Thx for posting, interesting video. Seems the USA is headed the way of United what with $15T in debt and some $50+ Trillion in unfunded Social Security/Medicare liabilities. Too bad there's not a PBGA for the entire country. Glad I work for a company that gives defined contribution pensions and not a defined benefit plan. Glad most companies are moving that way - if only everythign in the world worked that way!
Sad for the employees, but rather than complain all day about it - why not just leave the company? THat attorney said it best - the company will cut as far as they can until people quit. If all the employees walked out the door and went to work for WN or in a different industry, then UA would have no choice but to raise their payscales.