Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

IS it possible that some professions in the US just charge too much?

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU
 
napi21 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-27-05 05:52 PM
Original message
IS it possible that some professions in the US just charge too much?
I know, I already have my suit of armor on!!!

The outsourcing of jobs has been driving me crazy just tryin to figure out why. I'm not going to say that lots of Corps aren't just greedy, but then I started thinking about some other services, and the cost.

It costs $95 just for a tech to check to see what's wrong.

A plumber charges $90/hr plus parts and sometimes mileage.

An electrician charges $85/hr plus parts and sometimes mileage.

A lawyer charges $250/hr and he's a cheap one.

If you don't have insurance, a Dr office visit costs $145, and that is only for the visit!

My garage door himge broke last year. The service tech charged me $450.00 to replace the spring and it was a weekday!

I guess all I'm trying to say is are we in some situations, forcing people to look elsewhere? If I had lots of bucks, I guess I wouldn't care so much, but there are a lot of people who have a lot less than me. I can't afford a plumber, electrician, a lawyer, or even to have someone look at my computer when it gets stubborn.

We make $25,000 a yr, and there's only the 2 of us. What in the world does someone do who only makes $15, and has kids too?

Something's just wrong with the entire cost structure of things.
Printer Friendly | Permalink |  | Top
whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-27-05 05:56 PM
Response to Original message
1. Someone has to pay for those big houses, luxury cars....
...plastic surgery for wives and all that cocaine.
Printer Friendly | Permalink |  | Top
 
madmark Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-27-05 06:36 PM
Response to Reply #1
11. and the mistresses and the gambling
Printer Friendly | Permalink |  | Top
 
nothingshocksmeanymore Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-27-05 05:56 PM
Response to Original message
2. Not all lawyers make 250.00 an hour
and Docs charge 145 for your first visit, which if you are insured then gets reduced by the carrier to whatever their contract agreement is.

Most first year lawyers make about 40K a year and even district attorneys only earn about 108,000 which when compared to the hours they must work amounts to between 25 and 50 bucks an hour.

I can't answer to your other salaries and fees
Printer Friendly | Permalink |  | Top
 
flyingfysh Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-27-05 06:04 PM
Response to Reply #2
5. I once paid a lawyer $350/hour
But he got the case settled in our favor, without having to go to court, in just two hours of billable time. He was well worth his $350/hour. This was about 15 years ago, he probably charges more now.
Printer Friendly | Permalink |  | Top
 
hfojvt Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-27-05 06:40 PM
Response to Reply #2
12. even the ones who charge the $250
are probably paying for a secretary and an office so their net is less, especially if they do not have enough business to keep busy all day. Plus they have to pay for their own health insurance and FICA taxes.
I am not sure about the word "only" being in the same sentence as $108,000. Eighty hour weeks do not appeal to me, but I worked about that much for about 4 years when I had my own business, and I made less than $16,000 a year.
You may be talking about California prices too. I do not know if the local DA makes that much. They cannot seem to bring anyone to trial either, except for the transgender couple, a case they lost (thankfully).
Printer Friendly | Permalink |  | Top
 
whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-27-05 07:02 PM
Response to Reply #12
15. Secretary/legal assistant will get $15/hr and office space goes...
...for $20 to $30 per sq ft per year. So a 1,000 sq ft office for files, 1 lawyer, 2 staff, reception can run $30,000 or $2,500 per month. Suppose the lawyer has a client base sufficient to keep him billable for 30 hours a week at $250/hr. That's $390,000 in billings with 10 hours a week left over for administrative duties, filing, research, dictations, etc.

The two staff persons each working full time would earn $74,000 with benefits and FICA, but if one of those does para-legal work their time is billable at $45 to $50/hr which could cover that cost. What pisses me off is that lawyers bill at $250/hr for a lot of tasks that para-legals do. That is just not right.

The medical services billings are totaling out of the park and have little relation to value provided.
Printer Friendly | Permalink |  | Top
 
ayeshahaqqiqa Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-27-05 05:57 PM
Response to Original message
3. don't know where you live, but
my MD trades her services for those who don't have cash. I believe her initial office visit (which can last up to an hour and ALL with her LISTENING to you the WHOLE time) is $125, and subsequent visits are less.

As for those other costs, remember this: the actual person doing the work doesn't get this much money. My husband is a mechanic, and once worked for new car dealerships. They charged $52 an hour, but he didn't make more than $18 an hour, and this was commission, not straight time. When the dealership raised their rates, they didn't raise the commission rates. Business is so bad he was let go a year ago, and he's working out of the house now (again, trades if you don't have cash), charging his usual rate, though he's always up for negotiating.
Printer Friendly | Permalink |  | Top
 
gizmo1979 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-27-05 06:01 PM
Response to Original message
4. The plumber, electrician and mechanic don't get
paid that amount,the firm they work for gets the bulk of that money.I'm willing to bet that none of the high paid ceo's could do their job,but I'm pretty sure the plumber could do the ceo's job.
Printer Friendly | Permalink |  | Top
 
napi21 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-27-05 06:13 PM
Response to Original message
6. I'll try to answer your questions.
I lived in TX and was visiting Pa. when I got what I knew(from past experience) that I had a bladder infection. I contacted the Dr. office where I used to go when I had lived there 10 years before. At the checkout counter, I handed them my Insurance ID card, and they said, sorry, we don't accept that ins. The cost is $145. and you must pay it cash today. Maybe your ins co will reimburse you. I asked why it was so high, and she said that is the standard cost of an office visit.

I now live in North Georgia, and I don't know ANY Dr. that would even consider trading fee for services of some kind. Our town has about 65,000 people and I can't say it's real small, but sure not the size of a big one either!

