American Axle may close, makes parts for H-3

[hummer_metal]

The 50-60 dollar an hour wage is for what the company must charge as per employee on the clock. Not the hourly wage of the employee themselves.

I have different levels that I charge clients depending which machine is being used.

My 100 ton brake press is 60.00 an hour, tig and or mig is 85.00 an hour because there are added cost in materials and labor. My brake press operator makes 15.00 an hour, where as my welders make 18.50 an hour.

You might think that 50-60 dollars is a lot, however you need to figure adding in other cost. IE; Each employee I hire cost me 5-6 dollars more an hour than what I am paying them, insurance, comp. unemployment benefits and so on.

Now consider the cost to run the machines and the cost of the machines themselves. A good brake press can cost 30k-150k, but in order to keep a business up and running you have to make sure the equipment can pay for itself.

Then there is profit, so you have to factor many things together in order to come up with a hourly charge. 50-60 dollars an hour is not bad at all....

Being a Entrepeneur myself, I understand what it cost to keep a company in the green. In the four years I have run my company I have never made a loss and have never been in the red.

Not to be rude, but I also say how the profits will be spent, and over wages, 100% of it goes back into my company to build my customer base and add new products.