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Quote:
Originally Posted by cobra de capell
Actually, UAW workers earn $75 an hour in wages and benefits--almost triple the earnings of the average private sector worker. Detroit autoworkers have substantially more health, retirement, and paid time off benefits than most Americans...
...This amount is triple the earnings of the typical worker in the private sector and $25 to $30 an hour more than American workers at Japanese auto plants. The average unionized worker at the Big Three earns over $130,000 a year in wages and benefits.
Most of the Big Three's UAW workers' compensation comes as benefits, not cash...
...Health care costs are the most expensive benefit, accounting for over a quarter of total compensation.
Health care costs the Big Three so much because the UAW negotiated gold-plated health benefits....
These gold-plated health care benefits put the Big Three, and especially GM, at a competitive disadvantage... ...The UAW's lavish health benefits added $1,200 to the cost of each vehicle produced in the United States.
The Japanese automakers, by contrast, provide standard health benefits to their American employees. Consequently, health care for active workers cost Toyota $215 per vehicle in 2006.
UAW employees also receive...
Same as the typical American worker? I don't think so......
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Don't where you got your data CDC, but some of it seems true. I find it hard to believe that actual labor costs are anywhere near $75/hr. More like $28/hr and about $10/hr benefits. It would be nice to see an accurate breakdown of it. I think oft quoted health care costs are overblown for one thing. Somebody in the upper tiers makes their insurance buddies a sweetheart deal for a cut of the "premiums" action. No way should a corporation pay more insurance per capita than an individual would.
Check out this link to a club post:
Now here is a surprise.... . I don't know where Cobrabill got the info. In Cobrabill's post it quotes UAW President Ron Gettelfinger as saying that UAW labor makes up 8 to 10 percent of the cost of a vehicle. This isn't much.
Something is cockeyed here. If labor gets $75/hr then the corporation theoretically gets $750/hr for each employee. That is much.
So lets use 10% for labor. If UAW works for
half price or 50%, it would only lower per vehicle cost 5 percent, or $5 per $100. If whoever is raking in the other 90% gives up only 10%, it would lower vehicle cost by 9%, lowering per vehicle cost by $9 per $100. Nearly twice the price break. Granted some of the 90% is legit overhead ...but not the majority of it.
I don't think 10% labor cost is high. I think 90% other costs are outrageous, and apparently so does UAW. What a shame. I don't think we should lower UAW labor wages. We should strive to bring all other working class wages up to their level whenever market permits, even if we have to give the 90 percenters a "lower". Fair is fair.
Same as the typical American worker? It should be.
Running out of time here. Somebody has to work, eh?
Wes
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