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So, There's This Kid...

 
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Old 10-16-2018, 09:29 AM   #81
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Re: So, There's This Kid...


Alright...alright...alright....I just paid $600 for motorcycle tires..but that included mounting and balancing. However, I did just buy a motorcycle wheel/tire balancing stand (used), just have to get it wired up.

However, getting back to keeping a "suck" factory job vs a construction job with less money and benefits...I think the kid made the right decision. The guy is 23, he has obligations: family, truck, house and whatever else he and his wife have committed to financially. Sure, after a couple of years it might pan our for him, but from what I have read so far, he needs stability, not a shot in the dark.

Some people are just going to work "3rd shift" their entire lives, hopefully not him. My dad was like that, never got much beyond a few rungs above entry level. Luckily he was in a union, and, they took care of him. The kid needs to figure out how he can get off of third shift and into a better shift and up the ladder to a better paying gig at the factory.
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Old 10-16-2018, 11:41 AM   #82
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Re: So, There's This Kid...


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Originally Posted by MarkJames View Post
That's it?
Yeah. Even when i offered to match his pay. Told him the offer was good if he ever changed his mind.
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Old 10-16-2018, 11:45 AM   #83
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Re: So, There's This Kid...


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Yeah. Even when i offered to match his pay. Told him the offer was good if he ever changed his mind.
He probably just did you a favor.
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Old 10-16-2018, 12:31 PM   #84
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Re: So, There's This Kid...


More than likely
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Old 10-16-2018, 02:11 PM   #85
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Re: So, There's This Kid...


What struck me A&E, is your businesses failure to be earning more $ after 4 years...

At just 3 % real inflation, all your #s need to go up 12.6% after four years...just to keep even

You're 4 years more experienced, and hopefully quicker start to finish on projects that are similar to previous tasks.

The Factory most likely pays the night shift a differential pay for working nights, many places the 3 rd shift is just 7.5 or 7.0 hours, giving full pay for partial time, a shift bump of ~7% or 14%. if the line stops for "lunch"/Dinner....

Generally the 3rd shift ANYWHERE has less chicken **** management action, they are all sleeping..... It aint all bad.

I'd seek advice on fine tuning your operations to increase your income/cash flow, So you can be charitable, if you chose to be so.
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Old 10-16-2018, 02:21 PM   #86
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Re: So, There's This Kid...


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What struck me A&E, is your businesses failure to be earning more $ after 4 years...

At just 3 % real inflation, all your #s need to go up 12.6% after four years...just to keep even

You're 4 years more experienced, and hopefully quicker start to finish on projects that are similar to previous tasks.

The Factory most likely pays the night shift a differential pay for working nights, many places the 3 rd shift is just 7.5 or 7.0 hours, giving full pay for partial time, a shift bump of ~7% or 14%. if the line stops for "lunch"/Dinner....

Generally the 3rd shift ANYWHERE has less chicken **** management action, they are all sleeping..... It aint all bad.

I'd seek advice on fine tuning your operations to increase your income/cash flow, So you can be charitable, if you chose to be so.
I make far more than i did 4 years ago
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Old 10-16-2018, 02:23 PM   #87
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Re: So, There's This Kid...


I'd say 30 - 35% more
Edit: this aint no charity either. Like Mark said....He most likely did me a favor.

I am not gonna overpay a grunt just to be nice.

Last edited by A&E Exteriors; 10-16-2018 at 02:32 PM.
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Old 10-16-2018, 03:28 PM   #88
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Re: So, There's This Kid...


A&E, " I can't (or won't?) pay for health insurance or 401 K plan..." in OP ?

Is it even legal to have a full time employee with OUT health insurance under O-care? Under 50 workers, Yes. Does his wife's plan allow him to work with out him buying added coverage?

As married persons with double coverage, they should never see any co-pays or deductibles... his quiting could easily add thousands of dollars in medical bills now paid by the dual factory coverage....

Profits or wages up or both together?

Good job re the income growth. 7% APR, doubles your income every ~7.2 years more or less.


Down the road, what would you pay a grunt or an Uber helper? Shouldn't the biz have a little chart of what you need in a new/old worker and what would make nice "upgrades" in skills and behavior(that agency thingy)

Maybe the kid could work(Part-Time) a couple of 4 hour shifts when you are behind? He sounds trust worthy and can work self directed?

To get your income stream large enough to hire a 20-30 $ hour employee full time?
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Last edited by Fouthgeneration; 10-16-2018 at 03:40 PM.
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Old 10-16-2018, 03:43 PM   #89
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Re: So, There's This Kid...


Quote:
Originally Posted by Fouthgeneration View Post
A&E, " I can't (or won't?) pay for health insurance or 401 K plan..." in OP ?

