I honestly think one of the main reason the automotive trade has failed worldwide from the mechanics point of view is because it never become licenced. Having this trade licenced would force the automotive industry to pay us much more.
@@TheTH-camMechanic There is only one legal way to solve a technician shortage and that is to raise wages until these positions start filling.They are making criminal agreements to hold and maintain wages below a market equilibrium.The government controlling a labor market is commie. WHAT SHOULD THE AVERAGE GROSS PROFIT MARGIN ON AUTO SERVICE LABOR BE?YOU CANNOT PUSH OR MAINTAIN MARGINS OUTSIDE OF THIS COMPETITIVE 30-40% RANGE UNLESS THERE IS CRIMINAL COLLUSION.SCUMBAG CAR DEALERS PUSHING 80% MARGINS ON LABOR NOW!"A gross profit margin of 36% is considered good by some, as an NYU study found that this is the average across all industries. However, the definition of a "good" gross profit margin varies widely by industry, and other sources say that the average is closer to 30-35%. For example, the average gross profit margin for farming and agriculture is around 11%, while it's 56% in the semiconductor industry."
@@TheTH-camMechanic The National Automobile Dealers Association is giving them directives to maintain over 72% gross margins on service labor.THAT IS CRIMINAL AND THEY SHOULD BE IN PRISON!
@@TheTH-camMechanic Price fixing is an agreement (written, verbal, or inferred from conduct) among competitors to raise, lower, maintain, or stabilize prices or price levels. Generally, the antitrust laws require that each company establish prices and other competitive terms on its own, without agreeing with a competitor. When purchasers make choices about what products and services to buy, they expect that the price has been determined on the basis of supply and demand, not by an agreement among competitors. When competitors agree to restrict competition, the result is often higher prices. Price fixing also includes agreements among competing purchasers or competing employers about the prices or wages they will pay. Price fixing is a major concern of government antitrust enforcement. Individuals and companies that knowingly enter price-fixing agreements are routinely investigated by the FBI and other federal law enforcement agencies and can be criminally prosecuted. Potential penalties include lengthy terms of imprisonment (up to ten years) and large fines (up to $1 million for individuals, $100 million for companies, or twice the gain or loss from the offense). Where appropriate, the FTC may also bring a civil enforcement action.
I honestly think one of the main reason the automotive trade has failed worldwide from the mechanics point of view is because it never become licenced. Having this trade licenced would force the automotive industry to pay us much more.
I don't think more government involvement is going to help the shortage of mechanics to work on your car. Thanks for watching! Like and subscribe!
@@TheTH-camMechanic There is only one legal way to solve a technician shortage and that is to raise wages until these positions start filling.They are making criminal agreements to hold and maintain wages below a market equilibrium.The government controlling a labor market is commie. WHAT SHOULD THE AVERAGE GROSS PROFIT MARGIN ON AUTO SERVICE LABOR BE?YOU CANNOT PUSH OR MAINTAIN MARGINS OUTSIDE OF THIS COMPETITIVE 30-40% RANGE UNLESS THERE IS CRIMINAL COLLUSION.SCUMBAG CAR DEALERS PUSHING 80% MARGINS ON LABOR NOW!"A gross profit margin of 36% is considered good by some, as an NYU study found that this is the average across all industries. However, the definition of a "good" gross profit margin varies widely by industry, and other sources say that the average is closer to 30-35%. For example, the average gross profit margin for farming and agriculture is around 11%, while it's 56% in the semiconductor industry."
@@TheTH-camMechanic The National Automobile Dealers Association is giving them directives to maintain over 72% gross margins on service labor.THAT IS CRIMINAL AND THEY SHOULD BE IN PRISON!
@@TheTH-camMechanic Price fixing is an agreement (written, verbal, or inferred from conduct) among competitors to raise, lower, maintain, or stabilize prices or price levels. Generally, the antitrust laws require that each company establish prices and other competitive terms on its own, without agreeing with a competitor. When purchasers make choices about what products and services to buy, they expect that the price has been determined on the basis of supply and demand, not by an agreement among competitors. When competitors agree to restrict competition, the result is often higher prices. Price fixing also includes agreements among competing purchasers or competing employers about the prices or wages they will pay. Price fixing is a major concern of government antitrust enforcement. Individuals and companies that knowingly enter price-fixing agreements are routinely investigated by the FBI and other federal law enforcement agencies and can be criminally prosecuted. Potential penalties include lengthy terms of imprisonment (up to ten years) and large fines (up to $1 million for individuals, $100 million for companies, or twice the gain or loss from the offense). Where appropriate, the FTC may also bring a civil enforcement action.
@@TheTH-camMechanic Rigging or fixing their margins on service labor is both price fixing the customers and wage fixing the technicians.
High stealership charges and low mechanic pay rates , even full mechanical engineers with degree pay is low , unqualified salesmen get paid more !!!
Hell yeah brother. Like and subscribe!