dealfinder500

Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?

That's a pretty naive statement.

Most likely that guy doesn't get the $11 all to himself. It probably goes to the company, and he probably gets $10/hr or less.

But in the unlikely event that the guy did own his own garbage company and drove the truck himself and was the only worker, that $11 has to cover the cost of maintenance on the truck, gas, a place to process the trash, and then unless he has his own landfill he'll have to pay for someplace to put it, not to mention he'd have to pay the full SS tax on his income.

So your illustration really isn't comparable.


On Nov 11 08:49 AM pockyclips 2020 wrote:

> Sounds expensive, but let's crunch some numbers. I pay some guy
> $11.00/month to pick up my trash 4 times. It takes him about 45
> secs to pick up my trash.
>
> Let's see; $11/4 =$2.75 per pick up. x 60 min/hr = $165/hr. x
> 60/45 = $220 per hour. This guy is non-union and more likely than
> not an illegal alien, so the trash hauler is making a mint. $73/hr
> doesn't look so bad viewed in this context.

Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?

Perhaps a (slight) pay cut is in order for the ordinary worker, but that should not be considered until the management cuts their pay first. Personally, I think 10-20x the average worker's income is more than sufficient for management. As a general rule, I really don't that anyone should get paid more than $1 million a year for being a CEO (with some exceptions, such as if you started the company).

It makes you wonder if these companies would be in this mess now if they had done something like that years ago.