4 ms·
The reason the airlines have little competition is because it takes lots of money to run an airline and keep up with all of the regulations. Which is a good th
by paulhauggis 11y ago
The reason the airlines have little competition is because it takes lots of money to run an airline and keep up with all of the regulations. Which is a good thing. With the thousands of flights going on every day, accidents are pretty minimal.
But it also shows that the more government regulation an industry has, the less competition we will see, because only huge corporations can survive.
- a8da6b0c91d 11y agoYou also bump into the question of whether you really want maintenance crews and pilots to be as cheap as economically possible. Or maybe these roles deserve some prestige and protection to ensure greater professionalism.
- rbobby 11y agoPilots are as cheap as economically possible. Some are even on food stamp programs.
- PhantomGremlin 11y agomaintenance crews ... to be as cheap as economically possible Already happening. How does $2/hr sound to you? US airlines are sending more and more of their heavy maintenance to third-world countries. http://www.law.umaryland.edu/marshall/crsreports/crsdocuments/R42876_12212012.pdf http://www.law.umaryland.edu/marshall/crsreports/crsdocument... Welcome to the global race to the bottom.
- toomuchtodo 11y agoCompetition is only healthy when safety is put above profits. This happens when regulations have teeth.