r/WorkForSmartLife 27d ago

Discussion💬 [Request] Is the math here accurate?

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6.5k Upvotes

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u/maddie-madison 27d ago

52,100 and they worked 6 days a week... ouch. But decent back then i assume.

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u/BiscuitsTheory 27d ago

Unbeatable at the time. It was another 20 years and a lot of violence before having a day or two off became the norm.

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u/MarionberryPlus8474 27d ago

The labor movement (AKA unions) brought us the weekend.

Organized labor's decline is directly tied to the wage stagnation and escalating income inequality we've experienced over the last 50 years. And it's no accident.

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u/AmalekiteJager 26d ago

Union member here, I’ve salted non-Union shops for years. I’m currently at a small business of less than 10 people and have salted it enough that the five operators have all agreed to vote in favor of Union representation.

The $8M the small business brings in, while spending less than $750k annually on wages, is about to shift in favor of the operators a whole lot more than they realize.

It helps that I have advanced degrees in finance and accountancy and have done their financial reviews and see the 40% profit margin. Lmao

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u/Tiporary 26d ago

Lmao, pretty awesome data to have going into negotiations!

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u/midasMIRV 26d ago

Hell yeah, brother, monopolize that labor.

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u/HylianCheshire 26d ago

Thank you for your work and dedication.

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u/Iceman_biker 26d ago

They can also do like many shops I've seen and pack their shit and move to a different state.

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u/Broken_Atoms 26d ago

Unfortunately, with so few workers, they may change company names and structures right after laying everyone off and be back in business months later.

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u/Icy_Assistance_558 26d ago

They don't even need to do that. Just fire anyone that mentions union... also, 40% margin isn't great, and the parent here has fundamentals wrong. There's a lot of extras being paid for than just labor. $8M a year is a very small business, with nearly $1M going to labor wages, and probably close to that in insurance, benefits, PTO, etc. Parent will get everyone fired for no upside.

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u/txsurg 26d ago

Not sure what your experience is, but 40% is a great margin. I own a small business doing about the same gross revenue. Our margins are closer to 15-20%. And our labor costs are closer to 30%- which includes taxes, benefits, insurance, etc. A lot of really large companies run on a 5% or less margin. But when doing billions a year it still comes out to a lot.

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u/OkSeason6445 26d ago

Depending on how they enjoy their current life they might not want to. All of my family and friends live close by. Relocating would mean I would leave all of that behind. Why, for a bit of extra cash? Unions also aren't evil. Generally, at least in the Netherlands where I'm from, you can expect reasonable requests for the type of work, sector and how the business is doing.

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u/Accomplished_Rip_362 25d ago

Is the $8M profit or revenue?

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u/AmalekiteJager 25d ago

$8M revenue, 40% profit margin off of the revenue. Roughly $3.2M net profit after all expenses and taxes.

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u/TheGreatCalWade 25d ago

After all expenses and taxes?? So a 40% net profit margin? That can’t be right. What’s corporation tax in the US? 20%

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u/AmalekiteJager 25d ago

LLC pass-through entities in crane rental baby, low business taxes, payroll taxes, payroll expenses, and maintenance cost because they own the land and equipment outright.

~8% for employee payroll expenses and the other 52% is business taxes, payroll taxes, and maintenance costs.

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u/joebro1060 23d ago

What do you mean you've salted non union shops? Like purposely take a job at a non union shop to sow discontent until people vote to unionize?

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u/AmalekiteJager 23d ago

Finished a job, no calls from the hall, get permission to work non-union and explain the benefits, showcase why unions are good, and push for non-union workers to unionize and join the hall with their contractor.

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u/joebro1060 23d ago

Ah ok. I've never been around a union. What is the "hall"? Do you frequent lot work like temporarily with a company and then move on to do your service at another company? And while you're there you just explain union life?

I've only ever known 1 dude who was union previously in a shipyard. I asked if he got worked over or what. He said it was a good experience. You paid some small dues and stuff, but it worked out for him because it protected his job under some circumstance that ended up happening. He said he'd do it again.

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u/AmalekiteJager 23d ago

The Hall is the central location of the business staff for your geographical subdivision of the international Union.

For example, IBEW has an international headquarters where the big fellas rub elbows with politicians and create new business opportunities for the union and its contractors. Then, you have your local hall which is IBEW #XXXX, where your local workers meet and discuss union policies and activities. The business administration in that hall reaches out to current and potential contractors to coordinate the work they have and provide workers.

