I have a small machine shop that I oversee in the investment casting foundry that I am at. I do the estimating and the process design and I try to get $60.00/hr base rate plus markup for G&A/scrap/profit. It was easier to get that number a couple of years ago but today we are more often looking at $40~$45/hr total. We have a full battery of Bridgeports and engine lathes and also have 2 Haas VMC's with 4th axis drives as well as a Haas SL30 lathe.
Guy next door has a great looking shop with a VMC, CNC lathe, water jet cutting, bending and fabircation, as well as argon glove box welding for exotic alloys. His accountant is telling him he needs to get over $100.00/hr and he is now talking about giving up in 3 months because of no work. I gave him a job last week that will generate $57.00/hr on his lathe (he eats insert costs) and he's super happy to get it. He should fire his accountant and find a way to stay alive.
West Michigan is saturated with great capability that is going to waste as well.
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Today's Featured Article - Product Review: Black Tire Paint - by Staff. I have been fortunate in that two of my tractors have had rear tires that were in great shape when I bought the tractor. My model "H" even had the old style fronts with plenty of tread. My "L" fronts were mismatched Sears Guardsman snow tires, which I promptly tossed. Well, although these tires were in good shape as far as tread was concerned, they looked real sad. All were flat, but new tubes fixed that. In addition to years and years of scuffing and fading, they had paint splattered on
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