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The funny thing is the rate charged to customers has skyrocketed in the past decade, yet the wages for the electricians are apparently stagnant?
by jandrese 4y ago
The funny thing is the rate charged to customers has skyrocketed in the past decade, yet the wages for the electricians are apparently stagnant?
- vkou 4y agoMiddlemen and managers are pocketing the difference. When you hear about tradespeople pulling in mid-six figures, they generally aren't in the trenches, laying down pipes or wiring cables.
- ceejayoz 4y agoProductivity and wages (across the board, not just electricians) diverged around 1980. https://www.epi.org/blog/growing-inequalities-reflecting-growing-employer-power-have-generated-a-productivity-pay-gap-since-1979-productivity-has-grown-3-5-times-as-much-as-pay-for-the-typical-worker/ https://www.epi.org/blog/growing-inequalities-reflecting-gro...
- JustSomeNobody 4y agoIt never trickled down. It floated up.
- yamtaddle 4y agoMore central management with large shops/conglomerates/chains, fewer small shops and independents, maybe? You know, "market efficiency".
- geodel 4y agoYup, leveraging the synergy all the way.
- JustSomeNobody 4y agoThat's the case with so many things. If a nickel can be squeezed out of the working class and diverted to the wealthy, it surely will.
- nuancebydefault 4y agoCompare it to farmers who get less for their produced goods, while in the shops prices go up. What part of the ticket price of a litre/gallon of milk ends up with the farmer? I never understood this.
- lotsofpulp 4y agoBased on the profit margins of the largest publicly listed retailers, the shops are not ending up with it either.
- jandrese 4y agoSo where is all of the money going? Insurance premiums?
- lotsofpulp 4y agoI suspect the bottom paid tier of society such as seasonal workers on the farms picking fruits and vegetables, workers in meat processing facilities, drivers, and lots of others in the bottom 20% to 40% of society are getting higher pay. Not that it means their lives are now sunshine and roses, but a lot of our "cheap" goods were based on a lot of people being paid relatively very little.
- nuancebydefault 4y agoProfit = turnover - expenses. Manager bonuses, business travel expenses and taxes are part of those expenses.
- lotsofpulp 4y agoProfit = revenue minus expenses. I do not know what your point is, but business owners do not pay employees, even managers, more than they have to.
- nuancebydefault 4y ago