I do not want to undermine the right to protest for some injustice being done.
But looks like the free market is giving in to to socialism, errr... almost to the
comminism !
With the global recession, a lot of industry maturing pain points are exposed.
Like no across the board salary hikes, cut in the variable pay, curb on the promotions
etc.
In a free market, what should happen ? Seeking equilibrium, people would move to
where the jobs are and the money is. Simple !
This is fundamentally a great leveler. Now look what human intervention to natures law of equilibrium can do !
- Jet Airways making huge losses, cutting variable pay ! Pilot take down most
flights. Company makes more loss in 5 days that it would normally do in a
quarter.
- Almost as if it is planned govt. bail out plan, AI pilots launch a strike
right after the Jet Airways. Allowing, Jet airways to hike up price by 200%.
Making up for the loss Jet incurred in 3 days ???
- Kingfisher, another leading airline making enough loss, a partner of Jet, jacking up
prices on both the prior occasions.
Now, two private airlines making up for their losses, with whose money ?
AIs. Govt. Tax payers money. Its like tax money have become the IPO money now.
Tough to believe the strikes are not planned in isolation !!
A loss..
1 year ago
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