Originally Posted by
ExtraShot
Precisely, markets clear when the price rises and this is all about preserving the status quo. The demographics at play mean for the first time they are on the wrong side.
Despite government officials lamenting 'lack of wage growth' they do not want it. The other side won't change the rules either as donations (like Chairman's lounge-soft corruption) come thick and fast from the same business lobby groups,
However, as witnessed in the Northern Hemisphere, Michael O'Leary and Ryanair who remain the poster child of adversarial IR/HR have retreated. There is growing awareness of the structural, prolonged and generational shortage. Hence he has backed away publicly from confrontation. Pilots know leverage is theirs. Do Australian pilots?