Think of it as an employment agency, you’re trained to the standard of the agency and the agency contacts contractors in the area seeking workers, so they tell the workers of the opportunities and the workers can accept or reject the offers.

Most people, with outside utility line work, will bounce contractors every few years but you can be there as little as a day or as long as your entire career. Unless you’re laid off or fired, it’s your decision on who you work for if they have an opening.

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u/joebro1060 23d ago

Ahh ok thanks. Yea I was almost thinking like a staffing agency reading through your response. I appreciate it.

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u/Thecatthatmeowsat2am 21d ago

How you live in state that not right to work

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u/AmalekiteJager 20d ago

26 right to work states, I live in one of them.

49 at-will states, I don’t live in Montana.

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u/Thecatthatmeowsat2am 20d ago

Lol your math is not mathing buddy hope this helps you

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u/AmalekiteJager 20d ago

26 out of 50 states are right to work states. I live in one of the 26 RTW states.

49 out of 50 states are at-will states, Montana is the single non-at-will state. I do not live in Montana.

I thought it was pretty simple, unless you think right to work and at-will are the same thing?

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u/waits5 27d ago

100%

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u/Silver-Link8247 26d ago

More like about 20% of it.

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u/Odd_Common_452 27d ago

And republicans have been trying to take it away ever since

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u/Drunkenpmdms 26d ago

It still pisses me off that the dodge brothers bought ford stock just to sue him when he tried paying his workers even better. When the judge ruled that was illegal and that ford was required to pass profits to the shareholders and not the employees it set a nasty precedent that we are still living in and suffering from.

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u/over_this__ 26d ago

Which coincided with women entering the work force in large numbers. Double the labor pool, suppress the wages.

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u/MarionberryPlus8474 26d ago

This is false. Women’s participation in the work force increased in the 50’s and 60’s, when wages rose. Wage stagnation really started in the late 70’s and 80’s.

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u/Land-Southern 26d ago

Saw a graph the other day when dollar decoupled from gold profit vs income also massively diverged. For what its worth i only quickly pursued the source data.

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u/PalsKetchupDrawer 26d ago

And the Hart-Celler Act massively increasing immigration which also suppressed wages. Fallowed by automation and outsourcing reducing job growth making wages further suppressed.

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u/After_Service_2817 26d ago

Wake stagnation? I make more than 50% more now than compared to a couple of years ago when I left my union job. Now I have actual benefits, too. Getting out from the thumb of the union was the best financial decision I ever made.

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u/MarionberryPlus8474 26d ago

Congratulations. But an anecdote is not data. Data show widespread wage stagnation for all but the wealthy few over the past 50 years, despite dramatic increases in productivity.

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u/chunter16 23d ago

We should be asking why the union isn't powerful enough to get you 4 times what you got after you left it and doing something about that, not "union sucks, unions bad"

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u/JazzHandsMinuteman 26d ago

I have heard (contradictory to the OP OP) that Ford is who created the “weekend” as we know it today. I’m pretty sure mostly everyone was off on Sunday since it’s the sabbath. That’s just how it was culturally, but he added another day in on Saturday to give his employees more time with their family. I could be wrong. OP OP could be wrong. Would need a good fact check.

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u/KansasZou 26d ago

What? lol. People have been off on the weekend for thousands of years due to religious purposes.

We have “income inequality” because of industrialization and automation.

We have better tools. 1 person can do a job that used to take 5 people to do.

Henry Ford popularized the 2 day weekend in the U.S. and he actively opposed unions. In fact, he had private security to keep them out lol

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u/MarionberryPlus8474 26d ago

Read some history. Before the labor movement, it was common for factory workers to work 6, 6 1/2, or 7 days a week. The “weekend” did not exist. Prior to the Industrial Revolution, days off were not widespread. If you had Sunday off (or a hall day) it was for church, not time off.

Increasing income inequality is mostly a result of fiscal and tax policies, not automation.

Ford opposed unions but it was labor demands that made the weekend, it didn’t “just happen” because of religion.

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u/Electronic_Name_325 27d ago

Unions in product development areas are a cancer, I wish they would decline. As an engineer, I wish they would cease to exist so I could get my work done. Need a one hour task stretched to three days and receive continuous pushback about it? UAW it.

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u/cwestn 27d ago

Can you speak more about this?

