Link. This is the logic of capitalism. In any major business, labor costs are the biggest expense. For example, for all the people talking about "government waste," there's only one area to cut costs significantly, because roughly 80+% of local and state taxes go to pay government employees.
This holds true for all businesses. "Adjuncting" is most rampant in higher education because there are so many people wanting to teach, and willing to do it for low pay. I had absolutely no idea that airline pilots have been getting shafted in this way, but they are:
They call college adjunct instructors "highway fliers"; looks like the airline adjuncts are "trans-continental commuters." The facts above are just criminal. Without reform coming from the political left in this country, more and more sectors of our economy will become dominated by "adjunct" or part-time, no benefits labor. The skill and/or credential doesn't matter, be it a PhD or pilot certification. Higher education is a lost cause. K-12 education is next. Airlines. Even the hospitals have interns working 20-hour shifts -- even longer.
In the crash, the first officer, Rebecca L. Shaw, who had been with the company a little more than a year, was earning about $23 an hour, or $16,254 annually. She was living with her parents near Seattle and commuting to her job at Colgan’s operation in Newark, N.J., according to testimony on Wednesday. For a while she had lived in Norfolk, Va., and worked part-time in a coffee shop there.
Simply put, this is exploitative capitalism -- break the unions' backs, tell the employees to apply for government aid for the impoverished (as I was told to do as a University of Arizona teaching assistant), count the profits, give the CEOs eight figures ($10,000,000+). Deny the terribly compromised quality of service, and deny responsibility; deny, deny, deny:
Goodbye yellow brick road, goodbye New Deal. This is a brutal economy; now even the upper-middle class is getting squeezed to pay for the ultra-rich. But never fear; I'm sure the industries will start to "self-regulate," like the health care companies' plan to "cut costs." Yes, they'll do it, like lions deciding to self-regulate their consumption of fresh meat (i.e. profit) right after a kill.
“This is a tough business” and extremely competitive, Mr. Rosenker said.
In addition, Colgan, like other commuter airlines, has a high turnover in which employees spend only a year or two in low-paying, entry-level jobs, a disincentive to live near the airline’s hub. “We look at it as a stepping stone,” said Mary Finnigan, the company’s vice president for administration.
The worst are the bailouts for the banks. You know that money they're borrowing from the US taxpayer? There's only one way to make up that money: by screwing you over.
I predict the economy will keep getting worse until Obama will be forced to enact FDR-style reforms.