a management position with a great part 135 freight/corporate charter operator to go to ASA. The paycut was BIG, like 70%. We saved our money and I left for the regionals. Guess what, the cr@ppy first year pay was NO SURPRISE. Don't take the job and then cry in your beer cause the pay sucks. Make adjustments for changes you want to make, or may HAVE to make in your life. I was hoping for less than a two year upgrade, guess what, 9/11 happened and the upgrade may take 3 1/2 or 4 years. Those are the breaks.
Aviation is a fickle b1tch. She giveth and she taketh away. Play the game for a while and you learn to expect some hiccups. Plan accordingly. If you can't afford a pay cut then you are living hand to mouth and have no one to blame but yourself. The principle is the same whether you make 20k or 200k. Don't spend more than you make. Don't drive a car you can't afford just because you "really, really wanted it". Don't buy more house than you can afford because "You'll be making more in a couple years anyway". And as I keep saying put something away for a rainy day.
As I have said before, everything you really need to know, you should have learned in kindergarten (or maybe gradeschool).
As for employee concessions. It is an unfortunate situation in which a bad economy, a tragic terroristst act, and years of p1ss poor management, have completed the nasty Trifecta that has left some carriers in heaps of financial trouble. If they say they need concessions to survive, then it is probably true. That is not to say that payroll is what got them there. It is not. That is not to say that concessions guarantee their future liquidity or very survival. They won't. They are part of a plan. Whether or not the plan will work? Time will tell.
I am not to say what any of you should do regarding voting for or against the concessions. I don't have a dog in that fight, and quite frankly my opinion doesn't matter. Only those of you unfortunate enough to have to decide, must decide for yourselves what you think it best.
Hypothetically, I would support concessions if I felt it would help the company survive. More importantly, if I felt to not do so, would help to sound the funeral bell for my employer.
Industry +1% is neat. Fabulous bennies and million $ retirement packages are super. Big 'ol fat paychecks are swell.
But 100% of nothin'.......is nothin'.