Wanna know why management wages have outstripped all others?
Using Gold To Measure Average Wages
In Terms Of Gold, Wages Are Flat For 37-Years - Bonner
Wages versus gold: A look at historical data | The Economic Populist
They cant control costs of aircraft, spares, fuel, air nav charges, landing fees etc etc etc. Wages and benefits are the ONLY cost they can control - and we have already seen they can't think outside the 'cut costs' box. Grow the airline - you'd have to be joking? CX just upped frequency between HKG and PER to 10x/week. QF's answer was to cut services to 2x/week. Don't even mention QF's reaction to EK
CEO/Senior management pay has skyrocketed in the last 20 years - particularly as a multiple of average employee wages - you can bet your collective ar$es THEY understand inflation/purchasing power.
To have the same purchasing power an airline employee had in 1971 you'd need a pay rise totalling
about 4 xwhat you currently earn.
Now none of us are going to get that - but don't let the cksuckers tie you down to 7% over the term of the EBA - THEY know that that is actually dramatic reduction in real wages.
I am not saying the above is management's fault or within their control - but employees need to understand what they are up against and how far backwards they go when they believe the political rhetoric about wages and inflation. High wages don't cause inflation, politicians do.