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UK: bus engineer pay drops 10% adjusted for inflation over 5 years, while company profit £4.3m last year
(www.unitetheunion.org)
this post was submitted on 04 Nov 2023
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Their profit was only 4.3m? That's really not that much though
Ugh it says 150 bus engineers... That's 28,666 pounds each if they were to split the profit and they're asking to make up the 3,000 a year pay increase to match inflation.
Drivers, admin staff etc....there's more to it than just drivers
I rather fucking doubt much of the admin staff didn't give themselves pay raises. But there's a pretty big chunk of profit for people to have wages increased.
How much profit should a private business be allowed to earn then? If you ran this business what would be acceptable to you?
If I ran this business I wouldn't accept pay higher than the lowest paid and all profit is theft from the working class. Only if the laborers desire for there to be profits should there be profits.
That's mighty admirable of you.
Did this article state what they were going to do with their profits? Were they going to line the pockets of the higher ups? Or maybe save it for a rainy day?
That's not how profits work, the salary of employees (even executives) are taken before.
It's also not admirable to want people to simply be paid what they were being paid and not getting pay cuts. If an employer doesn't adjust your wage/salary for inflation you are being paid less.
Also, companies don't save profits for a "rainy day" they use it to purchase other companies and expand wealth for investors.
I'm curious to know what company you can buy related to a bus transportation service for 4.3m? In some parts of the USA, a 3 bedroom single family house can go or that.
I honestly have no idea what you're going on about.
Of course. Have a good day
Profit not revenue
I know. 4.3m isn't much these days. They gotta make some profit don't they?
For running a public service?
How else are they supposed to have money to improve the system and do repairs? 4.3m is chump change these days.
…taxes? Like every other public service?
Isn't this a private company providing a public service? How are they supposed to run a business without making any money? Again, 4.3m is nothing these days.