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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (14738)	8/13/2002 12:41:45 PM
From: Original Mad Dog	Read Replies (1) \| Respond to of 17639

Actually, that 3,000 I drew from some outplacement statistics (which unfortunately I don't have a ready citation for). My guess is that they will offer early retirement and a bunch of pilots in their mid to late 50's will take it, and the true layoffs will be for flight attendants and mechanics and gate agents and the like. Flight attendants and gate agents are not highly paid and will likely find something more readily than pilots would. I agree the economic news isn't great, but I think that the media tends to overplay downturns and layoffs given the actual success that people in outplacement have in finding new employment eventually. I remember hearing news over the years of Sears and KMart laying off people, but no one ever mentioned in the same breath that WalMart was steadily becoming one of the largest employers in the US. Subtraction gets noticed; addition does not. I always recommend looking not at the news stories about layoffs but at the actual Labor Department employment data.