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 !!
The Changing Contours of Innovation in India
5 years ago
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