Stellantis and Jeep facing UAW strike.

[Sweetums]

Putting quarterly statements an stock prices first is the dumbest way you can possibly run a company. It promotes short-sighted management and stripping a company of talent to make the next report look good. This is exactly what happened to Boeing.

You can argue it being a livable wage or not and everyone will turn red and no one wins. What most people don't argue is the min wage was set off of median house hold income and it was set to 50% back then. I believe min wage is actually close to that now....

I'm going to need to see your math on that.
According to the Census, the median household income in the US in 2023 is $80,610. Divide that out to hourly rate, divide that in half for the 50% and you have $19.38/hr. Federal minimum is $7.25.

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[Dickster]

Putting quarterly statements an stock prices first is the dumbest way you can possibly run a company. It promotes short-sighted management and stripping a company of talent to make the next report look good. This is exactly what happened to Boeing.


I'm going to need to see your math on that.
According to the Census, the median household income in the US in 2024 is $80,610. Divide that out to hourly rate, divide that in half for the 50% and you have $19.38/hr. Federal minimum is $7.25.

I'll need to see the math on census. The government literally released the actual unemployment numbers and they were off 880k lmao.

Also covid produced a lot of temporary high wages, I know because I had to pay a ton for new hires. Wages are correcting now and people are losing high paying positions.

 

[Sweetums]

I'll need to see the math on census. The government literally released the actual unemployment numbers and they were off 880k lmao.

Also covid produced a lot of temporary high wages, I know because I had to pay a ton for new hires. Wages are correcting now and people are losing high paying positions.

This isn't COVID, it's the 2023 numbers.
https://www.census.gov/library/visualizations/2024/comm/median-household-income.html

I'd still like to see your math on how $7.25/hr is 50% US median income as you previously claimed.

 

[WestwallNF104A]

Most CEO wages are based off stock shares...... when the company is doing awesome they do ad well. No one talks about their wage when shares are not worth crap.

Want CEO wages go be one absolutely no one will try to stop you. 90% of the United States don't want to give up the life style or the demand it take to get to that level.
[/QUEgypt?
CEO compensation packages should be based on overall performance, not just share price.

Share prices can be inflated quite easily by short term decisions that have long term negative consequences for the company.

 

[biodiesel]

There's no doubt that living in America today is very expensive compared to 30+ years ago. At one point in time, you could be a one-earner household and be fine raising a family. Today, it may take two or three people working to make ends meet. This is why it's important to become skilled and seek jobs with higher wages.

Nonetheless, tough times are coming for the auto industry. Many consumers are upside down on their auto loans; therefore, tens of thousands of people can't trade or sell their vehicles. Due to economic uncertainty, banks are starting to reject rolling negative equity into new auto loans.

I'm a little surprised, but the used car industry continues to drop in prices. I suppose there's a correlation between new car prices dropping and used vehicles prices dropping. Everything I've read says that 2025 is going to be a rough year for the auto industry.

 

[Unbreakable]

CEO pay packages are ridiculous. Boeing, Stellantis, they make tens of millions and make bonehead decisions, yet suffer no consequences.

That needs to change.

I have no problem with a CEO making a ton of money, but there needs to be a balance, otherwise the workmanship falls, quality collapses, and workers, stock holders, and buyers end up with a crap product.

I actually do have a problem with CEO compensation it's just not a good argument for higher wages for front line employees unless you can connect the two. I believe that a CEO of a publicly traded company(top 10% of company wage earners actually) should have a salary cap of 5-10 times the average wage of the lower 90%.

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