# Estimation Skills - Question 2

## What is the average value of a pickup truck load of mixed sheet metal - from a scrap metal yard mgr

• ### 0 - $10 Votes: 0 0.0% • ###$10 - $30 Votes: 6 24.0% • ###$30 - $100 Votes: 8 32.0% • ###$100 - $300 Votes: 10 40.0% • ###$300 - $1000 Votes: 1 4.0% • Total voters 25 • Poll closed . #### Hypatia's Protege Joined Mar 1, 2015 3,228 Paultry$1k/day? It is not likely that that money was split equally. The skilled manual laborors (took in $12 to$20/hour) and the unskilled likely 7.25 to $10. If the average you calculated was$1000/day (125/hour) the owner/manager of a squad four was pulling in a healthy sum by the end of the fortnight, he has an interesting business and his employees have a bit of food on their plates but rent will have to be paid with income from their second job.
There seems to be a misunderstanding -- There are only the two (brothers) -- Which being equal partners and the only employees of their salvage firm... So... I imagine they split the 'profits' equally...

FWIW My calculations were as follows:

As a retired old man I'm living on $800 per month. If my car(2004) and house weren't paid for And free gas for heating the house(gas well on property) don't know what I'd do. #### tcmtech Joined Nov 4, 2013 2,867 The scrap collectors 'invested' ten days hard labor equipped with acetylene torches, 'porta-powers' a 'Serco loader', miscellaneous 'manual implements' and a single F-450 -- all for a paltry$1K apiece per day (prior to expenses/taxes, etc...) --- That anyone could regard such an outlay of blood, sweat and expletives --for so derisory a sum-- as 'equitable' is hopelessly beyond all comprehension! --- How truly "one person's trash is another's treasure" -- A good thing too - considering such is the basis of an economy!

Tennis, rock climbing, xc and dh skiing, sailing and, occasionally, diving constitute my 'nodding acquaintance' with 'manual labor' -- Of course, as is the nature of recreation, said activities are uncompensated -- 'Tho I've high hopes that'll change Re: the latter

Actually, I don't consider myself 'lazy' -- I'm merely one of those 'old fashioned types' who feels time is more important than money

Very best regards
HP
Well my opinion of you just dropped by a factor of about however much you think a good days pay is worth VS mine.

Your whole statement comes off as if you either have no concept of or that you consider yourself above what the avenge person has to do to make a living.
Where I come from and how I was raised at this point in history if a guy makes $200 take home after taxes for working anything less than a 12 hour day he did well and should act humble around those who don't do that well for days work. As far as what's scrap worth well I have some good friends who run a scrap yard for the last 50+ years and he and his dad are millionaires multiple times over from it and neither is afraid to work a 12 hour day beside a poor lowly guy like myself or anyone else for that matter. #### tracecom Joined Apr 16, 2010 3,944 Assuming a 5 day work week,$1k per day is more than $200k per year. Around here, that's considered a very nice gross income. Assuming expenses and taxes take half of that, there aren't many of us in Tennessee doing any better, and a whole bunch doing worse. #### Hypatia's Protege Joined Mar 1, 2015 3,228 Your whole statement comes off as if you either have no concept of or that you consider yourself above what the avenge person has to do to make a living I'm truly sorry that, once again, I seem to have come across as an 'elitist' -- I assure you such is not my attitude! --- It is merely that I place far greater value upon time than money! -- For that reason -- and that reason alone -- I cannot fathom anyone preforming difficult, hazardous tasks for so little gain!? -- That said, I neither disapprove of nor 'look down upon' said individuals! --- In point of fact, being (as most of them are) highly intelligent - I both marvel at and admire their high degree of alacrity in the face of such meager cause for motivation... As far as what's scrap worth well I have some good friends who run a scrap yard for the last 50+ years and he and his dad are millionaires multiple times over Such is my observation (Re: scrap dealers) also! -- And, perhaps, a clue to the 'paradox' -- All said and done salvage operators are 'commodity speculators' of a sort -- So... perhaps they'll hold my$20k's worth of scrap for resale at such time as they may realize a decent return on their effort? -- I genuinely hope so! They've certainly earned it!!!

and neither is afraid to work a 12 hour day beside a poor lowly guy like myself or anyone else for that matter.
I do not regard you --or anyone-- as 'lowly' or 'beneath me' based upon 'economics' or time vs (material) gain perspectives/values! -- The world would be pretty boring if we all viewed it through the self same lens! --- When I say 'I don't understand' I mean just that! -- Again I assure you, such is in no way a statement of disapproval or ridicule!

