And they just keep asking for more.

It's unfortunate how the buying power of the dollar has diminished so much over the decades. I don't see that trend ever reversing though.

 

I saw a figure that the Ford CEO makes roughly $20,000 an hour. He got a $12mil raise from '20 to '22.
"Ford itemized nearly $71 million in executive compensation for its top five executives in 2022"
Corporate greed is off the charts.

 

While I don't disagree in the slightest about corporate greed, I would like to point out another way to look at that 12 million dollar raise as it relates to consumers footing the bill: According to Google, in 2021 Ford sold 1.7 million cars. 12 million divided by the 1.7 million units sold equals out to an extra ~ $7.06 per vehicle passed on to the consumer to cover the CEO's raise.

 

Our dollar is turning into a peso. He likely didn't make the call himself, but I mostly blame tricky Richard. (language bot changes people's names to 'Duck', eh?) lol

 

With the value of the dollar where it is today I’m fighting for every one I can get as well.

 

Some more figures: The UAW is pushing for 36% wage increases over the next 4 years. Google says there are 57,000 union employees at Ford. According to an article in the Associated Press: "Ford said average annual pay including overtime and bonuses was $78,000 last year" So 36% of $78k is $28,080. Multiply that against the 57k union members and that equals $1,600,560,000. Take that number and spread it across the 2021 figure of 1.7 million vehicles sold, and you come up with ~ $941.51 per vehicle, IF Ford was to pass 100% of the burden onto the consumer and not eat any of the labor costs. If you were to go out right now and drop $46k rather than $45k on a modest car, and it meant your UAW neighbor friend made an extra $28k per year to provide for his family, would that extra thousand bucks plus interest over the course of your loan break you? I'm not saying the UAW is right or wrong, I'm just trying to look at it from the bottom line. Either way, I'm most likely NEVER buying another new car again

 

Everybody not in the upper echelon is. I went to the scrapyard in July for the first time in years and the line was out into the street. Everybody seems to be looking for ways to scrape by.

 

Yup, nothing like the weekly kick in the nuts in the grocery store checkout isle ( with growing boys I’m sure you can understand that). Everything has gone up and the people that are working haven’t gotten pay increases that cover the gap.

 

That's exactly it, which is why I can't fault the unions for pushing to get better wages for their members. Inflation would almost be irrelevant if wages kept up with the diminishing buying power of the dollar, but that's not the case.

 

According to a respected research institution in this country the average CEO in the US makes $5225000, Canada makes $3216000, and Europe $4465000. I never thought CEO's worked that hard, boy was I wrong. By comparison in Japan that figure is only $439000.

 

I sincerely hope this isn't your last post Zap!

10 years here is a long time!

 

Not by itself...but coupled with the fact that it's like that everytime you buy anything, yes.

You can never get ahead though, as soon as you get a raise the prices go up, and when the prices go up management says they can't afford more raises (except the execs, they get mega bonuses )

 

That's the game. Everybody pays more, but the lower you are on the totem pole the more you feel the pinch.

 

I used to work at a small college in facilities. Every year we would be lead to believe that raises were going to be significant the next year. Every year we would hear in October that enrollment wasn't up to expectations so raises would be small or nonexistant. Meanwhile the president of the college would get a huge raise and evidence of pi$sing away money was everywhere.

 

We need any army of whistleblowers all over the higher education system to expose everything that contributes to tuition being 847 quadrillion dollars per semester

 

My employer is the same...broke whenever it's time for raises. Not the rest of the time though

 

Well not against unions BUT they are also asking for
Guaranteed pensions
4 day work week
Guaranteed employment

to be fair the company have temporary workers for years 8–10 with out benefits

bottom line if companies start paying workers 125k a year like UPS the retired are going to have a hard Time surviving

and AI is going to take over a lot of jobs.. leaving unskilled and working poor in worse situations

 

They're going to have to cave on pensions at the bare minimum. That's what happened at my job in 2016. They negotiated good raises and decent benefits for that contract, but everyone hired after me lost out on a pension. For better or worse companies are going with 401K plans instead. I imagine many UAW jobs can be automated, and many have already been automated. They don't have a strong argument for asking a lot if many of the jobs can be done by robotics. Robots won't strike or call a steward over for any injustice. They don't require a benefits package either. It's a tricky balance between fighting for better pay/benefits or fighting for a job entirely.

 

Eric Wanderweg I agree also the 4 day work week.. equals 20% less work with increased pay! The 1 thing I saw wrong with your previous numbers