Strike at Deere plants in the US, more supply chain shortage to come

[Milo]

Perhaps they are overpaid, I'm not going to argue on that point but I can tell you it's not a 9-5 m-f job. It's their life. It's a massive amount of responsibility and a few bad moves could wreck the lives of many people. It looks simple from the outside looking in but I assure you it's not. Every hour of their life is accounted for on a calendar.....

I can only imagine. A friend was head of global sales in the semi conductor industry, his 10 hour work day (which usually ended up being 12) was divided and scheduled in 15 minute segments every day. He said it was so nice after retiring when he divided his day into 2 segments, AM and PM.

 

[tradosaurus]

I can only imagine. A friend was head of global sales in the semi conductor industry, his 10 hour work day (which usually ended up being 12) was divided and scheduled in 15 minute segments every day. He said it was so nice after retiring when he divided his day into 2 segments, AM and PM.

Hopefully he was well compensated.

 

[ultrarunner]

The day

I know two physicians that encouraged their children to become veterinarians, not doctors. Equal or greater earning power with substantially less liability.

Besides, wouldn't you prefer to care for a friendly dog compared to a grouchy litigious patient?

The day of the sole practitioner is slowly coming to a close and two biggest reasons as I see it are regulatory compliance both in the practice of medicine and HR plus dealing with insurance reimbursements.

 

[Cahaba Valley Farm]

Star players that generate income for the shareholders, which I benefit from with my 401K investments.

Never heard it put like that before...interesting take on it.

 

[Cahaba Valley Farm]

Seems counter intuitive, doesn't it? Our health insurance is over $24K per year, just me and wifey.

Seriously???

 

[Cahaba Valley Farm]

Same here but ours was just raised to 29k per yr. with a 5k deductible. Must be nice to turn that down.

Are you seriously paying $29K a year in premiums???

 

[ultrarunner]

My self employed brother is 2100 per month for family of 5 with 10k deductible…

 

[Cahaba Valley Farm]

I was paying about the same ten years ago for my wife and I, over $26K per year ($2,200 per month, $13 per hour) before being Medicare eligible. I'm not sure people who have health insurance included by their employer take this completely into consideration.

Was their some kind of pre existing conditions that would warrant that kind of premium? (P.S I'm not trying to pry into your health records as it's none of my business)

 

[ultrarunner]

It's just what it costs and costs very widely depending on geographic location.

My retired Union Butcher neighbor uses his entire pension check of 35 years to cover he and his wife in addition to Medicare... they are both in their 90's...

He doesn't want to loose the Union Plan.

Self employed with a family can be brutal.

This is why some have little sympathy for strikes after offers made and rejected.

 

[Cahaba Valley Farm]

Let's do the math on that...

Let's say you make $10,000 per year (for ease of math).

$10,000 + 10% the first year.

$10,000 + $1000 = $11,000

+ 5% in year 3.

$11,000 + $550 = $11,550

+ 5% in year 5.

$11,550 + $577.50 = $12,127.50

Then add on the $8500 ratification bonus. Spread that on top in 1/5 increments.

$8500 / 5 = $1700

$11,000 + $1700 = $12,700 1st year
$12,700 2nd year
$11,550 + $1700 = $13,200 3rd year
$13,200 4th year
$12,127,50 + $1700 5th year = $13,827.50 5th year.

That's a 38.275% pay increase by year 5.

Then it's time to renegotiate a new contract.

Good grief.

Yeah I was astonished that the UAW did not accept that offer.

 

[two_bit_score]

Yeah I was astonished that the UAW did not accept that offer.

The UAW must not be getting a big enough cut.

 

[Cougsfan]

All I'll respectfully say is IMHO you don't fully understand what a CEO does, what to takes to get there, the value a good one brings to a company, or why jobs are compensated the way they are.

