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Thread: Waging ourselves out of compitition - screwing our vows in the process.

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    User Just Plain Jim's Avatar
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    Waging ourselves out of compitition - screwing our vows in the process.

    still-on-the-job-but-making-only-half-as-much: Personal Finance News from Yahoo! Finance

    Still on the Job, but Making Only Half as Much
    Wednesday, October 14, 2009

    The dark blue captain's hat, with its golden oak-leaf clusters, sits atop a bookcase in Bryan Lawlor's home, out of reach of the children. The uniform their father wears still displays the four stripes of a commercial airline captain, but the hat stays home. The rules forbid that extra display of authority, now that Mr. Lawlor has been downgraded to first officer.

    He is now in the co-pilot's seat in the 50-seat commuter jets he flies, not for any failure in skill. He wears his captain's stripes, he explains, to make that point. But with air travel down, his employer cut costs by downgrading 130 captains, those with the lowest seniority, to first officers, automatically cutting the wage of each by roughly 50 percent -- to $34,000 in Mr. Lawlor's case.

    (snip)

    "I don't want to be a 50-year-old pilot earning $40,000 a year," he said, adding that his wife does not want to be married to a pilot with so little earning power.



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    ---- Not till death do us part, but rather till earning power do us part----

    So typical



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    I think what we are starting to see is a slow whittling away at wages to get in line with countries that are beating us in the market because our wages simply can not not compete. We've waged and benefited ourselves out of competition.

    Are we going to see income disparity reach an all time high in the next decade too?





    .
    Last edited by Just Plain Jim; 10-16-09 at 12:55 PM. Reason: put on date of article


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    Re: Waging ourselves out of compitition - screwing our vows in the process.

    When Delta went bankrupt my retired girlfriend's got shafted on his pension.

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    Filmmaker Lawyer Patriot
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    Re: Waging ourselves out of compitition - screwing our vows in the process.

    Been referring to this for a while now.

    In a global market, everything is competitive, including workers' wages.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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    User Just Plain Jim's Avatar
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    Re: Waging ourselves out of compitition - screwing our vows in the process.

    I have been saying for the last 10 years, that in order for the USA to compete in the world market places that we must bring our wages down. The problems with that are many, from unpaid mortgages to not even being able to afford basic services.

    I do not think it will be easy for the USA for the next 1 to 2 decades.

    But then again, I'm not economist, I'm just a one of those fish in a barrel that the fat guy likes to shoot at, me, the guy with a little bit of common sense.

    .
    Last edited by Just Plain Jim; 10-16-09 at 01:04 PM.


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    Re: Waging ourselves out of compitition - screwing our vows in the process.

    Geez 40k a year? That's terrible. I think I was making 40k a year when I was 20. No one can support a family off that.
    "Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head."
    - Warren Buffett

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