> Halliburton (KBR) workers in Iraq paid 50 cents an hour
6 December 2005, 23:53
My question is what pay grade used to calculate the bid estimate that our government signed off on. I hasten to guess that the pay scale used for bid estimates are probably much higher... probably 1000% more than actual amount paid. That would mean that subcontractors and KBR are just making killing on this cash. Say if the the estimate called for $4 per hour per employee, with a 50 cent wage, that would mean a $3.50 per hour would be absorbed by the subcontractors and contractors as pure 700% profit.
My question is what pay grade used to calculate the bid estimate that our government signed off on. I hasten to guess that the pay scale used for bid estimates are probably much higher... probably 1000% more than actual amount paid. That would mean that subcontractors and KBR are just making killing on this cash. Say if the the estimate called for $4 per hour per employee, with a 50 cent wage, that would mean a $3.50 per hour would be absorbed by the subcontractors and contractors as pure 700% profit.