There is news that Ford CEO can't find dealership mechanics for $120k a year.
Something is completely wrong in that shit.
AFAIK, dealership mechanic get around $30 per hour (at least at GM, don't think it is much different for Ford). And that hour is not real hour, but hour from Service Bulletein or whatever corporation paper, where times for repairs and service set. This times are underestimated even for a new car, for used one real times will be times more, but mechanic still will be paid according to the corporation norms.
Let's take, say, water pump replacement. All operations will sum up to around a hour. So, $30 to mechanic. Pump itself is overpriced original for $100. But dealership will charge you something like $800.
So, in ideal impossible conditions, when all bolts and nuts come out easy and there are no any unforeseen problems usual when working on cars, with $30/hour mechanic and 8-hour 5 working days a week mechanic will get only 52 * 5 * 8 * 30 = $62.4k for 52 weeks a year working without vacations. Looks Ford ready to pay even twice more than average.
But that's not what attracted my attention.
Dealership with $800 check for $30 work and $100 spare part get $670. What the fuck? Where that money go, and why actual mechanic job is 22 times cheaper than money dealership take?
OK, let's imagine rent, taxes, electricity, consumables, other dealershp employees salaries and all other necessary things. But I can't imagine that they actually cost $670/hour per each car repair stand in dealership service. Especially when mechanic often have to buy normal tools himself to be able to do his work, because dealerships provide some cheap garbage that breaks and then mechanics charged by dealership for this broken tools. I could believe in something like $100/hour, even $200/hour max, but definitely not $670.
Either there is something completely broken, either there is some total scam with 200-300% profit is going on in automotive industry. Like drugs or weapons.
Yeah, it’s called “whites aren’t allowed to be hired.”
Executive salaries.
Well, yeah. That’s pretty much what it has been for decades, just now we have the problem of an 8x increase in the total currency supply since 2008, plus all the competent whites have aged out of the industry.
Looks like whole picture is intentional destruction of wealth created by real labor in addition to inflation and at even bigger scale than inflation.
Got it in one, my friend.