@ DirectDIKAS
Some very good and valid points you made regarding levels of debt among pilots. It's ironic that this still continues,
despite the current economic problems of excessive debt.
Debt seems to be a huge Ponzi/Pyramid scheme, where you constantly have to borrow more and more in order to stay ahead of the power curve. It's no wonder that many low-cost airlines have aggressively jumped onto this band wagon in order to make some cash out it's employees. I guess the money they make is not in direct terms (i.e. from the type rating itself) but more indirectly where it creates a culture of obedience (who's gonna complain about his employer if you
need next month's salary to pay off your debt?) and selfishness. In other words: the perfect breeding ground for a divide and conquer strategy.
As I've repeatedly pointed out in the past, this 'paying for a job' and subsequent degradation of T&C's needs to get fought from
within (i.e. by employees and unions with a backbone) during the
good years, but alas, back then everybody thought I was just a nuisance and preferred to be fat, dumb and happy with debt.
Ironic and sad that in an industry where people get paid to "think ahead," people could not see this one coming and that many
still don't see where this is going...
Money is debt and debt is the modern version of slavery.
If you have an hour to kill on an airport standby, then have a look at these videos:
YouTube - Money As Debt (1 of 5)
YouTube - Money As Debt (2 of 5)
YouTube - Money As Debt (3 of 5)
YouTube - Money As Debt (4 of 5)
YouTube - Money As Debt (5 of 5)