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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Raymond Duray who wrote (4493)8/29/2001 12:25:45 PM
From: Lee Lichterman III  Read Replies (1) of 33421
 
I have had this discussion before on other threads so I would rather not open a can of worms but I will try to be brief. I am all for a decent day's salary for a job done. However I think our wage system rewards the wrong skills.

Teachers don't make squat yet are responsible for our youth's futures. Doctors come out of 10 years of intensive training burdened with huge school bills then have to pay 1/3 of their wages to insurance companies to guard them against litigation since the new way of making it big in the US is to find someone to sue.

At the same time, due to unions which originally had a good and valid purpose have gone so far as to get unskilled labor doing work a trained monkey could perform wages of 40 bucks an hour for menial mindless tasks. This is nuts and I don't know why anyone is surprised our factories are moving overseas. I wouldn't invest in any company that continued to pay this nonsense to unskilled labor.

As an aircraft mechanic, I regularly had to wire 200 wire connectors to specifications much more complex than 3 wire house wiring yet an electrician makes 3 times what an aircraft mechanic does. Why? Union representation. Is the answer to move wages up for the mechanic? Not unless you want inflation. The answer is to get wages back to reality based on a scale of skill and education. Sports is another ridiculous imbalance. The team owners dont make money at this which is teh pro high wage sports people's arguement and if so, then let the players buy own their own teams.

I just think we have our priorities all screwed up. BWDIK

Good Luck,

Lee
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