Is it even legal to have a full time employee with OUT health insurance under O-care? Under 50 workers, Yes. Does his wife's plan allow him to work with out him buying added coverage?

As married persons with double coverage, they should never see any co-pays or deductibles... his quiting could easily add thousands of dollars in medical bills now paid by the dual factory coverage....

Profits or wages up or both together?

Good job re the income growth. 7% APR, doubles your income every ~7.2 years more or less.


Down the road, what would you pay a grunt or an Uber helper? Shouldn't the biz have a little chart of what you need in a new/old worker and what would make nice "upgrades" in skills and behavior(that agency thingy)

Maybe the kid could work(Part-Time) a couple of 4 hour shifts when you are behind? He sounds trust worthy and can work self directed?

To get your income stream large enough to hire a 20-30 $ hour employee full time?
By your math, if incomes should double every 7.2 years, then minimum wage should be $123.20. That is based on it being $3.35 35 years ago. Despite your flawed math, I know exactly what you are trying to say. I said a couple years ago, my goal is to raise my prices 10% every year, until I eventually price myself out of business. That is my current retirement strategy, and after 2 years, it seems to be working.
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Old 10-16-2018, 03:55 PM   #90
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Re: So, There's This Kid...


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Not surprised. This would be the dumbest time to take a construction gig in Michigan. Might as well wait until spring.
Really? You think so?

It's like musical chairs around here.

I have a PM friend was just offered a 30K bump +300/mo truck/gas allowance to go build bangers down by metro airport.
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Old 10-16-2018, 04:13 PM   #91
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Re: So, There's This Kid...


$20 an hour in A&E's and my market buys a decent grunt somebody needs to manage.

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Old 10-16-2018, 05:38 PM   #92
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Re: So, There's This Kid...


Fourthgen,

I am a believer in earning your due.

I offered him what i knew i could sustain even without him being factored into any of my scheduled work.

I dont really think 2 months at an introductory rate to have to start over from scratch with the kid and buy him new tools, (See, I am a nice and giving guy), and completely retrain him, with a buck and a half raise after 2 months was a bad deal at all.

Especially seems how i offered to match his current pay.

I disnt ask for particular reasons why he came to his decision. I do know i had his best interest in mind from the moment he called me initially, and thats what really matters in my book.

I would mainly guess he didnt want to do the scheduled travelling. I have jobs spread all over Michigan to do yet this year. I'm at a hotel now about to find something to eat...lol.
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Old 10-16-2018, 07:08 PM   #93
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Re: So, There's This Kid...


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Really? You think so?

It's like musical chairs around here.

I have a PM friend was just offered a 30K bump +300/mo truck/gas allowance to go build bangers down by metro airport.
Why make a lateral move (money wise) from an inside job providing bennies for an outside job without right when bad weather is about to hit? Plus, in my experience productivity takes a hit in inclement weather so this guy backing out at this time is probably good for Andy too. He doesn’t have to pay another guy while the work is moving slower.
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Old 10-16-2018, 07:14 PM   #94
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Re: So, There's This Kid...


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Why make a lateral move (money wise) from an inside job providing bennies for an outside job without right when bad weather is about to hit? Plus, in my experience productivity takes a hit in inclement weather so this guy backing out at this time is probably good for Andy too. He doesn’t have to pay another guy while the work is moving slower.
Oh. I thought you were talking about the industry in general.
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Old 10-16-2018, 08:51 PM   #95
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Re: So, There's This Kid...


I'm spoiled weather wise living down here in SoCal but I can imagine working outside in Michigan in the winter is a bit tough, shiver thinking about it.
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Old 10-16-2018, 08:59 PM   #96
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Re: So, There's This Kid...


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I'm spoiled weather wise living down here in SoCal but I can imagine working outside in Michigan in the winter is a bit tough, shiver thinking about it.
ya-yup - and old men like me like it even less....
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Old 10-16-2018, 09:19 PM   #97
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Re: So, There's This Kid...


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I'm spoiled weather wise living down here in SoCal but I can imagine working outside in Michigan in the winter is a bit tough, shiver thinking about it.
Just going to your truck in the winter sucks
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Old 10-16-2018, 09:26 PM   #98
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Re: So, There's This Kid...


You get used to it down to the upper teens but it takes all the fun out of work. Below the upper teens and it just sucks.
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Old 10-16-2018, 09:56 PM   #99
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Re: So, There's This Kid...


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You get used to it down to the upper teens but it takes all the fun out of work. Below the upper teens and it just sucks.
Sounds absolutely brutal..........
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Old 10-16-2018, 10:09 PM   #100
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Re: So, There's This Kid...


I'd rather sell insurance than work miserably cold!


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