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NY Times Story on Pilot Population Decline
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NY Times Story on Pilot Population Decline
On Thu, 26 Apr 2007 14:53:18 -0400, "Marco Leon"
wrote in : http://www.nytimes.com/2007/04/26/fa...=1&oref=slogin The number of student pilots is down by about a third since 1990, from 129,000 to 88,000. The number of private pilots is down from 299,000 to 236,000, according to statistics kept by the Federal Aviation Administration. And they are aging. Some longtime private pilots fear that an industry is withering, and a bit of Americana is slipping away, along with a bit of freedom and joy. And it is happening in part because of lack of interest; Walter Mitty doesn’t want to fly anymore. Could it be that Americans are working longer hours? http://archives.cnn.com/2001/CAREER/.../30/ilo.study/ CNN) -- You're not imagining it. The United Nations' International Labor Organization (ILO) has the proof: "Workers in the United States are putting in more hours than anyone else in the industrialized world." And is it possible that the increase in hours worked don't equate to more disposable income? http://www.pbs.org/now/politics/workhours.html According to the Bureau of Labor Statistics, though the average work week has increased by just over an hour and a half a week, the proportion of people who work much longer weeks (48 hours and more) has risen greatly. The occupations which saw the greatest increase in the percentage of workers averaging 48 hours per week or more were professionals and managers (who are most often not paid overtime though they are among the highest-paid workers) and sales and transportation workers (who are among the lowest-paid workers and earn more as they log more hours). The Bureau of Labor Statistics also notes that high unemployment numbers also stimulate salaried workers who are employed to put in more hours each week to safeguard their positions. |
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NY Times Story on Pilot Population Decline
"Larry Dighera" wrote in message
... Could it be that Americans are working longer hours? And is it possible that the increase in hours worked don't equate to more disposable income? Yes, and yes. While I don't think that the reasons you mentioned are the primary reasons, I do think they play a part. Salaries are indeed higher but so are the housing prices. A "starter" house in Long Island, NY for example is around $450K. Paying for that mortgage while bringing up a family leaves little room to blow $7K on a year's worth of flight training. The article mentions a number of factors and it's interesting in that they are all for the most part true and all contribute to the problem. Marco |
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NY Times Story on Pilot Population Decline
Marco Leon writes:
Yes, and yes. While I don't think that the reasons you mentioned are the primary reasons, I do think they play a part. Salaries are indeed higher but so are the housing prices. A "starter" house in Long Island, NY for example is around $450K. Paying for that mortgage while bringing up a family leaves little room to blow $7K on a year's worth of flight training. Forty years ago, a "starter" house might cost 1.5 times the annual salary of a person in the middle class. Now it may cost ten times the annual salary of such a person (although the middle class is disappearing). -- Transpose mxsmanic and gmail to reach me by e-mail. |
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NY Times Story on Pilot Population Decline
"Mxsmanic" wrote in message ... Marco Leon writes: Yes, and yes. While I don't think that the reasons you mentioned are the primary reasons, I do think they play a part. Salaries are indeed higher but so are the housing prices. A "starter" house in Long Island, NY for example is around $450K. Paying for that mortgage while bringing up a family leaves little room to blow $7K on a year's worth of flight training. Forty years ago, a "starter" house might cost 1.5 times the annual salary of a person in the middle class. Now it may cost ten times the annual salary of such a person (although the middle class is disappearing). Then someone is buying way too much house! |
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NY Times Story on Pilot Population Decline
Maxwell writes:
Then someone is buying way too much house! How much house can you get for $60,000 (1.5 times the average salary in the U.S.)? -- Transpose mxsmanic and gmail to reach me by e-mail. |
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NY Times Story on Pilot Population Decline
Maxwell wrote:
"Mxsmanic" wrote in message ... Marco Leon writes: Yes, and yes. While I don't think that the reasons you mentioned are the primary reasons, I do think they play a part. Salaries are indeed higher but so are the housing prices. A "starter" house in Long Island, NY for example is around $450K. Paying for that mortgage while bringing up a family leaves little room to blow $7K on a year's worth of flight training. Forty years ago, a "starter" house might cost 1.5 times the annual salary of a person in the middle class. Now it may cost ten times the annual salary of such a person (although the middle class is disappearing). Then someone is buying way too much house! I like to watch these "Flip this House". I would call them entry level homes (1100 sq ft) and they can go for $400,000 in LA, SFO area. I am not sure saleries are up there for the young starting out. My kids bought 40+ year old homes in the Fayetteville, AR area and I was amazed how much they had to spend - getting close to $100K and these were in the 1300 sq ft range. They are not lawyers or engineers. -- Regards, Ross C-172F 180HP KSWI |
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NY Times Story on Pilot Population Decline
Mxsmanic wrote in
: Marco Leon writes: Yes, and yes. While I don't think that the reasons you mentioned are the primary reasons, I do think they play a part. Salaries are indeed higher but so are the housing prices. A "starter" house in Long Island, NY for example is around $450K. Paying for that mortgage while bringing up a family leaves little room to blow $7K on a year's worth of flight training. Forty years ago, a "starter" house might cost 1.5 times the annual salary of a person in the middle class. Now it may cost ten times the annual salary of such a person (although the middle class is disappearing). Good thing you live in a dumpster then huh? bertei |
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NY Times Story on Pilot Population Decline
On Fri, 27 Apr 2007 03:32:26 +0200, Mxsmanic
wrote: Marco Leon writes: Yes, and yes. While I don't think that the reasons you mentioned are the primary reasons, I do think they play a part. Salaries are indeed higher but so are the housing prices. A "starter" house in Long Island, NY for example is around $450K. Paying for that mortgage while bringing up a family leaves little room to blow $7K on a year's worth of flight training. Forty years ago, a "starter" house might cost 1.5 times the annual salary of a person in the middle class. 40 years ago a "starter home" was a small, quiet two bedroom home. For the last 20 years a "starter home" was more than what most of us ever hoped ever achieve 40 yerars ago. 20 years ago young professionals would move out of their apartment into their first home that ran more than a quarter million at least in this area. HOwever that home would be gaining equity due to inflation far faster than they were making payments. Now starter homes are becoming much more modest around here. such a person (although the middle class is disappearing). No it's not. It's just becoming more isolated from the upper and lower classes. |
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NY Times Story on Pilot Population Decline
Roger (K8RI) writes:
No it's not. It's just becoming more isolated from the upper and lower classes. It's actually disappearing, not just becoming isolated. The distribution of wealth is moving back to the way it was in the nineteenth century, with a very small minority of very wealthy people and a very vast underclass that just manages to squeak by--and almost no real middle class at all. -- Transpose mxsmanic and gmail to reach me by e-mail. |
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