re: GM ceo makes 29 million a year

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Don't mistake recognizing an observable fact as complaining.

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Ok. That’s fair!

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Newer houses, which cost 2-2.5 times as much and have twice as much square footage

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So a better constructed house with twice the square footage, and (my addition) much nicer finishes for the same (indexed to inflation) price, at 8% apr compare to 18% apr…. sounds horrible.

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You're assuming wages kept up with inflation. They have not.

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You're assuming that everyone is “average”. Plenty of fields and trades have beat inflation. others haven’t. My uncle was an awesome carburetor tuner. His income didn’t keep up with inflation. I’m sure you can figure out why. My dad worked in electronics. He beat inflation. Income depends on what an individual does more than anything else.

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Do you think $120k house at 10% is cheaper than a $400k house at 7%?

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I assume you mean interest %-ages. But It’s not enough info to answer the question. If it’s no down payment…and the $120k house is appreciating at 1% a year it’s expensive. If the second house is appreciating at 15% yoy it’s cheap.

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If you look at the dress code, build quality and attention to detail in a Japanese plant versus a US plant you can see why the Japanese have better cars. Haruto over there is dressed in a clean suit with his sights set only on his task. Meanwhile while in Detroit, Tyrone is dressed in a baseball cap, t-shirt and shorts hitting on Yolanda while trying to torque the engine.

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GM has to be embarrassed with the appearance of the workers when they show up in videos showing them assembling $170K Vettes.



I'm sure uniforms/dress codes are banned by the UAW contact.

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Joe Burrow makes $29 million a month. So what?

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Best damn response.

A whole lot less than Jimbo.

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Chicken

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Speaking of CEOs with inflated salaries...

Get the pitchforks, baws!

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To install a windshield requires 2 arms.
The windshield installer didn’t design the process. Or the glass. Or the adhesive. Or the equipment. They are literally just…there.

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All they do now is watch the robot

If memory serves, didn't the stock option as a form of compensation come about due to complaints about CEO salaries and other perks? And i think government (esp IRS and SEC) regulations helped push corporations in that direction as well...

unintended consequences...

Being envious of another’s pay is immature, Poor man’s greed. If you want your pay to be above the norm, do something above the norm. Find something you are good at, spend 10,000 hours at, you will master it.

From the 90s to the early 2000s I was a construction manager making $36,000 a year plus bonus. I got passed over for a senior management position.
I decided that was enough. I started my own residential construction company…IN 2008!
Self taught on design software BTW.
Think about that for a sec.
We scraped and fought and found a way to separate ourselves from the real estate chaos that most builders were mired in. (Didn’t bitch and moan about the “market crash”. )
Invested time and effort in learning what markets weren’t effected, and hammered it.

Fast forward to now. We do between $8 million and $12 million a year. All in house design. Still a small company, but lean with low overhead. Stiff market, suppressed by interest rates but still digging. Still getting contracts.

My income is significant, but it’s a result of what I put in the last 15 years. There are people out there that think they deserve to “share the wealth” simply because they are now part of the organization. If some Union hack threatened a strike with me I would shut it down, go on extended staycation and tell them to call me when they are ready to go back to work. I would never see your picket signs because I would be fishing.

You could pay me way less to churn out shitty cars like GM and dodge