I can’t speak for aus at all. But in Us the main driver in increase to food prices is increased labor costs post Covid. Whether it’s...
I can’t speak for aus at all. But in Us the main driver in increase to food prices is increased labor costs post Covid. Whether it’s the grocery store, the slaughterhouse, restaurants, or wholesale food suppliers the regular people are paid significantly more. Like 20-40 percent.
Are you trying to tell us unskilled labour salaries in food industries have increased 20-40% since 2021?
I'm sure the people in those industries would have a few things to say about that.
Edit: and I've made a faulty assumption here in that the totality of the increase in consumer prices is attributable to labour cost increases.
Not to make Aus affordability completely take over, but living in Melbourne seemed to be cheaper than living than living or buying a home than any...
Not to make Aus affordability completely take over, but living in Melbourne seemed to be cheaper than living than living or buying a home than any major city in Canada. Minimum wage also seems to be $26+ for full time or $35 an hour for causal which is $10+ more than the average min wage in Canada, and almost $20+ an hour than the US federal min wage. Canada also has an higher income tax for lower income brackets. So me working as a mech in Australia, someone likely make 30k more as a base level mechanic and have more usable income than a mech in any province in Canada making 19$ an hour as a starting role.
Food was the same price as Canada in Victoria at least, not sure about elsewhere and again, rent or house pricing in Victoria was at least 10-20% less than western Canada.
I also don't want to bash this subject, but can agree with this being an Australian that did a few years living in Vancouver working as a mech. Starting wage was a lot lower then any starting wage at a shop here in Melbourne, rent was more expensive and everything else in between. Hats off to anyone doing it in Canada, the riding is sure the best in the world in the sea to sky, no doubt about that, but life in generally hard to afford working in the bike industry there.
There ya' have it. This is corporate speak for "we fired Mike". I can only assume they read this forum and saw the scathing replies to the Marucci deal.
Are you trying to tell us unskilled labour salaries in food industries have increased 20-40% since 2021?I'm sure the people in those industries would have a...
Are you trying to tell us unskilled labour salaries in food industries have increased 20-40% since 2021?
I'm sure the people in those industries would have a few things to say about that.
Edit: and I've made a faulty assumption here in that the totality of the increase in consumer prices is attributable to labour cost increases.
BC minimum wage in June 2019 was $13.85. It is now $18.25. 31% raise.
Add in the worker shortage in 2021 and actual wages skyrocketed. We couldn’t hire labourers in construction because restaurants were paying people $25/hr plus meals to wash dishes.
There ya' have it. This is corporate speak for "we fired Mike". I can only assume they read this forum and saw the scathing replies to the Marucci deal.
Turns out loosing $400 million does have consequences.
Wonder what's next for Fox, surely they'll have to restructure some of their debt, but good luck doing that in the current bondpocalypse environment.
Are you trying to tell us unskilled labour salaries in food industries have increased 20-40% since 2021?I'm sure the people in those industries would have a...
Are you trying to tell us unskilled labour salaries in food industries have increased 20-40% since 2021?
I'm sure the people in those industries would have a few things to say about that.
Edit: and I've made a faulty assumption here in that the totality of the increase in consumer prices is attributable to labour cost increases.
BC minimum wage in June 2019 was $13.85. It is now $18.25. 31% raise. Add in the worker shortage in 2021 and actual wages skyrocketed. We couldn’t...
BC minimum wage in June 2019 was $13.85. It is now $18.25. 31% raise.
Add in the worker shortage in 2021 and actual wages skyrocketed. We couldn’t hire labourers in construction because restaurants were paying people $25/hr plus meals to wash dishes.
For context minimum wage here in QLD Aus is $26.44
Are you trying to tell us unskilled labour salaries in food industries have increased 20-40% since 2021?I'm sure the people in those industries would have a...
Are you trying to tell us unskilled labour salaries in food industries have increased 20-40% since 2021?
I'm sure the people in those industries would have a few things to say about that.
Edit: and I've made a faulty assumption here in that the totality of the increase in consumer prices is attributable to labour cost increases.
BC minimum wage in June 2019 was $13.85. It is now $18.25. 31% raise. Add in the worker shortage in 2021 and actual wages skyrocketed. We couldn’t...
BC minimum wage in June 2019 was $13.85. It is now $18.25. 31% raise.
Add in the worker shortage in 2021 and actual wages skyrocketed. We couldn’t hire labourers in construction because restaurants were paying people $25/hr plus meals to wash dishes.
There ya' have it. This is corporate speak for "we fired Mike". I can only assume they read this forum and saw the scathing replies to the Marucci deal.
Turns out loosing $400 million does have consequences.Wonder what's next for Fox, surely they'll have to restructure some of their debt, but good luck doing that...
Turns out loosing $400 million does have consequences.
Wonder what's next for Fox, surely they'll have to restructure some of their debt, but good luck doing that in the current bondpocalypse environment.
