Maybe you should come over and live the good life on the non-union side.
You realize the reason unions were even created was because of management, right? You do realize that if management could have it's way, they would screw over whoever they wanted. Let's take layoffs for example. You assume that the lowest performing employee gets the axe. That may be relatively true on a macro level, however, it falls far short on the micro level. In actuallity, if your manager likes you, you'll be ranked higher than an employee that he doesn't like, even though that employee is a better performer. This type a crap goes on all the time.
I don't like a lot of things the unions do, especially whent they do things that only hurt their members. The issue with APA over the China route comes to mind. However, I think that "management" types find it too easy to use unions and union memebers as whipping boys and girls.
Oh wait, you don't want to, that's right you like your job, won't leave it, but yet somehow feel that you deserve more than what you are getting, because at one point in time the industry you worked for was regulated which artificially raised wages.
And you don't think that executive compensation is artificially bloated? Who decides the CEO's compensation? The board of directors. And who is the board of directors, generally? Execs of other companies. Hmmmmmm.
In my opinion, there is a place for unions in today's workforce, the problem is it appears they are trying to operate in a 1950's era. I don't think there is an easy, strait foward solution for this, but that'ld probably be a good discussion on its own thread.
First of all, go read the PBGC max guaranteed payout chart I posted in
AA Cash Onhand (it's towards the end). The guy who retires at 65 might get close to what he would have otherwise received at 60, but everyone else stands to take a pretty sizeable haircut.
Second of all, while I'm sure there would be a 401K to replace a pension, what's to say there would necessarily be a company match? It's not at all uncommon for companies to only match if the employee contributes a minimum of 5% of salary into their 401K. I don't know of any airline examples, but it wouldn't surprise me in the least bit if there were at least one, especially amongst the regional carriers.
First, thanks for supporting my claim that they may not get their full pension if we had gone BK. I don't have to look at your chart to know why the pilots were so on board with staying out of BK.
Secondly, I'm pretty sure that's how AA's matching 401k works. If you don't contribute, you don't get a match. Of course I'm no exec, so I can't speak as to what their "401k" would look like.