Q4. Critically analyze the following statement with views of your own: “There is no substitute for...

Q4. 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.”

notes:-

1- I need New answer please ..

2- a word count of 400-500 words

Solutions

Expert Solution

There is no substitute for an airline pilot. No matter how automatic the plane is, pilot will have to be there always to take care of instruments. Increase in the wage paid to airlines will result in rise in cost of operation for airline because there are no substitutes and people cannot complete flying training of 200 hours which every pilot need to go through in very short span of time. It makes demand of pilot inelastic in the airline industry. Even if industry have to pay more wages to pilots, they should not fire pilots because they are very skilled and take care of 200 people on board plus they take care of 1,000 crore plane. Pilots fee very hefty fee for their course or we can say that it is one of the most expensive course one can pursue just to take care of so many things, industry should pay higher salary to them such that newcomers have an incentive to enter in the market and replace old aged pilots. They are also medically fit and have to undergo full body medical checkup after fixed duration of time. All these things make pilot a unique profession and pilots more valuable which will result in rise in cost of operating when wage rises.

Rahul Sunny answered 1 year ago

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