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If only large numbers of workers could get together, maybe even unify, to set a price for their labor. Some kind of labor union type thing.
Not true! Lawyers are charging almost $500 per hour.
Well, it’s not exactly like they’re working. They have interns for all the heavy lifting and sifting through court casesfor relevant stuff.
Don’t forget that equifax is now generating employee scores so employers can figure out who is the most desperate and will take the lowest pay, on top of who will actually be a good employee
Freeze your Work Number
Is equifax the only one doing it?
Apparently there are far more than I realized:
https://files.consumerfinance.gov/f/documents/cfpb_consumer-reporting-companies-list.pdf
Fuck man, I never concented to any of this
Just signed up but they said send me an email with ways to identify me before freezing. Wonder if they will even send it?
I did mine like 5 years ago, so I don’t remember what they did. Good luck!
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"It’s one
bananahour of labor, Michael. What could It cost, 10 dollars?"What could it cost, $7.25?
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Profit = revenue - expenses
If you want to maximize profit, you have to increase revenue and decrease expenses; that means raising the price of your product and/or service while also cutting your production costs. Labor is often the single largest production cost, so reducing labor costs is often one of the most effective ways to cut business expenses.
It isn’t fair, it’s capitalism. This is how capitalism works. The profits of a relative few - specifically the business owners, investors and executives - are the priority. All of us are expected to prioritize THEIR profit above all other considerations, even our own lives and well being.
Less-skilled labor is flat, more-skilled labor is up. The K-shaped economy. Nearly everything is completely different depending on which group you are talking about
That’s been my experience, i changed jobs 6 months ago and got a 50% bump.
Have you tried ordering an hour of labor from any company? Those have gone up as well.
Have you tried paying an employee an hour of labor as a company? Paying an hour of labor has also gone up significantly.
Yeah, if you want to hire temporary workers it costs like £30 per hour but they get £10, all these very necessary middlemen
When is you how direct, it costs 100k to how an employee you pay 66k/hr.
You need to pay half of the social security, half of the unemployment, and in California, its 18k/yr for medical, (36k if he has a family), payroll tax, and that is if you provide zero retirement benefits.
An hour of labor definitely went up in price, it just doesn’t show on the paycheck side. Unless you look at the withholdings, some of it’s there.
I realized a while ago that I can’t afford to hire myself.
I heard that phrase when I was young, about people in some poor place making shoes. They can’t afford what they make. I can’t afford myself either and never had at any point in my career, but this seems like a thing of capitalism.
this person does not buy hours of labor apparently
Heh. I hear that. Every subcontractor i use has gone up.
Inhabitants of the internet think that 99.9% of the US population make $7 an hour.
Depends on whether that hour of labor is going to a company that then pays a fraction of the fee to the employee or not. If so, the employee makes the same and the company increased the price.
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i sure do love single permille growth yoy
That’s a tough claim to defend, today, while housing, transportation, and food cost more for so many people.
There’s nothing that you can explain with that fact. Inflation is a measure of dollar value in relation to goods… including goods that you don’t actually need. Simply knowing that wages outpaced inflation tells you nothing about the economic conditions of individual people.
Here’s a more detailed breakdown, which DOES emphasize the things that everyone needs:
https://www.consumeraffairs.com/finance/comparing-the-costs-of-generations.html
Because most of you didn’t upcharge for your labor.
Notice how that’s been the state of things for decades?
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I see the OP hasn’t been to a car mechanic shop lately
shop rate being near $200 even for private shops is wild
I wonder what the techs are making
