Boeing faces strike of about 32,000 workers
10-04-2024, 03:39 AM
#161
Line Holder
Joined APC: Feb 2024
Posts: 68
Average annual earning for a west coast dock worker (they got a new contract a year or two ago) is $233k according to the WSJ article this morning. With this new contract I think the East coast workers will leap frog them. From what I understand it’s not unusual for some crane operators who work a lot of overtime to clear $400k.
10-04-2024, 04:59 AM
#162
Clear ECAM
Joined APC: Oct 2014
Posts: 949
Average annual earning for a west coast dock worker (they got a new contract a year or two ago) is $233k according to the WSJ article this morning. With this new contract I think the East coast workers will leap frog them. From what I understand it’s not unusual for some crane operators who work a lot of overtime to clear $400k.
A 2019-2020 report by the Waterfront Commission of New York Harbor said about a third of longshoremen based there made at least $200,000 a year, and more than half earned over $150,000.
Though not the norm, 59 dockworkers brought in more than $400,000 that year, according to the report.
Though not the norm, 59 dockworkers brought in more than $400,000 that year, according to the report.
Looks like the workers at the big ports make mid-$100s on average. More than I thought but the same article said that starting pay is around $20/hr. I don’t think the folks in Savannah, GA or Norfolk, VA are pulling in that coin regularly.
Regardless, glad they were able to work out a deal.
10-04-2024, 05:12 AM
#163
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 40,249
Average annual earning for a west coast dock worker (they got a new contract a year or two ago) is $233k according to the WSJ article this morning. With this new contract I think the East coast workers will leap frog them. From what I understand it’s not unusual for some crane operators who work a lot of overtime to clear $400k.
The only way to get into the lonshoreman's union was either legacy or lottery. Lottery odds were pretty slim, but my buddy threw his name in and lucked out... quit the real job and basically lives the legacy airline lifestyle moving shipping containers around. In addition to the money, lots of schedule flexibility
10-16-2024, 01:31 AM
#167
Gets Weekends Off
Joined APC: Jan 2006
Posts: 1,603
Boeing is issuing $10B in stock to raise cash.
10-16-2024, 08:04 AM
#168
Gets Weekends Off
Joined APC: Oct 2023
Posts: 184
Except that extra cash absolutely could have been used to clean up their production processes, pay their engineers and machinists appropriately, design and build new airplanes, upgrade production facilities, etc, etc, etc. This is the problem with our current corporate model: it's all about short term gain and quarterly earnings, damn the long term viability and success of the company. There are apparently not enough incentives for shareholders to think long term. Not sure how we fix that, but we need to.
10-16-2024, 09:08 AM
#169
Gets Weekends Off
Joined APC: Sep 2016
Posts: 6,805
nevermind the absolute comedy of thinking it’s smart business to be buying shares when times are good (at high prices) and selling them when times are bad (at low prices).
10-16-2024, 09:24 AM
#170
Gets Weekends Off
Joined APC: Mar 2017
Posts: 3,787
Except that extra cash absolutely could have been used to clean up their production processes, pay their engineers and machinists appropriately, design and build new airplanes, upgrade production facilities, etc, etc, etc. This is the problem with our current corporate model: it's all about short term gain and quarterly earnings, damn the long term viability and success of the company. There are apparently not enough incentives for shareholders to think long term. Not sure how we fix that, but we need to.
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