Strike??? Thoughts, insights, predictions.

[DuraYuk]

That doesn't make any sense to me. GM had $21B in Gross Profit, and $9B in Net Income last year. There are ~46,000 UAW workers at GM making an average of $28/hr...40% increase is $40/hr, so an increase of $12/hr/worker. That for a full-time person at 2,080 hours that comes out to a total labor increase of $1.1B.

So you whack off a billion to pay labor more and they are still netting $8B. Those profits are insane.

GM doesn't need to pass that 'loss' of $1B on to the customer, they are still netting insane amounts of money.

Shhhhhh your making too much sense. This is the same argument for raising minimum wage. It won't have a negative affect on anyone since all these corps make billions in profit.

But we are trained to hate each other instead of corporations who run this place.

 

[mb1500]

Labor does not cost the employer 1:1 ratio with wages, but nice try. Even if they wanted to increase their unionized American labor cost by ~12% of their global net income (using your figure of 9B and 1.1B) they might not have enough left over for the failed EV push and other social justice projects.

If only they would pay their fair share and cows would stop farting I could go to sleep at night…

 

[Sparksalot]

If only they would pay their fair share and cows would stop farting I could go to sleep at night…

 

[gooffeyguy]

Ever since McDonald's raised their starting wage to $15, I pay a lot more for a happy meal, lol

 

[DuraYuk]

Ever since McDonald's raised their starting wage to $15, I pay a lot more for a happy meal, lol

I think a big Mac cost .45 cents when they first came out. Equivalent to 4.05 today. Really not too far off what an actual big Mac costs. https://www.cnbc.com/2023/03/20/mcdonalds-big-mac-prices-state-by-state.html

 

[Fless]

I think a big Mac cost .45 cents when they first came out.

Hard to believe they cost less than a penny. (".45 cents")

 

[89Suburban]

In the end it's all BULL_ShITE and doesn't matter.

 

[mrrairai]

Ever since McDonald's raised their starting wage to $15, I pay a lot more for a happy meal, lol

Prices increased even when minimum wage stayed stagnant for years. So this argument is invalid. Bottom line is that corporation raised prices and made more profits while still paying the workers less.

 

[Shoester36]

Labor does not cost the employer 1:1 ratio with wages, but nice try. Even if they wanted to increase their unionized American labor cost by ~12% of their global net income (using your figure of 9B and 1.1B) they might not have enough left over for the failed EV push and other social justice projects.

If only they would pay their fair share and cows would stop farting I could go to sleep at night…

You're right...at the large corporation that I work for it's essentially 2x the base salary for all of the taxes, fringes, burdens, general & administrative costs, etc. So double my number to $2B and they are down to $7B in net profit. How will the company ever survive and afford to innovate when they only net $7B in one year?

 

[DuraYuk]

You're right...at the large corporation that I work for it's essentially 2x the base salary for all of the taxes, fringes, burdens, general & administrative costs, etc. So double my number to $2B and they are down to $7B in net profit. How will the company ever survive and afford to innovate when they only net $7B in one year?

Yup. What's crazy is when you have a motivated and happy workforce it elevates everything else too for the better.