They were paying people upwards of $85 dollars an hour to torque tires as the units came off the line. Of course the wage is based on piece rate which is why its so high but it was crazy money. Its always been an industry that pays well for the line workers but it got crazy high since they needed to ramp up and get units out which took bodies.
I don't know. I know the guy well enough to know he's pretty good at what he does and is a pretty honest guy, so I trust what he said. But it makes no sense to me. Just made me pause.
Wild dynamic in the Big 4 right now. Higher than normal turnover due to hot labor market and less and less people going into accounting have created a pretty dire staffing situation. I could jump to another for a big pay bump but my group is adequately staffed because we’ve got a great culture so I can’t bring myself to pull the trigger.
It is. Now granted they don't always work 40 hours a week and have multiple week shutdowns for maintenance it's still damn good money. They all pretty well clear 6 figures which is very comfortable in that area. Hard work though.
re-evaluate regularly. This situation doesn't seem to be going anywhere fast, but once it does it won't come around again for long while or ever.
i have a buddy who works for a mortgage company and he was telling me how he was reading books during work time. he was bragging about it, but all i was thinking is that doesn't sound great for your job prospects.
6.5% https://www.bea.gov/news/2022/gross-domestic-product-second-estimate-and-corporate-profits-preliminary-first-quarter#:~:text=Current‑dollar GDP increased 6.5,a level of $24.38 trillion. edit: maybe you are looking at real gdp which factors in inflation? that's kind of a misleading number imo
My understanding was the mortgage industry has slowed significantly. A lot of builders just put through 100k price cuts to close out developments.