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Wall Street's grousing about American Airlines' worker raises shows what's wrong with Wall Street

Wall Street's grousing about American Airlines' worker raises shows what's wrong with Wall Street

American Airlines on Thursday did something that’s good for its workforce and good for its passengers: It announced healthy pay increases for its pilots and flight attendants, two years ahead of the expiration of their union contracts.

In response, Wall Street absolutely slaughtered American’s stock. The airline’s shares lost more than 8% in value over the ensuing two trading sessions, a loss of about $1.9 billion in market value in 48 hours.

This slide tells you much more about Wall Street than American Airlines, and nothing good. In fact, the incredible whining...

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