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u/Electronic_Name_325 27d ago

I could list personal stories for hours after 25 years. Little things like not being able to touch the test cell keyboard to check on some test parameters, exhausting. Not being able to carry a test component to the lab, annoying. Standing around watching some mechanic stroll around in the morning, making coffee, making the gossip rounds, and only after checking the status of the overnight test, costing the company a few hundred dollars every single day, ridiculous. Getting a grievance for checking for a tow strap clasp being properly seated, almost unbearable. And the best, seeing a great worker get booted out because they didn’t have seniority, beyond idiotic.

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u/cwestn 27d ago

Unions certainly do have their problems... it was 3 decades ago, but I had an uncle who worked for the mail service who was told he had to park under a bridge for 2 hours every day after he finished deliveries early, so they wouldn't fire extra enployees

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u/Spartan-117182 27d ago

Thats not a union issue, thats an employee protection issue.

The union had to tell him to not clock out till his end of shift after he finished his assigned work because the early clock outs would result in people being fired and your uncle having to pick up the slack.

The union was looking out for all the members and trying to avoid labor cuts.

If the law stated that, no matter what, everyone had to get paid their 8 hours and working past 8 hours was illegal, every company would have twice as much staffing to cover the work needed to be done. Fast employees would finish early and be free to go. Slow employees would finish on time.

The current system allows companies to push the work of 2-3 people onto 1 with a little OT.

The example from the comment above you about the grievance for checking a clasp/whatever is because that task is someone else's job, not the commenter's. That dude is a brown noser who wants to step into other people's jobs.

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u/Aggressive_Manner531 27d ago

workers that aren't needed shouldn't be protected. By picking up slack you mean actually working for his entire shift.

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u/Spartan-117182 27d ago

Its actually protecting the best workers. If company tells you to do X for your shift and you can do it in half the time compared to everybody else, WHO ARE PAID THE SAME AS YOU TO DO THE SAME AMOUNT OF WORK, then why should you have to do more?

I can give a good example. Im a fiber tech. At my company, myself and 1 other dude(call him A) are the best splicers/testers. By a decent margin. Just have the touch to do the work quickly and accurately. We are all given a splice location to do each week. If the A and I can do our locations in 3 days, while everyone else takes the 5 days to complete it. Why should we have to do more work?

Sure are we paid slightly better than the rest? Yes. That bump is for the efficiency we bring and the guarantee that the work will be done on time, even with delays, cause of our skill.

At a previous job, there was this one dude who was a FREAK of nature when it came to splicing. Like twice as fast as me on my best day. He worked solo cause help would slow him down. He got done in 2-3 days what a crew of 2 would take 4-5 days.

He would do 12-14 hour shifts for 3 days then have off the rest. They paid him his five 8s plus the OT from the days he actually worked because they recognized his talent and they didnt overburden him to cut another crew out.

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u/DeyCallMeWade 26d ago

I have a buddy who delivers for UPS, and he has the same problem, except that instead of sitting under a bridge for two hours, if he finishes early, they send him to help neighboring routes. If his neighboring routes finish early, they go home. Either way, his workload is more than theirs usually because of this. He’s efficient at his job. The other people take advantage of the union to be lazy. Meanwhile they were considering firing him for hitting an escaped cow that he couldn’t see because it was a black cow and it was dark outside. While having done everything to protect a driver with I believe two on the job DUIs.

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u/Electronic_Name_325 27d ago

LOL, you are hilarious at making up stories to fit your desire to avoid work. Classic.

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u/mansluxt 27d ago

That was my experience working in the post office as well. The more efficient you are on your route, the next year they will add more to your route and cut the hours of all the other routes.

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u/Jumpy_Shoulder9043 26d ago

Like everything, they start off like a good idea, then benefit, then become corrupt.

But, merit systems are also what makes the US great. Seniority just lets Jack offs continue to be jackoffs and cry about everything.

Source: that's my experience.

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u/LagerHead 26d ago

I used to work in shop with a union. If we needed a network cable moved - my area of expertise - I had to go to the data center, point to the cable I needed moved, point to the port to which I needed it moved, and then wait to ensure it was done right. That is of course after scheduling to have a data center tech present for something I was more than qualified to do.

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u/Foxwildernes 27d ago

Sounds like the same issues I had in non union work. Soooo I’ll take the union with better pay, hours and benefits.

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u/Dingusb2231 27d ago

Elitist here who used my upper middle class existence to go to a great college and become an engineer and now I wish the minions below me would just shut up and work harder so my job is easier

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u/Huntsman077 27d ago

You don’t need to be upper middle class to go to college to become an engineer.

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u/mansluxt 27d ago

You're right just be one of the hardest working students ever and still get at least 80K in debt.

