mweiss,Feb 22 2005, 05:04 PM]
I agree that if you took a mechanic who was TOS 25 years ago, and that same mechanic continued to do the same job for the past 25 years, that mechanic's real wages have declined.
I agree that productivity has also risen in that time.
This is true, by the way, in many, many industries in the US. Just one example: doctors see more patients per day than they did 25 years ago, and their real wages have declined in that time.
Have they? Or have their expenses dramatically risen? The fact is that what pateints pay for service has increased faster than inflation. So while doctors net real income may have declined that does not mean that their wage has.
Ok, how about at least keeping it in this industry? You know, apples and oranges?How about going into executive compensation. How has executive compensation of legacy carriers compared with employeee wages and/or performance of the company? How does executive compensation compare between executives of LCCs and legacy carriers, and how to you draw the line between them? I mean if we go by employee compensation then SWA is not an LCC and AA is. If AA pays much lower wages yet their costs are higher whose fault is that?
I agree that if you took a mechanic who was TOS 25 years ago, and that same mechanic continued to do the same job for the past 25 years, that mechanic's real wages have declined.
I agree that productivity has also risen in that time.
This is true, by the way, in many, many industries in the US. Just one example: doctors see more patients per day than they did 25 years ago, and their real wages have declined in that time.
Have they? Or have their expenses dramatically risen? The fact is that what pateints pay for service has increased faster than inflation. So while doctors net real income may have declined that does not mean that their wage has.
Ok, how about at least keeping it in this industry? You know, apples and oranges?How about going into executive compensation. How has executive compensation of legacy carriers compared with employeee wages and/or performance of the company? How does executive compensation compare between executives of LCCs and legacy carriers, and how to you draw the line between them? I mean if we go by employee compensation then SWA is not an LCC and AA is. If AA pays much lower wages yet their costs are higher whose fault is that?