by ceohockey60 on 9/23/23, 4:54 AM with 40 comments
by Animats on 9/23/23, 5:26 AM
There's a more general problem. Who goes to college to learn how to set up a factory? Where do you go to learn that? That's a difficult skill, and it helps to have done it a few times as a junior before you're in charge. What happens if you don't know how is that you have to let the people who sell you the machinery set up your factory. This works for simple stuff, like a bakery, which you can buy turnkey. More complex stuff, not so much. Worse, much of the knowledge doesn't transfer. If you know how to design a production line for metal furniture, that may not translate well to batteries. One of the things that auto manufacturers have painfully discovered is that a battery plant is partly a chemical plant, which is not something automakers know much about.
Machine design is quite hard, not that many people are good at it, and it pays less than coding webcrap. The US used to have people who were good at this, and most of them were laid off in the 1980s.
by pseudo0 on 9/23/23, 5:22 AM
Just handwaving this aside is ridiculous. Productivity is a function of capital investment in technology. If all the free capital is going into share buybacks, $5 billion in the last year, no wonder productivity is flat.
https://www.levernews.com/automakers-hand-billions-to-shareh...
by Animats on 9/23/23, 5:41 AM
by jjoonathan on 9/23/23, 5:37 AM
by metabagel on 9/23/23, 5:17 AM
https://www.businessinsider.com/uaw-strike-automaker-ceo-pay...
by dangus on 9/23/23, 5:59 AM
If automotive CEOs don’t want their assembly line employees to demand 40% raises, maybe they shouldn’t take 40% raises themselves. Since they have more than enough money to live on in multiple homes and boats they should have no problem making themselves an example of austerity for their employees.
by fzeroracer on 9/23/23, 5:42 AM
I've seen this happen enough in software companies to know it's already a problem. They want 10x engineers but aren't willing to pay even 2x rates and sure as fuck aren't willing to give them good raises to keep them around.
Trying to browbeat labor into being more productive isn't going to work. Unless they really want the return of how unions used to behave a century ago.
by throwawaysleep on 9/23/23, 5:50 AM
Americans sympathize with people who complain that a Mexican took their job rather than telling them that if someone with 4 years of education can do what they do with 12 for 1/8th the pay, they are utterly pathetic.
by delecti on 9/23/23, 5:13 AM
by sharts on 9/23/23, 1:24 PM
by 000ooo000 on 9/23/23, 5:22 AM
This must be why CEO pay, relative to worker pay, has increased so much over the last few decades!
/s