Posted by K-Mo on December 26, 2020 at 09:51:42 from (66.43.203.225):
In Reply to: Re: Shop Rates posted by jimg.allentown on December 26, 2020 at 09:09:47:
I didn't mention, I was paid 60% labor. For me at that time was $3.00/hr. That would mean your $100 technician today would receive $60/hr. In 1969, I made good money at $3.00/hr. Paid all my bills. What's different, the cost of living. To be truthful, today's technicians may have benefits like health insurance, but I still don't think it adds up to $60/hr. Everyone thinks $15.00/hr will fix everything. Increased wage earner pay will create inflation and with in 3 years, the wage earner will be in the same place as today. The pay goes up, the rent goes up. The objective should be to reduce the cost of living to achieve a single income household. How, I don't know. That's for the smart people to figure out. Just something to think about on a cold winter's day.
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