I sincerely apologize for any misapprehension and/or hard feeling such may have engendered!

Most sincerely
HP

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#### Hypatia's Protege

Joined Mar 1, 2015
3,228
As a retired old man I'm living on $800 per month. If my car(2004) and house weren't paid for And free gas for heating the house(gas well on property) don't know what I'd do. While I'm no accountant - I daresay the afore mentioned (per diem) 'income' would be rather less than$800 following taxes and expenses

Best regards
HP

#### Hypatia's Protege

Joined Mar 1, 2015
3,228
Assuming a 5 day work week, $1k per day is more than$200k per year. Around here, that's considered a very nice gross income. Assuming expenses and taxes take half of that, there aren't many of us in Tennessee doing any better, and a whole bunch doing worse.
I'll take your word for it that one can live comfortably on $200K (gross) per year ---That said, do you feel such is fair compensation for the intense labor and not inconsiderable health liabilities attendant to the work in question? A genuine, respectful, non-argumentative question Best regards HP #### #12 Joined Nov 30, 2010 18,224 It's merely that 24 tons 'looks like' a much, much, larger 'number' 24 tons is a big number? Once upon a time I calculated a days work and it was over 1000 pounds of loading and unloading trucks, and that was merely incidental to installing the air conditioner. So, I already know I can load and unload 1000 pounds a day with my bare hands. I can't do it every day because I'm 65 years old and, right now, my right knee is swollen from working under a car yesterday. I'm afraid @tcmtech would run circles around me. But, if this was local to me, I could mosey over there every other day and feel like a fat cat averaging$200 a day for 3 months.

I could eat steak and lobster from what you throw in the trash can!

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#### Hypatia's Protege

Joined Mar 1, 2015
3,228
24 tons is a big number? Once upon a time I calculated a days work and it was over 1000 pounds of loading and unloading trucks, and that was merely incidental to installing the air conditioner.

Best regards
HP
That's after state and federal income taxes, but not the $2500 yearly property taxes. My income is actually$1300 a month, but I give my wife $500, to help out her and her mother who live 25 miles away. My wife is her mothers care giver. Last edited: Thread Starter #### GopherT Joined Nov 23, 2012 8,009 That's after sate and federal income taxes, but not the$2500 yearly property taxes. My income is actually $1300 a month, but I give my wife$500, to help out her and her mother who live 25 miles away. My wife is her mothers care giver.
I think your comment that your income is $800/MONTH slipped by her. Her reference was$1k per DAY and that was even considered unworthy of a practical person's effort.

#### Hypatia's Protege

Joined Mar 1, 2015
3,228
I don't think you needed to apologize. I don't think you were the one who misunderstood anything.
For the record I was not requesting an apology! - I was, in point of fact, offering an apology for any misunderstanding my post may have caused! --- @GopherT if you have something to say to me I would ask that you do me the courtesy of coming straight out with it -- as opposed to engaging in 'oblique sniping'...

Thank you
HP

#### Hypatia's Protege

Joined Mar 1, 2015
3,228
That's after state and federal income taxes, but not the $2500 yearly property taxes. My income is actually$1300 a month, but I give my wife $500, to help out her and her mother who live 25 miles away. My wife is her mothers care giver. @shortbus My remarks were in reference to the$1K per day earned by the scrap collectors --- I apologize that I must have seemed to be taking an officious interest in your personal finances

Very best regards
HP