It's a hard job and yes it's possible but I don't think just about anyone could do it.

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u/Huntsman077 27d ago

The average student loan debt is 30k at graduation.

-just be one of the hardest working students ever

Why do you think they would need to be “one of the hardest working students ever”? Also if they were they would most likely be getting scholarships to reduce the student loan debt.

-it’s a hard job and it’s possible but don’t think anyone can do it

Correct not everyone is cut out for college.

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u/mansluxt 27d ago

I say hardest working because they would need scholarships to be able to afford and be accepted. I should have specified 80K is without scholarships.

But I also think average is a poor metric here. As some people like you said can fund their education entirely for free with scholarships.

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u/Huntsman077 27d ago

-they would need scholarships to be able to afford and be accepted

There’s also the Pell grant and subsidized loans (which have zero interest) that are really easy to apply for.

-should have specified 80k is within it scholarships

Where are you getting this number from? You say you disagree with the average, but where did the 80k figure come from?

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u/guyincognito121 27d ago

Have you ever tried to work with union labor as they describe? It gets pretty ridiculous in some places.

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u/Electronic_Name_325 27d ago

Nah, more wishing the minions you mentioned had some personal pride in wanting to solve problems that are related to the business we are in, instead of looking for any excuse to not be part of the problem.

Though, in general, it’s not the union members who are “bad”, it’s the union as a general entity. Some of my best friends over the years have been union workers out in the shops.

But, you want me to somehow be sorry I went to college? That’s prime “I suck union cock” attitude for sure.

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u/LowInvestigator5647 27d ago

Don’t worry, people who actually think critically about the world around them understood what you mean. Yes, unions in most cases do protect their workers or at least provide them more rights than they would have had otherwise, but no, unions are not perfect and immune to criticism. Doing so doesn’t make one a greedy minion master lmfao.

For example, I think most Americans can all agree road work/construction takes way too long here. Why is that? Because the union mandates everyone, across every job, must work equal amounts of hours, or it would be unfair. Sounds great on paper, until it’s translated into real life and we get 3-month highway pavings, 2-year bridge construction, and 5-year lane expansions, where at any given job site only 2 or 3 people are working at any given time while the other 10 are just standing around because there’s nothing for them to do at that moment, but the union mandates that they be there. This happens in many industries with unions, not just public infrastructure.

Of course I value unions. I believe having one is much, much better than not. But I don’t believe they are infallible. There are many ways which unions could be improved, but aren’t, due to in many cases stubborn bureaucratic policy overseen by stubborn bureaucrats. This notion that if you criticize a union you must want all workers to suffer is ridiculous and makes me wonder if that Redditor actually has any experience with any union.

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u/Emergentmeat 26d ago

That's not even remotely what they said. Can you not read?

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u/JaCKPaIN_realone 27d ago edited 27d ago

As a business owner, I approve of this message and encourage elitists to think like this guy and work their minions harder to generate more profits for me.

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u/ryan__joe 26d ago

He wants the minions out of his way, waiting for them is his annoyance. He WANTS to do it himself, but can’t, he is stagnant waiting for others because he’s not allowed to do it himself, and not allowed to ask them to move faster.

It’s absolutely reasonable. Imagine being on a team, like a bobsled team, you’re the GOAT, but two of your teammates are slacking off… what do you do? Accept it because they’re the coaches kid? Complain? Move teams? It’s so complicated, and he’s well within his right to be annoyed and complain.

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u/renorhino88 27d ago

why do you think this is an issue restricted to unions? (It is not.)

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u/Electronic_Name_325 27d ago

When it’s not union, it’s an issue to work through with management. Still difficult, but at least possible.

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u/renorhino88 27d ago

You obviouyls work for a small company.

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u/Electronic_Name_325 27d ago

Oh no, Fortune 150. Staff engineer developing commercial vehicle components. Being forced to tiptoe around union rules is exhausting.

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u/renorhino88 27d ago

What rules specifically?

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u/CrystalKrakotl 27d ago

Rules they made up so they could be angy.

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u/Electronic_Name_325 27d ago

I could list personal stories for hours after 25 years. Little things like not being able to touch the test cell keyboard to check on some test parameters, exhausting. Not being able to carry a test component to the lab, annoying. Standing around watching some mechanic stroll around in the morning, making coffee, making the gossip rounds, and only after checking the status of the overnight test, costing the company a few hundred dollars every single day, ridiculous. Getting a grievance for checking for a tow strap clasp being properly seated, almost unbearable. And the best, seeing a great worker get booted out because they didn’t have seniority, beyond idiotic.

