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re: Latest Updates: Russia-Ukraine Conflict
Posted on 6/3/24 at 4:27 pm to LSUPilot07
Posted on 6/3/24 at 4:27 pm to LSUPilot07
quote:
You’d think with all the talk about western weapons now allowed to be used across the border that they would at the very least pull them out of regular HIMARS range. That’s like shooting fish in a barrel. These are the Russians though, no one ever claimed them to be the smartest bunch.
In WWII a sharp eyed phot recon analyst spotted a unique looking dish on the French coast. He sent out a memo theorizing it was a new, advanced German radar system. So British special services put together a raid. And captured it and dismantled it and shipped it back across the channel.
Hitler was so angry that he sat down and designed a special defensive system for each radar site. He drew it out himself (remember he was a decent artist) with barbed wire belts, machine gun nests, and infantry ditches. And he ordered that every radar dish along the Atlantic wall be built with that exact defensive array.
So suddenly that exact signature started popping up everywhere, fresh dirt and all, in the exact same pattern and dimensions. The Allies didn't realize that there were dozens of these dishes until Hitler ordered them defended.
The RAF immediately started bombing the shite out of them.'
TLDR: The average person is stupid. Armies run by autocrats are even more stupid than that.
0
Posted on 6/3/24 at 4:35 pm to bigjoe1
quote:
Executive pay in any industry is at a huge multiple to entry and mid level employees.
Absolutely, but when you have crazy executive pay plus consistently higher entry and mid level salaries than the average employer it’s obvious you’re bringing in some cash.
It’s kind of baffling to see people who experienced Iraq and the War on Terror who also apparently don’t believe war is big business.
Posted on 6/3/24 at 4:43 pm to VolSquatch
quote:
It’s kind of baffling to see people who experienced Iraq and the War on Terror who also apparently don’t believe war is big business.
No one is saying war isn’t big business. We know it is. We are saying that there are bigger businesses and that the MIC is getting a smaller share of government dollars than they got forty years ago.
Posted on 6/3/24 at 4:51 pm to VolSquatch
quote:
The profit margins are thin because they hire people at ridiculous salaries to up the cost of production. They can only legally profit X% off an item, but there isn't a ceiling on the price of most of these items. So you jack your salaries through the roof and you don't even need a ton of profit.
What? These are publicly traded companies. What does the phrase 'you don't need a ton of profit' actually mean in this context?
quote:
Have you seen what these companies hire engineers straight out of college for?
How much? I looked at RTX postings and I saw a mechanical engineer job starting at 64k going up to 128k but which needed a minimum of 2 years experience. That one job also required prior experience with Raytheon. I think one of my plant baw roommates in college got 60k straight out of school in ME.
quote:
How exactly do you think that works without them bringing in a lot of money?
I'm interested to hear your explanation.
Posted on 6/3/24 at 4:52 pm to VolSquatch
So the workers who build these items are making quadruple union scale? Got it.
Posted on 6/3/24 at 4:55 pm to VolSquatch
quote:
Median pay for engineers of all experience levels in 2023 was $91k, entry level salary for an engineer at Lockheed Martin was $84k. Raytheon is somewhere between $79k-$89k depending on where you look.
Operators in refineries are paid easily over $100k a year, if not knocking on $150k a year. I don't know of any engineer with entry level of as low as $100k. So it isn't the pay that costs so much
Posted on 6/3/24 at 4:58 pm to crazy4lsu
quote:
I'm interested to hear your explanation.
He can't. I wonder if he has any work experience at all. He sure seems not to
Posted on 6/3/24 at 5:02 pm to CitizenK
O&G paying more doesn’t mean the salaries aren’t higher than the average job. There are a lot of valid reasons for O&G paying what it does. It’s involving the most important resources in the world and somewhat volatile.
Posted on 6/3/24 at 5:02 pm to CitizenK
You are such a **** 
Posted on 6/3/24 at 5:09 pm to crazy4lsu
quote:
What? These are publicly traded companies. What does the phrase 'you don't need a ton of profit' actually mean in this context
Speaking strictly by contract, you can inflate costs with salaries and consulting fees to fall under the % profit cap. So let’s say artillery shells have a 10% cap, instead of making them for $500 and profiting $50 per widget you increase costs so the widget costs $3000. It’s the same % profit, but your employees are making more than they would in most other industries and your consultant buddies and you also make a hefty sum and none of it is ‘profit’, it’s cost.
quote:
How much? I looked at RTX postings and I saw a mechanical engineer job starting at 64k going up to 128k but which needed a minimum of 2 years experience. That one job also required prior experience with Raytheon. I think one of my plant baw roommates in college got 60k straight out of school in ME.
Looks like high 70’s to 80’s.
Posted on 6/3/24 at 5:11 pm to CitizenK
Citizen K and making up bullshite, name a more iconic duo. Do you ever get tired of being a bitch, or is it just natural at this point?
Posted on 6/3/24 at 5:18 pm to VolSquatch
quote:
So let’s say artillery shells have a 10% cap, instead of making them for $500 and profiting $50 per widget you increase costs so the widget costs $3000. I
I can tell you’ve never been part of an audit team. That’s not really how things work at all.
Posted on 6/3/24 at 5:21 pm to notiger1997
So our military production costs aren’t inflated compared to comparable stuff elsewhere? That’s an interesting position not backed up by reality. Consulting costs particularly tend to be through the roof in my experience, even compared to regular government consulting jobs.
Posted on 6/3/24 at 5:27 pm to VolSquatch
Of course the prices are inflated. It’s that way with all government related production and services. But that’s not how a defense contractor is manipulating profits
Posted on 6/3/24 at 5:28 pm to VolSquatch
Take welders in the Houston area over the last 15 years who are making $200 per hour with 10 hour days. They ain't lettuce pickers.
Posted on 6/3/24 at 5:39 pm to VolSquatch
quote:
Citizen K and making up bullshite, name a more iconic duo. Do you ever get tired of being a bitch, or is it just natural at this point?
Chemical plant workers make the same as refining. So does other process manufacturing. Construction labor has increased out the wazoo the last several years. Fabrication yards (welding so you'll know what that means) across the nation have cost escalation and not because of materials shortages, but labor cost. They could actually accept more orders but the labor isn't available. ADM is paying $41 per hour for entry level workers making products out of corn. FTR, industrial products have been made from corn since before 1900.
Posted on 6/3/24 at 5:51 pm to CitizenK
Unprecedented levels of cope by ISW.
Posted on 6/3/24 at 5:52 pm to notiger1997
quote:
But that’s not how a defense contractor is manipulating profits
Because it’s technically not profit on the books.
If I have myself as an executive at a high salary, and I hire my buddies as consultants at crazy rates, chalk that up on a no-bid contract to expenses, there is certainly a lot of money being made by someone.
Posted on 6/3/24 at 5:53 pm to CitizenK
Happy pride month
Posted on 6/3/24 at 5:56 pm to VolSquatch
quote:
O&G paying more
O&G doesn't include refining. That refers to drilling and production including. Refining is just another manufacturing job. It's not mine or anyone else's fault you don't make any money and are jealous of those who do.
This post was edited on 6/3/24 at 5:58 pm
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