Haha, it’s usually worse than that. Especially if you do manual labor and don’t have a union. Friend of mine was receiving 6% of the value of his labor after we calculated it.
I wish I made 6% of the value of my labor. My power plant has $1M+ days sometimes and there’s only 30 of us running it. I make good money, but not $30k/day good. A couple months ago when we saw sustained deep freeze temperatures for like a week straight, we saw $5M+ days.
We also work crazy hours for those situations. Last week I pulled 72, and the next couple weeks will be 84 hours. But at least they ordered pizza for us.
My company had a year where they earned $500M after tax, which was equivalent to an earning of $3.5M per employee, and I got a bonus of $6000 which was the standard bonus for all employees weighted compared to their annual salary.
That summer we had our yearly summer party in a tent on our parking lot…
When they make that much money, why don’t they hire another 30 or 60 people so everyone can have a normal 32h work week? Are the employee benefits really that good that it’s worth it? I hope they are much more than just pizza. Why would you let yourself be exploited by them, on such an insane level that you are willing to work almost triple work weeks? They are stealing your life while having the financial luxury to just hire more. Have you talked to your union? Work to live, don’t live to work mate.
Sheesh, if that doesn’t radicalize someone idk what does. Granted in your case a lot of that value comes from the constant capital of the plant itself but still, it is likely you make less than 6% yeah. My friends was easy to calculate because constant capital was relatively negligable.
The owner of the construction company is being paid for the work that their employees do. All of that money, after expenses, does not go to the people who did the actual construction.
6% is not pretty good, it’s like if i make a cake and i can only eat 6% of it, dammit! i made it, lemme me eat at least half, then i can leave you whatever you want
Consider that many people in a business don’t provide any direct positive labor value, such as a business owner not doing any direct work that makes money
Haha, it’s usually worse than that. Especially if you do manual labor and don’t have a union. Friend of mine was receiving 6% of the value of his labor after we calculated it.
That’s exactly it. Sure taxes take 40%, but capitalists take 100-1000% of your salary, and last I checked they don’t build roads and schools.
Where I live construction is one of the things that’s heavily unionized. Well, local workers are. Foreign workers not so much
I wish I made 6% of the value of my labor. My power plant has $1M+ days sometimes and there’s only 30 of us running it. I make good money, but not $30k/day good. A couple months ago when we saw sustained deep freeze temperatures for like a week straight, we saw $5M+ days.
We also work crazy hours for those situations. Last week I pulled 72, and the next couple weeks will be 84 hours. But at least they ordered pizza for us.
My company had a year where they earned $500M after tax, which was equivalent to an earning of $3.5M per employee, and I got a bonus of $6000 which was the standard bonus for all employees weighted compared to their annual salary.
That summer we had our yearly summer party in a tent on our parking lot…
You greedy bastard won’t think of the shareholders? I mean they invested their money! What did you do?
Eventually I quit my job and became one of the shareholders at another place.
When they make that much money, why don’t they hire another 30 or 60 people so everyone can have a normal 32h work week? Are the employee benefits really that good that it’s worth it? I hope they are much more than just pizza. Why would you let yourself be exploited by them, on such an insane level that you are willing to work almost triple work weeks? They are stealing your life while having the financial luxury to just hire more. Have you talked to your union? Work to live, don’t live to work mate.
Probably a combo of profiteering and a low number of applicants.
Are those figures revenue or profit?
Sheesh, if that doesn’t radicalize someone idk what does. Granted in your case a lot of that value comes from the constant capital of the plant itself but still, it is likely you make less than 6% yeah. My friends was easy to calculate because constant capital was relatively negligable.
Sorry for my ignorance, but how do you calculate the “value” of one’s labour? Like how would you do this for a school teacher?
Different schools have different pay grades, different subjects, etc.
The owner of the construction company is being paid for the work that their employees do. All of that money, after expenses, does not go to the people who did the actual construction.
If a private school makes 100 million a year in profit and pays you, the only employee 6 million that would be 6 percent of your value. I think.
6% is pretty good 💀
6% is not pretty good, it’s like if i make a cake and i can only eat 6% of it, dammit! i made it, lemme me eat at least half, then i can leave you whatever you want
Consider that many people in a business don’t provide any direct positive labor value, such as a business owner not doing any direct work that makes money
Yep, that’s why i ask for half, the other half will be split between them; I’d actually want a higher number but sadly we are in capitalism
He had a decent job for our area