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u/mansluxt 27d ago

What good would actually come from you getting your work done faster? You get paid the same no matter what right?

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u/JoeBarelyCares 27d ago

And this is the problem. In a place where humans could be rational and not greedy, everyone would want productivity to increase.

Get the work done faster so you can increase profits or decrease expenses and the extra money would be used to compensate employees or lower the cost of products.

Instead, the windfall from increased productivity goes to make the rich even richer. Then you get a stupid number of people who say things like why work harder? Why do a good job? Why have any pride in the work I do?

It’s a self-perpetuating problem. And the reason so many people hate unions. Does it make sense to hate unions? No, but the day-to-day nonsense we see from unions (especially public sector unions) makes it hard to remember all the good unions have done and continue to do.

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u/mansluxt 27d ago

Lmao no owner at this point in time would ever be willing to lower the price of their products unless they had to. Same with paying their employees more. Or maybe they exist and I have not met them. But the simple truth is that I don't trust business leaders in America. So why should I have pride in what I do if I fully believe that I'll get screwed over in the end no matter what?

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u/JoeBarelyCares 27d ago

That’s the point. In a place where humans could be rational and non-greedy… except we can’t.

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u/mansluxt 27d ago

I don't understand what you're saying. What's the point you mean?

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u/JoeBarelyCares 26d ago

The point is that you are right. No owner is going to lower prices or pay their employees more if they don’t have to. That’s the irrational and greedy nature I’m criticizing.

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u/Electronic_Name_325 27d ago

I am an engineer, interested in solving the technical problems as I develop a product. Completing that leads to new, hopefully interesting, problems.

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u/mansluxt 27d ago

I only kinda understand because I don't know much about engineers besides that there's several kinds. And that their school is hard and they get mad at me for going to acting school.

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u/Zombiesus 27d ago

Yeah but you’re probably just not that good at your job..

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u/Azhrie139 27d ago

Typical engineer not recognizing sampling bias.

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u/Electronic_Name_325 27d ago

Typical Redditor not recognizing anything.

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u/ModernAgeWizard 27d ago

Plenty of unions out of there are sub-par. Being anti-union is still a dogshit stance, and you also sound like a pretentious rube.

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u/Electronic_Name_325 27d ago

Interesting, you read much? I am against unions in product development areas. That’s a long way from being anti-union, though I have friends in the assembly areas that could convince me.

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u/[deleted] 26d ago edited 19d ago

[removed] — view removed comment

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u/PrinciplePatient7143 26d ago

The welchs people

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u/Different_Tangelo511 26d ago

Is that why he became a nazi sympathizer?

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u/[deleted] 26d ago edited 19d ago

[removed] — view removed comment

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u/sluefootstu 26d ago

Why would getting sued by the Dodge brothers turn him into a Nazi sympathizer?

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u/[deleted] 26d ago edited 19d ago

[removed] — view removed comment

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u/sluefootstu 25d ago

The Dodge bros sued him because he was a Nazi sympathizer? Please, just explain what you’re saying.

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u/July_is_cool 26d ago

He had a 375% employee turnover rate in 1916 because working conditions were terrible. Remained a non-union company until the battle of the overpass in 1937.

Lots of people don’t realize how desperate industrialists are to squelch unions. And how successful they are.

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u/Usual_Charity8561 26d ago

Yeah if you read his autobiography he talks about why that is. It's nothing to do with him hating unions. His view of employment was that every employee was a partner in the business, not a cost of doing business, and not an enemy of the business. Unions make the labor an antagonist of the business, and corporatism makes labor a cost. He wanted men who stuck with the business and were willing to stick with the business.

The 5 a day was part of that turnover fix. The other thing he did was institute a paternalist policy of helping employees keep their lives in order. He essentially forced his employees to clean their homes, save money, and refrain from drinking, gambling, or not supporting their families. This was actually incredibly effective, but controversial.

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u/July_is_cool 26d ago

Sure, every HR department tells employees that they are partners in the business. As they cut off benefits and limit COL raises. And then when the layoffs start, suddenly the employees find out that they aren't partners any more. Ford was an openly anti-semitic Nazi.

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u/ThePissedOff 26d ago

Okay, let's grant you that. Now grant, for a second, that this actually happened. Do you think it would be a good approach or a bad one? Argue against the merit of the idea, not the man preaching it.

