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Amtrak a victim of getting closer to sucess?

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[quote user="schlimm"]   <blockquote> <div><img src="/TRCCS/Themes/trc/images/icon-quote.gif" /> Phoebe Vet:</div> <div>   "Their compensation packages average $74,447 per year."? Do you seriously believe that? <div style="clear:both;"></div>   </div> </blockquote>   Phoebe Vet:  I don't and I hope no one else is gulled.  I have a post on the General site about the Beijing-Shanghai HSR.  The key numbers are that mean wages and salaries are about $49K.  The number sam1 uses (from the manufacturers' trade association) is "Total Compensation" which includes benefits.  In the manufacturing sector, bennies = about 34% of total comp., pay = about 66%.  So when sam1 says $74447, that is accurate, but misleading if you don't read the numbers carefully. That is how they can throw around numbers in that sector that appear about 50% higher than what most of us know to be prevailing wages.  Also, purchasing agents much higher salaries are included with manufacturing, which raise the average.  And the total employed numbers the trade assoc. states are much higher than either of the BLS statistics. [/quote] The NAM is a trade organization.  It has 11,000 manufacturers throughout the country.  Its members, for the most part, make stuff as opposed to growing it, catching it, and processing it.  Accordingly, the difference in the compensation data reported by NAM and BLS lies in the fact that they are reporting for different entities.  My former employer, which is the largest investor owned electric utility in North America, is a member of NAM.  The compensation figures presented by NAM square with the compensation packages of production employees in the electric utility industry.  In fact, they are very much in line with the numbers for heavy industry. Again, my key point was missed.  In retrospect, I should have left the employment and compensation numbers out of my post.  It has become an unnecessary flash point.  The U.S. is not out of the manufacturing business. In fact, it remains the largest manufacturing nation in the world.  Taken alone, as I said, it would be the 9th largest economy in the world.   I have withdrawn the NAM number regarding manufacturing employment and compensation.  Unfortunately, several people missed the key point, i.e. the U.S. is still the largest manufacturing country in the world, and instead jump on essentially irrelevant points. Suffice it to say that the differences between the BLS statistics, which deal only with employment and the NAM numbers, are mostly a function of timing, categorization, location, and the statistical methodologies used by the BLS.
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