In: Economics
Critically analyze the following statement with views of your own: “There is no substitute for an airline pilot: Someone has to fly the plane. Therefore, an increase in the wage of airline pilots will not change the number of pilots used by the airlines (400-500 words for each answer)
Answer:
There's no substitute for an airline pilot. No matter how
programmed the plane is, pilot will need to be there always to
require care of instruments. Increment within the wage paid to
airlines will result in rise in cost of operation for aircraft
since there are no substitutes and individuals cannot total
preparation training of 200 hours which each pilot got to go
through in exceptionally brief span of time. It makes request of
pilot inelastic in the airline industry.
Indeed, in case industry need to pay more compensation to pilots,
they should not fire pilots because they are exceptionally talented
and take care of 350 individuals on board also they lookout of
1,000+ crore plane. Pilots expense exceptionally strong fee for
their course, or we will say that it is one of the foremost costly
course one can seek after fair to require care of so numerous
things, industry ought to pay higher compensation to them such that
newcomers have a motivating force to enter within the advertisement
and supplant ancient matured pilots.
They are moreover medically fit and ought to experience full body
therapeutic checkup on regular interval. All these things make
pilot a special profession and pilots are more important which can
result in rise in cost of operating when wage increases.
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