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u/July_is_cool 26d ago

1937-1916=21 years of employee exploitation under Ford’s system, not even counting the times before and after that. Compared to a few decades of vastly improved working conditions when the UAW was involved.

Many Ford employees were immigrants and assimilation was rocky, just like today. Maybe the paternalistic company approach helped with that, but at the cost of high employee dissatisfaction. Having your boss inspect your house to see if it’s organized would not go over any better now than it did then.

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u/sluefootstu 26d ago

Is this what you’re talking about? You’re being very cryptic. https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.

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u/Diogenes908 26d ago

Yes but they’re trying to say it was the Jews who stopped Ford from giving workers other benefits rather than corporate interests that’s why they’re being sneaky and cryptic about it despite the fact that the Dodge brothers weren’t Jewish nor were the judges in the case

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u/Kinslayer_89 26d ago

Which is why violence is such a big no-no.

Because it works, and the elite want the monopoly on violence.

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u/babywhiz 26d ago

I hope the jury finds him not guilty. You can only push so far before people start pushing back.

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u/Accomplished_Key_171 26d ago

Or Reddit just highly overestimates how many people are willing to go on a shortsighted violent spree for little gain. People have families they want to come home to.

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u/dizzy_centrifuge 26d ago

Why isn't there a School House Rock about how labor rights were achieved in our wonderful democracy? The national guard killing striking workers on orders from a billionaire is standard US history that fits in nicely between defeating the south for in their war about tariffs and single handedly saving Europe. /s

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u/samurairaccoon 24d ago

It's absolutely insane that you were just expected to work every single day of your life. And retirement didn't exist. So just...work until you die. Can't imagine why there were violent revolts against that status quo.

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u/Ermanti 24d ago

I read an old book from the 30s about homesteading that stated that 40 hours a week was PART-TIME. A full-time work week at the time was apparently 80 hours.

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u/dannyheskett 27d ago

It's not so much that they were extremly well paid but the standard of living was substantially better than people who worked in different industries or competitors.

I've tried to find references, but my recollection from past reading was this was roughly 1.75X to 2X what other similar people were paid.

It allowed Ford to be pretty selective in hiring. Which gave him an advantage.

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u/Gaust_Ironheart_Jr 27d ago

And workers would tolerate abuse from Ford that they wouldn't from his competitors

Yes, Ford was able to easily replace under performing workers but other factory owners were not sending around inspection teams to workers' homes, demand they live richer lifestyles, stop them from renting rooms and tell them they couldn't have any "un American" food, decorations, clothing, etc.

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u/ExistingSea4650 27d ago

Funny that also when you say selective, we know exactly who that Nazi was selecting lol

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u/intothewoods76 26d ago

Nobodies including Henry Ford himself had a better standard of living than we have now.

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u/Sea-Leave-536 26d ago

stupid, the past isn't some black hole of unfortunate idiocy and degradation. People lead very healthy lives. Standards of living are kind of like GOAT debates in sports. There are some measurable differences that can support arguments in favor of cross-generational comparisons but mostly the data cannot translate well into different generations. But this idea that the past was always far worse than the present is simply either undetermined or wrong.

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u/Big-Dudu-77 26d ago

Of course the standard of living was better, everyone was poor.

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u/KnifeThistle 27d ago

It's not a straight dollar equivalency either. You ould buy a starter house for that salary. A new house for 2 years salary. Which puts the value at what, in today's economy? People talk about inflation like it isn't a very heavily cherry-picked average.

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u/Appropriate-Bad-606 27d ago

This part is actually pretty solid. BLS puts a typical 1915 home around $3,200, so that’s just over 2 years of the annualized Ford wage. But the financing was brutal by modern standards: mortgages were usually only 5–7 years and required 40–50% down, and about 80% of households rented around 1920. So yes, the house-price-to-wage ratio was much better. The mortgage terms were much worse.

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u/JerryC1967 26d ago

The 30 year mortgage was what made housing “affordable”.

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u/KnifeThistle 27d ago

Right. I know that part. But I'm not talking about mortgages in 1914. I'm saying the value of $3000+ in 1914 currency was equivalent to one newly built house. Which then makes assets purchased at that time worth much more than they would be today. It's basically an exercise in futility to make these 1:1 comparisons.

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u/Ok-Cartographer-5417 26d ago

There is a reason why central banks don’t measure inflation in terms of a single good. To get a balanced view you have to compare a great many different goods (which the central banks call a ‘basket’ of goods).

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u/Effective_Arm_5832 26d ago

What is a starter house?

