Striking auto workers want a 40% pay increase–the same rate their CEOs’ pay grew • Hacker News Board

Re: Striking auto workers want a 40% pay increase–the same rate their CEOs’ pay grew

#561

Post by sib » Tue, Sep 19, 2023, 4:28 PM UTC

astrange wrote: post #463

sib wrote: post #360

Earlier quoted context omitted.

Yes - but not every other company - so they have not prevented you from working at another company...

Most people with skills are only really capable of working at competing companies.

Really?? I've lived and worked in Massachusetts and Washington, both states with very strong support for non-competes, prior to living in California, and, as a skilled worker (bachelors and masters degrees in computer science, mba, many years experience in tech) I've not had trouble working in many companies that don't compete with each other. And even in companies that do, as long as I wasn't working in directly competitive parts. And I've had collectively hundreds of thousands of colleagues who've also created careers across companies.

Re: Striking auto workers want a 40% pay increase–the same rate their CEOs’ pay grew

#562

Post by skyyler » Tue, Sep 19, 2023, 4:29 PM UTC

HDThoreaun wrote: post #548

skyyler wrote: post #532

Earlier quoted context omitted.

If they can afford to pay the CEO 100M they can afford to pay above market rate to the janitors, no? Do you have arguments or are you just going to call someone a “doo-doo head”?

Business's exist to make money, not give it away.

Fascinating.

So why are we entertaining 100M salaries? That sounds like giving away money.

Re: Striking auto workers want a 40% pay increase–the same rate their CEOs’ pay grew

#563

Post by HDThoreaun » Tue, Sep 19, 2023, 4:32 PM UTC

skyyler wrote: post #562

HDThoreaun wrote: post #548

Earlier quoted context omitted.

Business's exist to make money, not give it away.

Fascinating. So why are we entertaining 100M salaries? That sounds like giving away money.

The board of directors believes the CEO adds more shareholder value than they cost.

Re: Striking auto workers want a 40% pay increase–the same rate their CEOs’ pay grew

#564

Post by randomdata » Tue, Sep 19, 2023, 4:34 PM UTC

ftxbro wrote: post #290

meindnoch wrote: post #79

"Obviously, CEOs should be the highest-paid person in an enterprise" Hold on there chap! How is this obvious?

they are at the top of the hierarchy and the top dog eats first

Not so. The board sits above the CEO.

Re: Striking auto workers want a 40% pay increase–the same rate their CEOs’ pay grew

#565

Post by jdpedrie » Tue, Sep 19, 2023, 4:34 PM UTC

throw0101b wrote: post #10

Good episode of Bloomberg's Odd Lots podcast from a little while ago on the topic: > On September 14, the contract between the United Auto Workers and the Big Three carmakers (GM, Ford and Stellantis) is expiring — and the possibility of a strike is real. This comes at a delicate time for multiple reasons. The labor market is tight, which means workers have other options. Inflation is high. And the auto industry is u…

Glad to see such a range of views, all the way from labor unions to communist magazines!

Re: Striking auto workers want a 40% pay increase–the same rate their CEOs’ pay grew

#566

Post by r00fus » Tue, Sep 19, 2023, 4:36 PM UTC

astrange wrote: post #205

kangaroozach wrote: post #155

Earlier quoted context omitted.

100% this. Leadership gets to decide how insanely hooked up they will be. Same as congress. Remember when they carved themselves out their own Health Insurance requirements? Same thing.

That hasn't been true for ~13 years now, Congress's healthcare comes from ACA exchanges.

While this is true, they do get 72% of the premiums paid for by the USG, as well as numerous perks like free onsite visits from OAP etc. Not unlike some large employers.

Re: Striking auto workers want a 40% pay increase–the same rate their CEOs’ pay grew

#567

Post by nwalizer » Tue, Sep 19, 2023, 4:36 PM UTC

nataliste wrote: post #535

abeppu wrote: post #183

Just to point out a demonstrated, viable, successful reality achieved under different values and assumptions, the Mondragon Corporation/cooperative produces car parts, among many other things, and has pre-agreed ratios for wages for executives relative to the lowest wages paid to workers, and this tops out at 9:1. Studies have found that worker-owned coops have a greater survival rate than conventional businesses, an…

The paradox of worker-coops is that workers capable of successfully running businesses together are also capable of running businesses independently, so why create more failure points?

How does collaboration create more failure points, rather then fewer?

Re: Striking auto workers want a 40% pay increase–the same rate their CEOs’ pay grew

#568

Post by r3trohack3r » Tue, Sep 19, 2023, 4:43 PM UTC

candiddevmike wrote: post #71

r3trohack3r wrote: post #47

Earlier quoted context omitted.

Not all jobs have quantitative measures for impact. The more a job is decoupled from a measurable value, the more likely that job is to be bid up to "as much as the company can afford." I've seen this in my career, the closer I get to "SRE" or "platform engineer" the more decoupled my salary has become from my actual measurable value. I'd articulate the thinking as, roughly: We know this role is important. We know th…

SREs aren't on the board of directors setting the pay for other SREs who are on their board of directors though. The elite/ownership/"capitalism winner" class are playing on an entirely different level with their power and influence. Don't kid yourself into drawing comparisons with your situation and miniscule in comparison compensation. It's always heads they win, tails you lose.

> Don't kid yourself into drawing comparisons with your situation and miniscule in comparison compensation.

There are two ways to read my comment.

One as explaining CEO salaries.

The other as actionable career advice for negotiating your own salary.

I've used this insight to nearly 5x my salary.

That salary was not minuscule to me.

Re: Striking auto workers want a 40% pay increase–the same rate their CEOs’ pay grew

#569

Post by hinkley » Tue, Sep 19, 2023, 5:27 PM UTC

hermannj314 wrote: post #101

astrange wrote: post #51

Earlier quoted context omitted.

If you underpay elected officials then 1. they just start taking bribes 2. only rich people will run in the election. This is why Singapore pays them even more than we do. Anyway, minimum wages (despite being ok policies) aren't what people are actually paid, and of course aren't especially what non-working people are paid. And remember that non-working people, namely children and the elderly, are poorer than workers…

America's GDP allocated per congressperson is like $50 billion each. Salaries wont fix bribes for someone with that much to command and even the already rich can make a lot of money getting into politics. Their salary means nothing to them.

We should have about 1000 representatives by now but I think they just didn’t want to retrofit congressional buildings to do it. Of course that would still be 20 billion per congresscritter.

But GDP is a bit misleading. A lot of it is financial services lately. It’s not real goods or services.

Re: Striking auto workers want a 40% pay increase–the same rate their CEOs’ pay grew

#570

Post by webworker » Tue, Sep 19, 2023, 6:01 PM UTC

ARandomerDude wrote: post #22

Next year’s headline: Auto Makers Hike Prices 40%, Leaving Buyers Stranded

Buyers are already stranded. I should know, my car got totaled a few months back and a 1:1 replacement with current model year was about $15k more than my last one. Worse, the value of my totaled car was only $8k less than the original sticker.

The car market is extremely ugly right now.