Les
Well-Known Member
Simple question, yes or no, must be afraid to answer it. Now you resort to name calling, the true you.
According to Forbes:
Labor cost per hour, wages and benefits for hourly workers, 2006.
Ford: $70.51 ($141,020 per year)
GM: $73.26 ($146,520 per year)
Chrysler: $75.86 ($151,720 per year)
Toyota, Honda, Nissan (in U.S.): $48.00 ($96,000 per year)
According to AAUP and IES, the average annual compensation for a college professor in 2006 was $92,973 (average salary nationally of $73,207 + 27% benefits).
Bottom Line: The average UAW worker with a high school degree earns 57.6% more compensation than the average university professor with a Ph.D. (see graph above, click to enlarge), and 52.6% more than the average worker at Toyota, Honda or Nissan.
Many industry analysts say the Detroit Three, and especially Ford, must be on par with Toyota and Honda to survive. This year's contract, they say, must be "transformational" in reducing pension and health care costs.
Many industry analysts say the Detroit Three, and especially Ford, must be on par with Toyota and Honda to survive. This year's contract, they say, must be "transformational" in reducing pension and health care costs.
Of course, we are jealous because someone makes more than we do so they are the problem.
It's not totally the CEO salaries, it's all the employees from the
guy sweeping the floor making 20 bucks an hour to the guy with the air wrench
making 60 bucks an hour. And it's the retirees making 50,000 per year
plus medical benefits, death benefits, etc, etc.
We would like to think that bloated CED salaries and abuses are the #1 thing bringing down large companies in trouble, but the reality is that they are typically only a very small fraction of the overall cost of all employee salaries, benefits and penisions where applicable.
The problem is that CEO's will make costly decisions to make themselves more money and in the long run, will cost the company billions. They are not held accountable for it.
What did you dad earn in todays dollars?
What years did he work there and did he retire?
How was his retirement calculated?
Did he have to take a reduced annuity from social security?
The higher the minimum wage, the higher they get paid.
So we have government dictating to private business
what to pay theri workers, based on union contracts
and the above mentioned variable....
and yes I threw 50K out there, don't think it is too unrealistic...
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