FlyerTalk Forums - View Single Post - Unions worry Southwest Airlines could reject bailout and trim workforce
Old Mar 27, 2020, 1:31 pm
  #7  
xliioper
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Join Date: Jul 2003
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It's pretty clear industry will be nowhere near previous levels by September and it will likely take years to attain those levels again. Mandating full employment through September in exchange for taking the aid is just ultimately delaying the inevitable. There are many other industries that are similarly taking huge hits and the layoffs are largely immediate as they won't be getting bailouts. Bailouts should only be sufficient for keeping the airlines afloat temporarily as critical infrastructure until some semblance of demand returns. There will be a lot of displacements and movements in the economy, but this is how dynamic economies work. Some of this has been going on for awhile and this will just accelerate it (movement from brick-and-mortar retail to online). Statism, where the government guarantees jobs in sectors where they are no longer needed, is not the answer.
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