I don't begrudge anyone from making a good living, but when most of the population can't afford your services, something is wrong.
Printer Friendly | Permalink |  | Top
 
murray hill farm Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-27-05 06:16 PM
Response to Original message
7. It is not the actual serviceman who gets the big bucks...
but the company who he/she works for...as in the plumber and electrician, etc. When it comes to the doctor and the lawyer...you have to remember this...a doctor maybe can finish up training with a quarter to half million in debt for schooling...a lawyer not as much, but its up in the 100 thousands...and that is all before either makes the first dime. If it is private practice, there are multiple salaries to pay and equipment will have ya in debt for another 100 years..then there is the malpractice ins, etc. So, that 140 that you have to pay for a visit...is a lot...but it has to pay for a lot of debt before doctor sees a penny. Competition in the legal field is fierce...a nightmare...and still a lot of education debt to try to pay off... it is a complicated question to answer.
Printer Friendly | Permalink |  | Top
 
K-W Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-27-05 06:36 PM
Response to Reply #7
10. and the jobs are really hard and time consuming
A good doctor gets to retire rich, but he spent the better part of his life healing people (or changing thier appearance). And lawyers are responsible for being walking encyclopedias.

Also remember that not every doctor and lawyer are rich.

But in the end, our economy pays everyone based on leverage. And proffessionals have leverage.
Printer Friendly | Permalink |  | Top
 
applegrove Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-27-05 06:21 PM
Response to Original message
8. The internet will lower the prices of the professionals. Why not go
to India to have an eye operation? Make it a vacation.

At least this time is a time when not just the poor and middle class will be loosing wages. The professionals will too (editors, psychologists, stock brokers, etc.). That should start happening really soon.

Printer Friendly | Permalink |  | Top
 
Spinzonner Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-27-05 06:30 PM
Response to Original message
9. If you can't afford Entropy you should learn to avoid it
Printer Friendly | Permalink |  | Top
 
BringEmOn Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-27-05 06:52 PM
Response to Original message
13. Gannon/Guckert charges $1200 for the weekend.
Hell, Neil Bush has sweet young things beating down his door in Asia offering him FREE sex, so maybe outsourcing hookers is not a bad idea.
Printer Friendly | Permalink |  | Top
 
Xithras Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-27-05 07:00 PM
Response to Original message
14. I was paid $95 an hour when I consulted solo. Here's why
35% is immediately lost to State and Federal income taxes, and Federal Self Employment taxes, leaving $61.75 an hour. Because I'm self employed, I don't have solid work 40 hours a week...I only make money for the projects I land. I actually averaged 6 hours per day, 12 days a month worth of paid projects making my income equal to that of a fulltime regular employee taking home $27.81 an hour. The rest of my time was spent on marketing and client interfacing and weren't paid.

With that I had to pay $600 a month for private health insurance for my family, $150 a month for an accountant, $75 a month to keep my lawyer on retainer, $400 a month for my bond and business insurance, $300 a month for my auto insurance policy (normal car insurance policies won't cover you if you use your vehicle for business...you have to pay a much higher business rate), an average of $300 a month for listings in the Yellow Pages and other advertising, PLUS I had to pay for all of the OTHER things that everyone else pays for...like a mortgage, food, utilities, etc.

I don't consult solo anymore because I got tired of it...there was never enough money to cover everything that needed to be covered, but people STILL looked at me like I was some kind of crook when they heard my rates. Today I only bill at a project level instead of hourly, and actually make enough to keep several employees as a result...but people still look at me like I'm some kind of scam artist when I tell them that their "simple" computer program will cost several thousand dollars to write.
Printer Friendly | Permalink |  | Top
 
PowerToThePeople Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-27-05 07:05 PM
Response to Original message
16. President, Senators, Representatives
All very overpaid.
Printer Friendly | Permalink |  | Top
 
KT2000 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-27-05 07:33 PM
Response to Original message
17. Heard that some lawyers
are outsourcing to India. Doubt that they will give their clients a break on their bills though. They will just make a bigger profit.

wanted to get my serger sewing machine fixed but the guy told me he charges $60 an hour to investigate the problem. That scared me off and I am doing without it for now.
Printer Friendly | Permalink |  | Top
 
AP Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-27-05 07:39 PM
Response to Original message
18. Corporations are making record profits. CEO salaries are super high.
There's no problem creating wealth in the US. The problem is distribution, and I don't see how you can argue that professionals (or any employee) in the US get paid too much when you look at what the top management and the shareholders are making off of corporate activity.

And the thing about outsourcing is that they don't need it to make the corporation viable. They want it so they can futher supress the labor costs that going into making widgets which further increases shareholder and top management wealth.

The fucked up things about this is that the depression proved that taking so much wealth away from the workers leads to depression. Of course, the super rich make money off the swings, so they're not worried about the depression they're going to cause by outsourcing and depriving the middle class of fair wages.
Printer Friendly | Permalink |  | Top
 
Cleita Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-27-05 07:45 PM
Response to Original message
19. Phil Specter's lawyer got $1,000,000 as a retainer before he
Edited on Wed Apr-27-05 07:46 PM by Cleita
did anything. Now Specter is trying to get it back because he didn't do anything supposedly. Some people do get way to much money, but I disagree with the hourly wages under $100. Even though they may spend only an hour in you place, the morning for them is shot usually so they have to make up for it.

I used to charge $15 an hour twenty years ago for bookkeeping services that I did at home. However, if I had to go to their offices to do them, I charged for half a day, or sixty dollars, even if I didn't spend that amount of time there because it would have cut into my earnings if I didn't.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Wed May 01st 2024, 03:24 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC