Recent comments in /f/newhampshire

Queasy_Turnover t1_j33wswc wrote

How many that make above minimum wage are still making less than the minimum wage in other states though? And I'm not trying to bait you in to anything, but saying that only 1% makes minimum wage and that's why they don't raise it could just mean that a lot of people are making a small amount above minimum wage.

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Azr431 OP t1_j33ug5z wrote

>Are the things you're holding up as examples a significant part of the increase in your utility costs this year - Nope.

I never claimed the reason for the huge price increases in 2022 was because of the large dividends, CEO pay increase, etc. You formed that narrative on your own.

>Are for-profit utilities a good thing - Probably not, especially as many currently function. At minimum, they need tighter regulation or better market design/structure.

I guess a capitalist and a socialist can agree on something!

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SkiingAway t1_j33rkzp wrote

I think there's two questions:

  • Are for-profit utilities a good thing - Probably not, especially as many currently function. At minimum, they need tighter regulation or better market design/structure.

  • Are the things you're holding up as examples a significant part of the increase in your utility costs this year - Nope.

The latter is basically my objection to your framing.


> need to pay $644M of dividends to shareholders with our money for three quarters in 2022

Their dividend last year was $0.6025/share, this year it's $0.6325/share. I'll also note that dividend payments are a big part of the market appeal of a utility company - they're not and can't be high growth businesses. They're supposed to pay out a modest, steady profit to shareholders.

> give their CEO a 28% raise in one year?

It's not particularly clear to me that the CEO got a 28% raise. This indicates the previous guy made $19.8m in 2019. So has this guy received a 28% raise from last year or a 70% pay cut from the last guy?

Realistically, the answer is probably neither given how much of their pay is tied to stock grants/stock market performance, but it's why I find these kinds of metrics - especially on a year to year basis, dumb arguments.

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Drivedrivefff t1_j33r5ci wrote

There are common sense things we could do to improve policing and criminal justice in this country. Things we could easily afford. We won't accomplish any of it because we the people are turned against each other by a media and political elite that laughs and sips champagne while we struggle.

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