khedrei wrote: ↑Wed Sep 18, 2024 10:05 am
It's not just year 1. They spend a year at year 1 a year at year 2, year 3 etc. all of the lower scales were sacrificed in favour of the top end. Again, todays money is worth more than tomorrows. How hard is this concept to understand.
It’s you that doesn’t get it, I spelled it out like I would to a third grader,
I took 30/hr off the Captain pay, applied it to FO pay, over 12 years you will earn 130,000 less.
At only 2% per year increase @900 hours/yr;
The 12 year Captain pay untouched, in 12 years is 403, 13-411.20, 14-419.43, 15-427.86, 16-436.37, 17-445.09, 18-453.99, 19-463.07, 20-472.33
The 12 year Captain pay your way, in 12 years is 367.29, 13-374.66, 14-382.12, 15-389.77, 16-397.46, 17-405.52, 18-413.62, 19-421.90, 20-430.34
20 years=6,204,922
20 years=5,789,998
Difference of 414,924 over 20 years!
So, YOU would rather have an extra 30/hr over the new rates, take away that 30 from the Captain rate, earn an extra 120k over the first 4 years instead of 415k over 20, you might want to rethink your stance!
The new contract should have been better for the first 4 years, no question but not at the expense of future earnings! After 4 years, if you’re still an FO, the pay goes up between 40 and 50/hr depending on pay group, so no point in jigging with all the numbers, 4 years as FO currently is a reasonable assumption, you will earn far more over your career by not taking from the top to give to the bottom. After the first four years the FO pay seems to be tied to some formula at around 55-60% of Captain pay, could be better there too but the math is the math, higher Captain pay will equate to higher FO pay.
If you still don’t see it, well, what can I say, do the math yourself