I am quite sure you have to be an ambitious and intelligent workaholic to make it to the CEO level. I agree that it is a stressful job.
But that has always been the case. However between 1978 and 2019 the average CEO salary increased 1007.5% while the average worker's salary only rose 11.9%. The average CEO now makes 278 times the salary of the average worker. They make that much because they can, not because they are worth it. Today the upper level Corporate Officers and Corporate Board of Directors is a closed group of over-compensated individuals who give each other mostly undeserved pay raises. You are far far more likely to be born into that elite, closed group than you are to to work your way into it. There are exceptions (mainly entrepreneurs) but they are the exception rather than the rule. To say that they are overly brilliant is not always the case. To say they have good morals is not always the case either.

 

[rScotty]

Seriously???

Are you seriously paying $29K a year in premiums???

That sounds about right. My wife and I are self-employed & normally healthy. Mostly just annual checkups. For the last 30 years our combined premiums were right at $20K/yr. That doesn't include dental, eye, & hearing.
Premiums leaped about 2010 when so many health insurance companies folded. Ours did.
rScotty

 

[Frankenkubota]

I would change the word never learn to never change. Most people don't like or want change.

even thinking about change makes people uncomfortable and people don't like to be uncomfortable.

that's why the status quo is so powerful, people that can actually make a difference, make a change....got way too much to lose.

 

[Cahaba Valley Farm]

Imagine the outrage among skilled positions if the company paid unskilled workers the same...

It happened with this company but it so far has turned out to be a happily ever after Cinderella story:

CEO on why giving all employees minimum salary of $70,000 still "works" six years later: "Our turnover rate was cut in half"

In 2015, CEO Dan Price raised the salary of everyone at his Seattle-based credit card processing company Gravity Payments to at least $70,000 a year.

www.cbsnews.com

 

[Frankenkubota]

I am quite sure you have to be an ambitious and intelligent workaholic to make it to the CEO level. I agree that it is a stressful job.
But that has always been the case. However between 1978 and 2019 the average CEO salary increased 1007.5% while the average worker's salary only rose 11.9%. The average CEO now makes 278 times the salary of the average worker. They make that much because they can, not because they are worth it. Today the upper level Corporate Officers and Corporate Board of Directors is a closed group of over-compensated individuals who give each other mostly undeserved pay raises. You are far far more likely to be born into that elite, closed group than you are to to work your way into it. There are exceptions (mainly entrepreneurs) but they are the exception rather than the rule. To say that they are overly brilliant is not always the case. To say they have good morals is not always the case either.

i'm sorry but i do not remember the name of the book i read but it's basically about the American aristocracy and how inbred the management of these huge american companies are.

example after example of so and so' son running GE or something similar.

there was one example after another. i think it came down to about 25 families, i read it a long time ago.

 

[Torvy]

It happened with this company but it so far has turned out to be a happily ever after Cinderella story:

CEO on why giving all employees minimum salary of $70,000 still "works" six years later: "Our turnover rate was cut in half"

In 2015, CEO Dan Price raised the salary of everyone at his Seattle-based credit card processing company Gravity Payments to at least $70,000 a year.

www.cbsnews.com

Sort of....I've done payment processing....there are no 'skilled' workers.

The CEO Paying Everyone $70,000 Salaries Has Something to Hide

Inside the viral story of Gravity CEO Dan Price.

www.bloomberg.com

 

[Cahaba Valley Farm]

I'll toss out a name: Edward Bernays.

I have said it before and I will say it again: I learn something new everyday on this forum. Never heard of this man until I saw your post. Thanks for sharing Diesel.

 

[Pixguy]

Are you seriously paying $29K a year in premiums???

I kid you not. We're looking for alternatives now.

 

[Frankenkubota]

I kid you not. We're looking for alternatives now.

if you are rich, no problem

if you are dead broke, "no problem".

It's the folks-in the middle with the problems.

I play music with 3 old guys, not quite yet on medicare, 2 had cancer, 1 heart problems.

All three had surgery etc etc and the follow up and the PT and the repeat check ups.

Their monthly health insurance is NADA, ZIP, SQUAT! They got none!

And they tell me as long as they pay $10/month...."the hospital can't do a thing".

Like so much else, healthcare admin is broke, stuck in the 70s, based on a model that is 100 years old and outdated.

As usual, no suggestions.