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Labor cost and what they pay isn't the same thing---pay is wages, what the worker gets on the check or even benefits, direct benefits to the worker.
In any event I don't think the UAW need apologize for getting it's members good pay and benefits, one would think all workers would appreciate such things. The solution is to drive up the cost to the foreign makers, not to drive down wages and benefits of our fellow citizens.
Actual employees of the big 3 make about $28/hr. Skilled trades is more. The $70/hr figure is something some reporter came up w/which includes pension for current and retired workers, healthcare, life insurance, etc, etc, etc. Once you add up the costs for the working and retired they divided that number by the number of active employees divided by hours worked and that's how they came up w/the $70/hr figure. Actual hourly wages range from $14/hr to $28 for a line worker. Trust me i know this. I live in a GM town and used to work for a GM supplier. All labor costs including pension, healthcare, etc only makes up 10% of the cost of the car and that cost is falling.
The source seems to be GM figures as given to comngreess because that is the figure that congresss used and they agreed. It the real cost per hour for labor.Lets seee 10 % is more than exxon made in profit margins (6%) and about 3200 dollars on a new truck. In the end their labor cost are way higher thasn similar jobs in the US at htis skill level.Driving up cost to foreign makes is saying that you want the american peole to pay more for thier cars by forcing the prices up'which will raise inflation. That is craaszy and just the reason GM and the kind of thinking that got the big 3 i this problem their i how.
Actual employees of the big 3 make about $28/hr. Skilled trades is more. The $70/hr figure is something some reporter came up w/which includes pension for current and retired workers, healthcare, life insurance, etc, etc, etc. Once you add up the costs for the working and retired they divided that number by the number of active employees divided by hours worked and that's how they came up w/the $70/hr figure. Actual hourly wages range from $14/hr to $28 for a line worker. Trust me i know this. I live in a GM town and used to work for a GM supplier. All labor costs including pension, healthcare, etc only makes up 10% of the cost of the car and that cost is falling.
Sorry, but some "reporter" didn't come up with those figures, they are real expenses that must be considered when running a business.
Well, i would like to see what the transplants pay in pension, healthcare, etc. You only listed hourly wages and bonuses. What other costs are associated w/their workers???????
Well you could click on the provided link.
Regardless, since Toyota isn't looking for charity from Uncle Sam they must have their expenses under better control.
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