New Kubota Factory

[MessickFarmEqu]

I'm not sure where the $12/hr stuff came from, but one would think there would be all sorts of pay scales in any business. I highly doubt you'd find a welder for $12/hr, but certianly some of the assembly folks who put the same 4 bolts on an RTV over, and over, and over probably are because they are doing an unskilled job anyone could do. In our own business a JR mechanic starts out at 10-12/hr, the highly experienced ones make $40+... you gotta put in your time. We're 30 minutes from the factory where New Holland builds all their haying equipment, its much the same.

 

[JiminGa]

my statement of pay was not meant to insight such political views, instead I was trying to suggest exactly what Messick was more eloquent at saying. I have not been inside the place myself, but I could only guess that a welding job that only pays $12 an hour here can not possibly be a skilled welding job, probably more like watching a machine do the work. The cost of living in this area is not as high as say NY, but close to most other metro areas. There are lower paying jobs, but I would expect closer to $20 an hour for a starting salary for a skilled welder's position.

 

[bunchgrass]

"it's impossible to purchase hard goods and support a family ....... without dual incomes."

Bro - that train left the station in the 1970's. Now we're at the point where you'll need 3 wage earners to stay middle class. Here come polygamy:laughing:

Everyone whines about unions etc but take the time to look what they did and where the American worker was w/o them. There's even a film about the coal miner's strike in the 70's - Harlen, Kentucky I think. Those SOBs were getting screwed.

"Right to work" is a red herring keeping folks from adequate compensation for a days work - sold to you by the folks NOT making $12/hr or even $120/hr. Also, then don't complain when migrant labor undercuts your $12/hr wage and works for half that. Right to work don't ya know.

 

[Deano]

There isn't a CEO (or professional athlete) that makes the money that their skill is actually worth. But... they aren't actually paid for their skill. They are paid for what their skill can drive in making more money.

Look at ARod's contract with the Yankees. Is his swinging a bat or fielding a ball for 10 years worth $250M. Of course not. But if having him on the field for 10 years draws more people to baseball games, then the Steinbrenner's will pay it because it is a net gain for them.

Here's an example to stir the pot. A company has forecast that they will lose $50M next year. They hire a new CEO and he wants $5M base and a bonus of 25% of what he saves the company. He says he can't prevent it from losing money this first year. So he takes the job and the company loses only $10M. How much do you pay him? By contract, $5M + (he saved you $40M x 25%) = $15M. Did he earn it or not? They still lost money and one could argue that losing $10M sure isn't worth a bonus, but in light of losing $50M, it might be. And that is up to the Board of Directors to determine, not the average stock holder.

Well said! Screwed up system, but true!:thumbsup:

 

[bunchgrass]

Well said! Screwed up system, but true!:thumbsup:

Those guys can only make that kind of money as long as stupid a**h**es like us are willing to pay to watch them hit a ball. I for one have grown tired of it. The CEO garbage is like hiring a guy to build you a wall and then paying him extra when he tells you it's only a foot out of plumb - could have been much worse. How dumb are we? (Don't answer that).

 

[lilranch2001]

Well, come up with a product plan, get some investors, and show us how it's done.

Oh wait, nevermind, federal regulations make that plan impossible.

and the Occupy protestors would want you to share all your profits

 

[bunchgrass]

Here's an example to stir the pot. A company has forecast that they will lose $50M next year. They hire a new CEO and he wants $5M base and a bonus of 25% of what he saves the company. He says he can't prevent it from losing money this first year. So he takes the job and the company loses only $10M. How much do you pay him? By contract, $5M + (he saved you $40M x 25%) = $15M. Did he earn it or not? They still lost money and one could argue that losing $10M sure isn't worth a bonus, but in light of losing $50M, it might be. And that is up to the Board of Directors to determine, not the average stock holder.

So what exactly was he getting the original $5M for? To lose the $50M they would lose w/o him? Again - how dumb are we? And, guess who gets "carry" that salary bonus on their backs - the consumer of said product or the workers who "have to" pay more for their retirement plans, health care ..... There's no free lunches and this is where the free market vomits on itself.:thumbsup:

 

[bunchgrass]

Well, come up with a product plan, get some investors, and show us how it's done.

Oh wait, nevermind, federal regulations make that plan impossible.


and the Occupy protestors would want you to share all your profits


Yep - ask Goldman-Sachs about over regulation. Those darn feds. There's a reason it's called "unearned income".

 

[Fxfymn]

What really drives CEO pay? According to a news story I recently read most boards have a policy in place that states their CEO will be given a salary that is "comparable" to other CEO's in their industries.

So if executive "A" gets a raise than executive "B" must also get a raise to keep pace, so therefore "A" now needs a raise to keep up with "B", and so on. The value the CEO brings to the company is not the primary factor, just the desire to keep his/her pay comparable.

 

[Deano]

Those guys can only make that kind of money as long as stupid a**h**es like us are willing to pay to watch them hit a ball. I for one have grown tired of it. The CEO garbage is like hiring a guy to build you a wall and then paying him extra when he tells you it's only a foot out of plumb - could have been much worse. How dumb are we? (Don't answer that).

Stopped watching professional sports 20 years ago!