New Hires in UAW Now Get Just $14 an hour
in [Drive]
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From: Brent on 25 Jun 2010 23:13 On 2010-06-25, Nate Nagel <njnagel(a)roosters.net> wrote: > I'd just like to point out that I probably made about $30K at my first > job out of college with a degree in mechanical engineering. Either I > got fucked (well, I probably did, a little) or else UAW workers *were* > getting paid too much. (but I was glad to have a paying job finally > after eating ramen and boxed mac 'n' cheese for four years, and staying > up half the night to make spending money after going to classes and then > doing problem sets/studying.) At the time I finished my BS degree 35K was the average for a starting mechanical engineer with a BS degree. When I got my masters I got an insulting offer of 29K/yr from a place that was well cheap. I declined because there was even more wrong with the job. The place was technology backwater, in a location I didn't like, etc. I ended up getting considerably more somewhere else. > Note: not disagreeing that a machinist w/30yrs. experience is worth > something, but if you take an entry level job, you get entry level pay. > that's the way the economy works. Exactly.
From: Brent on 25 Jun 2010 23:20 On 2010-06-26, lil abner <> wrote: > I can't address how much GM makes but there is 40% somewhere between > production and the showroom. GM hasn't made 40% margin in decades if even in my life time. I remember when I was in high school and reading a lot about cars and the automotive business that one year GM's NET PROFIT was $17 per vehicle. Yes, $17. > I can't count the times Dealers have told > me they are losing money on every sale but the next time you look they > are expanding. The Ceo and Board are making billions. they effectively > control to the point of ownership, or use to anyway. > All that aside labor is worth whatever they can get it for. The workers > that unionize are trying to preserve their interests in the companies > and a decent wage. The Company is trying to destroy unions and get labor > as cheap as possible. depressing real wages is in Wall Street's interest > not America's. The idea that Americans should start living and working > like slave labor in China is unacceptable. is this our Country or Global > Banking and Merchants? Killing companies by forcing them to pay inflated wages is part of how those you rant about above profit and expand their power. You want big wages? Restore/create the free market so people can be productive. Higher productivity = higher wages. Simple as that.
From: Brent on 25 Jun 2010 23:31 On 2010-06-26, Nate Nagel <njnagel(a)roosters.net> wrote: > Honestly, a significant devaluation of the dollar would go a long way > towards solving a lot of these problems, but it would be painful. > Unfortunately I (NB: I am not an economist) can't think of any likely > unfolding of things that doesn't involve economic pain. That's inflation. We need deflation now. Deflation is bad for bankers and debtors but it will allow the economy to recover for the long term. All lowering the value of the dollar accomplishes is to wipe out savers and add to the problems.
From: Brent on 25 Jun 2010 23:38 On 2010-06-26, Dave Head <rally2xs(a)att.net> wrote: > I can. Its called the Fair Tax. I got a better idea, it's called the no tax. Eliminate taxes starting with the income tax and the SS ponzi scheme. > The best thing about the Fair Tax is that it gets rid of the income > taxes - all of 'em - personal, corporate, self employment, capital > gains, gift, alternative minimum, estate, social security, medicare, > etc. etc. For about a year. 10 tops. Then we'll have the "fair tax" and everything else. > And the criminals would be paying taxes, and tourists would be paying > taxes, The criminals, those of any consequence, wash their money through the banks. That's very profitable for the banks. Good luck shutting that down. > But THAT would stop the exodus of jobs out of the country (the income > tax is what's causing it, btw, not the labor rates - And hence why the income tax needs to be eliminated and replaced with nothing. Closing down the world wide empire and ability of those in elected and non elected office to play a giant game of risk across the globe would offset the loss of the income tax. > American cars, and lots of other stuff are ALMOST competititve now. If > we knock a 40% tax out of the equation, how will American business > compete both domestically and internationally? Much, much better than > they do now is the answer. > > Yeah, I think the Fair Tax would save our country. Do I think it'll > happen? Nope - its so fantastic to have an actual answer, that I > don't think enough people will believe it to make it happen. Read the > link - study it for a few months - see for yourself. We'll just get taxed double that way.
From: Brent on 25 Jun 2010 23:44
On 2010-06-26, lil abner <> wrote: > Brent wrote: >> On 2010-06-26, lil abner <> wrote: >> >>> I can't address how much GM makes but there is 40% somewhere between >>> production and the showroom. >> >> GM hasn't made 40% margin in decades if even in my life time. I remember >> when I was in high school and reading a lot about cars and the >> automotive business that one year GM's NET PROFIT was $17 per vehicle. >> Yes, $17. >> >>> I can't count the times Dealers have told >>> me they are losing money on every sale but the next time you look they >>> are expanding. The Ceo and Board are making billions. they effectively >>> control to the point of ownership, or use to anyway. >>> All that aside labor is worth whatever they can get it for. The workers >>> that unionize are trying to preserve their interests in the companies >>> and a decent wage. The Company is trying to destroy unions and get labor >>> as cheap as possible. depressing real wages is in Wall Street's interest >>> not America's. The idea that Americans should start living and working >>> like slave labor in China is unacceptable. is this our Country or Global >>> Banking and Merchants? >> >> Killing companies by forcing them to pay inflated wages is part of how >> those you rant about above profit and expand their power. >> >> You want big wages? Restore/create the free market so people can be >> productive. Higher productivity = higher wages. Simple as that. >> >> > Illogical. Free Market or Fair Trade does not exist. Re-read. I said it didn't exist, it needs to be restored/created. > American politicians are not trying to preserve American > Citizens or industry as the world leaders. They are trying to drive down > America to Global ism's holy grail of equal poverty for the globe. They > want to transfer our wealth to places where their are no resources or > much wealth production so they can make a profit off them too. > too hell with American sovereignty and the Republic and Americans. > the rest of the world is looking to their interests. Our politicians and > Wall Street is looking to their interest not ours. > If our Leaders don't look to our interest sure as hell no one else will. > I;m not interested in what is fair for India or Mexico's billionaires or > any place else. > I'm interested in what is best for American Citizens first last and > always. Like I said they are looking out for themselves. It is about > time our Leaders started looking out for our interests. > A day's pay for a day's labor is apparently an American concept and > Globalist Bankers and Merchants are trying to kill it and bring us into > line with the third world. How does forcing companies to pay higher wages and then go under solve the problem? It doesn't. It makes it worse. You need to attack the underlying problem. The root cause. start with the all powerful government that has eliminated the free market from which high productivity, high wages, and low costs come from. |