CopilotDoug
Captain of Industry
- Joined
- Feb 16, 2006
- Posts
- 2,644
It started when I asked a fellow pilot what he made his first year as a pilot. His response? $5,880/yr back in 1967 flying a Twin Turbo-prop for a REGIONAL. I asked him how he managed to live on that kind of a wage...to which he showed me this website
http://www.minneapolisfed.org/research/data/us/calc/
When I punched the numbers in, I was dumbfounded to see how much $5,880 in 1966 equaled in today's money. The kicker? He made $14,000/yr second year. I wanted to vomit and cry all at once.
Every year, the buying power of $1 gets weaker. Yet every year, the compensation for airline CEO's goes up. Meanwhile alot of airlines have either stagnated their pay OR have taken paycuts. This right here is the reason to fight for better pay. Make your Union reps earn their money.
http://www.minneapolisfed.org/research/data/us/calc/
When I punched the numbers in, I was dumbfounded to see how much $5,880 in 1966 equaled in today's money. The kicker? He made $14,000/yr second year. I wanted to vomit and cry all at once.
Every year, the buying power of $1 gets weaker. Yet every year, the compensation for airline CEO's goes up. Meanwhile alot of airlines have either stagnated their pay OR have taken paycuts. This right here is the reason to fight for better pay. Make your Union reps earn their money.