Nah. He'll be getting a big severance check and in about 18 months time he'll be hired by another big company and the press release will praise the great work he did at previous companies like Fox. Zero consequences for him, potentially catastrophic for the regular employees. Big money CEOs are the parasite class.
I'll just leave this here as my best guess as to Mike's total comp while he had the reigns of FOXF. It totals to about $45M not including severence. I'm making some big assumptions around how I "counted" the stock based comp from a $ perspective - using the fair value when granted method (SEC's preferred method)
EDIT: did more digging into form 4s and whatnot; looks like his realized comp was closer to $20-22M, all in. Had he sold his stock when he got it, it'd be closer to that original $45M - but he didn't. He saw like $12.8M in salary+bonus, $5.5M in proceeds from stock sales and holds another $3M. Hardly chump change, and again we don't know severance but this is the part of leading a company lower - your comp also goes lower.
I'll just leave this here as my best guess as to Mike's total comp while he had the reigns of FOXF. It totals to about $45M...
I'll just leave this here as my best guess as to Mike's total comp while he had the reigns of FOXF. It totals to about $45M not including severence. I'm making some big assumptions around how I "counted" the stock based comp from a $ perspective - using the fair value when granted method (SEC's preferred method)
EDIT: did more digging into form 4s and whatnot; looks like his realized comp was closer to $20-22M, all in. Had he sold his stock when he got it, it'd be closer to that original $45M - but he didn't. He saw like $12.8M in salary+bonus, $5.5M in proceeds from stock sales and holds another $3M. Hardly chump change, and again we don't know severance but this is the part of leading a company lower - your comp also goes lower.
I'm certainly not an anarchist, but it's hard to not advocate eating the rich when this guy's makes $20M when overall he lost his company $400M
I'll just leave this here as my best guess as to Mike's total comp while he had the reigns of FOXF. It totals to about $45M...
I'll just leave this here as my best guess as to Mike's total comp while he had the reigns of FOXF. It totals to about $45M not including severence. I'm making some big assumptions around how I "counted" the stock based comp from a $ perspective - using the fair value when granted method (SEC's preferred method)
EDIT: did more digging into form 4s and whatnot; looks like his realized comp was closer to $20-22M, all in. Had he sold his stock when he got it, it'd be closer to that original $45M - but he didn't. He saw like $12.8M in salary+bonus, $5.5M in proceeds from stock sales and holds another $3M. Hardly chump change, and again we don't know severance but this is the part of leading a company lower - your comp also goes lower.
I wonder what severance was given to all the employees whose jobs he lost
Are you trying to tell us unskilled labour salaries in food industries have increased 20-40% since 2021?
I'm sure the people in those industries would have a few things to say about that.
Edit: and I've made a faulty assumption here in that the totality of the increase in consumer prices is attributable to labour cost increases.
I also don't want to bash this subject, but can agree with this being an Australian that did a few years living in Vancouver working as a mech. Starting wage was a lot lower then any starting wage at a shop here in Melbourne, rent was more expensive and everything else in between. Hats off to anyone doing it in Canada, the riding is sure the best in the world in the sea to sky, no doubt about that, but life in generally hard to afford working in the bike industry there.
https://finance.yahoo.com/markets/stocks/articles/fox-factory-announces-ceo-transition-121500862.html
There ya' have it. This is corporate speak for "we fired Mike". I can only assume they read this forum and saw the scathing replies to the Marucci deal.
BC minimum wage in June 2019 was $13.85. It is now $18.25. 31% raise.
Add in the worker shortage in 2021 and actual wages skyrocketed. We couldn’t hire labourers in construction because restaurants were paying people $25/hr plus meals to wash dishes.
Turns out loosing $400 million does have consequences.
Wonder what's next for Fox, surely they'll have to restructure some of their debt, but good luck doing that in the current bondpocalypse environment.
For context minimum wage here in QLD Aus is $26.44
The exchange rate calculator is telling me that $18.25 in CAD equals $17.95 in AUD, so $26.44 in QLD is A LOT more than the minimum wage in BC.
Nah. He'll be getting a big severance check and in about 18 months time he'll be hired by another big company and the press release will praise the great work he did at previous companies like Fox. Zero consequences for him, potentially catastrophic for the regular employees. Big money CEOs are the parasite class.
I'll just leave this here as my best guess as to Mike's total comp while he had the reigns of FOXF. It totals to about $45M not including severence. I'm making some big assumptions around how I "counted" the stock based comp from a $ perspective - using the fair value when granted method (SEC's preferred method)
EDIT: did more digging into form 4s and whatnot; looks like his realized comp was closer to $20-22M, all in. Had he sold his stock when he got it, it'd be closer to that original $45M - but he didn't. He saw like $12.8M in salary+bonus, $5.5M in proceeds from stock sales and holds another $3M. Hardly chump change, and again we don't know severance but this is the part of leading a company lower - your comp also goes lower.
I'm certainly not an anarchist, but it's hard to not advocate eating the rich when this guy's makes $20M when overall he lost his company $400M
I wonder what severance was given to all the employees whose jobs he lost
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