Quote of the day:
In 2003 China’s airport system handled less than 300,000 passengers annually and was facing meteoric increases in demand. In 2019, they handled about 1.4 billion passengers, but the growth rate was slowing markedly. - Michael Boyd
In other news, Trans State Airlines is going out of business claiming there is a pilot shortage. The pilot shortage is caused by pilots unwilling to work for peanuts. The only people who can afford to fly for cut rate airlines are people who don't need the money. If anyone needs a union it's airline pilots. I am ambivalent about unions. On one hand they can strangle a business (look at Detroit). On the other hand unfettered business will crush their employees, witness the strike breaking in the early 20th Century.
Longshoremen on the west coast of the USA make around $200K a year. Great money if you can get it. Grocery stores are unionized, but grocery clerks are probably lucky to make $30K a year.
My Dad and uncles were all in the building trades unions, and I’ve belonged to several unions including the UAW in PA, and we all did reasonably well. However labor unions have a huge flaw, and it’s the same one the government has, they’re both run by elected officials. I feel anyone who seeks an office is probably the last person who should have it. Power corrupts.
ReplyDeleteWe're doomed, but somehow we keep plugging along.
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