457’s are back!
Isn’t this only to fix a problem within QLink? I didn’t know they had SO’s.
You can’t tell me that there hasn’t been calls for expressions of interest internally that have gone unanswered (it’s more money, which is the problem that you claim) before they’ve gone down this road? I imagine flight ops would have been involved at some point, why haven’t they intervened if the problem is so obviously about money? And then what do you do with the excess of pilots once the mass training backlog has cleared? Just think, if they were contract pilots, you could get rid of them and then replace them with local labour!
You can’t tell me that there hasn’t been calls for expressions of interest internally that have gone unanswered (it’s more money, which is the problem that you claim) before they’ve gone down this road? I imagine flight ops would have been involved at some point, why haven’t they intervened if the problem is so obviously about money? And then what do you do with the excess of pilots once the mass training backlog has cleared? Just think, if they were contract pilots, you could get rid of them and then replace them with local labour!
From wiki;
Now I’m no economist but even wiki lets me know that an increase in people offering their labor decreases the equilibrium wage. ( personally I think the equilibrium wage will increase regardless for the next five years).
The model is commonly applied to wages in the market for labor. The typical roles of supplier and consumer are reversed. The suppliers are individuals, who try to sell (supply) their labor for the highest price. The consumers are businesses, which try to buy (demand) the type of labor they need at the lowest price. As more people offer their labor in that market, the equilibrium wage decreases and the equilibrium level of employment increases as the supply curve shifts to the right. The opposite happens if fewer people offer their wages in the market as the supply curve shifts to the left.[12]
In a free market, individuals and firms taking part in these transactions have the liberty to enter, leave and participate in the market as they so choose. Prices and quantities are allowed to adjust according to economic conditions in order to reach equilibrium and properly allocate resources. However, in many countries around the world, governments seek to intervene in the free market in order to achieve certain social or political agendas
In a free market, individuals and firms taking part in these transactions have the liberty to enter, leave and participate in the market as they so choose. Prices and quantities are allowed to adjust according to economic conditions in order to reach equilibrium and properly allocate resources. However, in many countries around the world, governments seek to intervene in the free market in order to achieve certain social or political agendas
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There is a structural shortage and additional supply would be sourced with a shift in 'the curve' raising 'wages'
As have been observed in most western economies, REAL wages (after inflation) are at best neutral. This means over time purchasing power declines.
The interesting thing for students of the economy is that nearly 100 years ago Henry Ford summed up precisely the predicament in modern western economies:
“The owner, the employees, and the buying public are all one and the same, and unless an industry can so manage itself as to keep wages high and prices low it destroys itself, for otherwise it limits the number of its customers. One’s own employees ought to be one’s own best customers.” -Henry Ford, Today and Tomorrow, published 1926.
The shortage, ironically, is demographic in nature, which has been coming since the end of the Second World War. Airline management gutted the industry, convinced oversupply would facilitate endless reductions in terms and conditions, thereby ignoring and ultimately creating and destroying itself.
In airline administration offices tomorrow, endless idiots search for the next way to extract more from their staff.With less on offer and pilot licences costly to acquire and indeed maintain, every cent extracted from staff creates additional feed backs which undermine their very business. On they rush, ensuring eventually their own demise.
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In airline administration offices tomorrow, endless idiots search for the next way to extract more from their staff.With less on offer and pilot licences costly to acquire and indeed maintain, every cent extracted from staff creates additional feed backs which undermine their very business. On they rush, ensuring eventually their own demise.
Just have a look at CX to see how this plays out long term.