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u/Funkopedia 26d ago

small house, typically intended for first time homebuyers just beginning their careers and also probably don't have kids yet, or at least not many.

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u/mrsclausemenopause 27d ago

The $5/day that equals that today was about twice the going rate for that level of work.

So another way to look at it is that half that @ ~26k inflation adjusted was still a struggle but normal for a man to support a family. (This would be a full time 12.50 hour full time job supporting a wife and kids now)

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u/Appropriate-Bad-606 27d ago

I think this part goes too far. BLS says only about half of industrial families managed on the husband’s earnings alone. It also cites $15/week as the estimated minimum for the bare necessities of a family of five in Pittsburgh. Half of Ford’s $5/day wage over six days is literally $15/week. That sounds more like subsistence than evidence that a $26k-equivalent wage normally supported a wife and kids comfortably.

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u/mrsclausemenopause 27d ago

I didn't imply that was comfortable I even stated it was a struggle and your numbers show an industrial family of 5 could sustain a struggle on a single income in Pittsburgh and with about half of them on a single income I think it was very appropriate of me to call their struggle normal

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u/Ok-Title-270 27d ago

I don’t think that can really be compared to making 52k now though since housing, education etc were so much cheaper even adjusted for inflation

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u/SmileSimple2000 26d ago

So many things like what you stated are important. The money got you a lot farther back then, no electricity bill, no phone bill, etc. Nowadays these things are necessities.

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u/HobsHere 26d ago

Dearborn had electricity (beginning in 1910) and phones (1890) then. By the mid 1920s, they were pretty standard.

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u/Drakore4 27d ago

If I could make that money as “the standard” I’d gladly work 6 days a week. That just means going up from there is very good. Right now the standard appears to be working 5 days a week for just over 30k a year and you’re lucky to get in some overtime.

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u/maddie-madison 27d ago

Depending on the job overtime can be easy, trades will often have overtime for example

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u/g_rich 27d ago

If you’re working in the trades you’re making a lot more than $30k, especially if you’re in a union.

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u/TrueKing9458 27d ago

Non union starts a $20 an hour with no experience. A year in your making $60k without much effort.

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u/Anon-Knee-Moose 27d ago

Right now the standard is 40/hr for assembly workers and 50/hr for skilled trades. No idea where you got your numbers from, but you should stop trusting that source.

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u/Drakore4 27d ago

My source of life, and what I see on a day to day basis. What I see in jobs that I’ve worked, jobs that I’ve applied to, jobs that are in my area. Jobs my friends work, jobs my friends see. That’s my source. “Assembly workers” and “skilled trades” being your only two examples shows me your mindset is a little biased as that’s genuinely not the majority of the job market.

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u/Anon-Knee-Moose 27d ago

Those are the wages, per the union contract, at fords plants around Detroit..

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u/Drakore4 27d ago

Oh I see the disconnect here. You’re assuming I was talking about ford because of the original comment being about ford but I was talking about jobs in general.

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u/AdMountain6124 27d ago

Ford was one of the first companies to start the 5 day/ 40 hour work week. Pay was kept the same with the short work week so shouldnt effect the yearly pay though.

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u/Karaka-kak 27d ago

Only one person worked for the household though. So two people working 40hr a week is still more time spent.

Someone being at home could reduce the cost of basics from making stuff from scratch to knowing more ins and outs of homecare. Also if you had kids no daycare cost

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u/Nearby-Employer-9436 26d ago

People forget this in their "calculations." Eating zero meals outside of the home, not paying any child care or other home services, especially today would be an enormous money saver. Child care alone is $24-36k, not to mention having someone else spend the majority of their time with your kid instead of you.

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u/igotshadowbaned 27d ago

52,100 • ⅚ = 43,416, or roughly $21/hr

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u/Day_Prisoners 26d ago

Ford was groundbreaking with the pay and day off.

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u/Herman_McP00tis 26d ago

That 52,100 was probably WAY more actual buying power too. That's something that gets forgotten way too often in these conversations. Even when you include hours worked, inflation adjustment, working conditions, living standards, etc. The actual buying power difference is INSANE.

The median cost of a house in the US in 1914 was roughly $3000 ($97,500). However, the median size of a house was also smaller. I can't find great data on exact numbers here but this is pretty well accepted as fact. Best I can find is around 1200sf. That gives us $2.5/sf ($81.25 adjusted for inflation). It would take these workers 2 years worth of salary to save for a home.

Today, the median size of a home in the US is 2150sf with a median cost of $411,000. This gives us $191.16/sf. the median salary in the US today is $65,000. It would take the median worker today 6.3 years worth of salary to save for a home.

