And more early retirement.
Lufthansa has now been grounded by a three-day pilot strike.
Lufthansa pilots belong to the best paid pilots in the world. At some American airlines the pilots only earn a fraction of what they get, an international comparison shows.
Die Piloten der Lufthansa gehören zu den bestbezahlten Flugkapitänen weltweit. Bei einigen amerikanischen Fluglinien wird nur ein Bruchteil dessen verdient, wie ein internationaler Vergleich zeigt.
“We’ll first see out the strike and then we’ll think about talks.”
PS: The belief that labor unions can substantially raise real wages over the long run and for the whole working population is one of the great delusions of the present age. This delusion is mainly the result of failure to recognize that wages are basically determined by labor productivity
Observing Hermann 