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Comment by kedean | Hacker News Reader

It's not totally clear to me, but it is telling that the union members specifically say boeing needs to "stop breaking the law" and that the rejected deal included an allegedly large pay increase. 96% turning that down doesn't feel like the increase just wasn't enough to me

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It goes with the perception of corporate greed. Boeing stocks have shot up, profits are not being shared, and those profits came at a cost of safety, and it isn't as if market share had not still declined against Airbus.

I wouldn't be surprised if a machinist used to be able to go home, proud of the work they have done, and now, it is not so.

And if the culture destroys Boeing and its reputation in the end, the machinists are going to be struggling to find new jobs. "Sorry, we don't want someone who built bad airplanes to work on this other safety critical thing."

The larger economy just doesn’t have enough similar positions to absorb all of the Boeing employees without them having to significantly reskill. Not to mention after you build airplanes going to build most anything else might feel like a downgrade.

Unless you are talking about a very specific period in the last ten years, Boeing's stock has not "shot up". It is barely up over the last decade in a period when the total US market has nearly tripled.

Boeing stock is worth 4x what it was 15 years ago.

It had gone up almost 10x from 2010 to 2020, then they got hammered by the obvious.

>Boeing stock is worth 4x what it was 15 years ago.

The S&P 500 is worth 5.4x over the same time period. There might have been some enthusiasm back in 2018, but in the past 5 years they've definitely underperformed.

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