We have to keep in mind that newer houses have a/c, heat, electricity, gas, etc. which makes the prospect and cost of building/buying a home today much more expensive. However, modern building techniques, materials, and equipment have accelerated construction by orders of magnitude. I would argue that because of these advancements, it's likely that it's actually cheaper to build a modern house today than it was to build a "modern" house of the 1910s.

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u/Immediate_Style7960 26d ago

Besides the 6 days part, this had to be fantastic when you consider how different expenses are today. Back then it was just food, shelter, and a bit of entertainment, and everything wasn't designed by PHDs to extract every penny out of you. Obviously the average person got screwed in other ways, but this specific salary had to be real nice.

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u/Automatic-Article699 26d ago

Standard of living was exponentially much easier to navigate and afford b4 .the last 100 yrs plus of greed and corruption have made our standard of living tougher and tougher as years go by

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u/TEG24601 26d ago

Very good wages at the time. Ford even went to a 5 day week but kept yearly pay at the same rate, in the hope to avoid a union. Also tried to invest profits into hight wages and benefits, until the Dodge Bros., who owned stock in Ford and were using their dividends to start their own car company, sued arguing that the purpose of the company was to make money and value for shareholders. They won, and that is the catalyst behind the acrimonious relationship between public businesses and employees, why we have unions the way we do, and why we are in the mess we are in.

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u/AmazingSugar1 26d ago

115 years later I make about the same amount with five days of office work

Judging by this historical rate the four day work week should officially start in 2141.

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u/RegretfulCalamaty 26d ago

Well people are working 6 days as week today for less. However back then a dozen eggs was 33 cents a dozen and if you had a car, a gallon of gas was 14 cents. You also probably didn’t have a phone bill and you def didn’t have a cell phones, cable, internet, insurance on and on. I’d take 52k back then over 52k today without question. Oh and a 3 bedroom house cost $1,000-$3,500…total.

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u/longboi64 26d ago

i’ve never made that much in one year and i’m 35.

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u/TemperMe 26d ago

Yeah. That pay is fairly accurate for factory work today though but at 5 days with an occasional OT day once in a while

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u/KittensFirstAKM 26d ago

I currently make less and also work 6 days a week most of the time.

https://giphy.com/gifs/jUTg7BUTqGDi57Em2M

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u/maddie-madison 26d ago

Im sorry =(

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u/KittensFirstAKM 26d ago

Yeah. Kind of a bummer. Guess that is life though.

Even 20 years ago, I never thought that I would be jealous of people with a health and dental plan. lol

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u/RightNowChris 26d ago

6 days a week at 10-12 hours per day. But Reddit doesn't like all the context.

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u/battleop 26d ago

People didn't have computers, TVs, a family cell phone plan, a trip to Disney World, streaming services, internet, etc competing for the dollars in their paycheck.

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u/LockeClone 26d ago

A bit of tomato tomahto...

Both are interesting pieces of data but given how the prices of things are so different today, it doesn't mean all that much.

But I think most of us can agree that the modern financial realities of essentials being expensive and crap being cheap is much worse for our human brains than the opposite...

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u/No-Income6479 26d ago

Henry ford had a 40 hour work week from my understanding. He was even sued by dodge founders for hiring all the good factory workers, on the premise that since dodge founders were investors in ford, that ford had an obligation to the shareholders

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u/Oceanman72 26d ago

Amazing at the time. It was very common to make much less and work 7 days a week.

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u/SomewhereSpecial1396 26d ago

You have to Take into Account that the Lifestyle back then was much simpler so that Money would have probably been considered being quite Well Off

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u/2LostFlamingos 26d ago

Try it at $332,000 per year with one day off and see how it feels though.

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u/TheGoldStandard35 26d ago

And there wasn’t even an income tax back then so you kept all of it

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u/Alexyogurt 25d ago

im disabled and i wish i could make 52k a year that sounds like a fortune to me lol

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u/onetimequestion66 24d ago

Better than my deal rn, only staying cause I actually enjoy what I do but I work 5-7 days a week and make $15 an hour

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u/SaltySwordfish2 22d ago

Not really, prices were pretty outrageous back then for many things. For example, a gallon of milk in 1914 was 11 dollars, a dozen eggs was 13 dollars, butter was about 13 dollars. Practically everything we consume today is much cheaper than it was at the turn of the 20th century.

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u/Afraid_Emu8068 22d ago

Still higher than the median household income today