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Posts: 15102
Posted: Sat Dec 13, 2008 2:48 pm
ShintoMale ShintoMale: He didn't say it was a $70 an hour wage, the graph says $70 an hour labour costs. Most unions, CAW aside would rather a factory shut down then take a pay cut. http://www.factcheck.org/askfactcheck/do_auto_workers_really_make_more_than.html$1: The result is the per-hour labor cost to the automakers, which is very different from "pay" or "wages" or even "wages and benefits" earned by their workers. As David Leonhardt pointed out in the New York Times (countering, in a sense, the earlier piece by Sorkin), the average GM, Ford and Chrysler worker receives compensation – wages, bonuses, overtime and paid time off – of about $40 an hour. Add in benefits such as health insurance and pensions and you get to about $55. Another $15 or so in benefits to retirees (known as "legacy costs") brings the number to roughly $70.
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Posted: Sat Dec 13, 2008 2:51 pm
Wow! I'm in the wrong line of work. I'll do one of those job's for $60.00/hour,pay my own wcb,EI and CPP. Plus I wouldnt charge overtime. ![Drink up [B-o]](./images/smilies/drinkup.gif)
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Posts: 11362
Posted: Sat Dec 13, 2008 2:57 pm
RUEZ RUEZ: ShintoMale ShintoMale: He didn't say it was a $70 an hour wage, the graph says $70 an hour labour costs. Most unions, CAW aside would rather a factory shut down then take a pay cut. http://www.factcheck.org/askfactcheck/do_auto_workers_really_make_more_than.html$1: The result is the per-hour labor cost to the automakers, which is very different from "pay" or "wages" or even "wages and benefits" earned by their workers. As David Leonhardt pointed out in the New York Times (countering, in a sense, the earlier piece by Sorkin), the average GM, Ford and Chrysler worker receives compensation – wages, bonuses, overtime and paid time off – of about $40 an hour. Add in benefits such as health insurance and pensions and you get to about $55. Another $15 or so in benefits to retirees (known as "legacy costs") brings the number to roughly $70. That's the biggest difference between the "Big 3" and Japanese based Employees. The Japanese Plants simply haven't been around long enough to have a large pool of Retirees. The US really needs Universal Healthcare. That would eliminate much of these Costs and make them more competitive.
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Posted: Sat Dec 13, 2008 3:02 pm
sandorski sandorski: The US really needs Universal Healthcare. That would eliminate much of these Costs and make them more competitive.
The hourly labor cost in Canada is still higher for the big 3 than Honda or Toyota. There is no reason why the CAW can't take a cut in their hourly wage.
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Posts: 15102
Posted: Sat Dec 13, 2008 3:04 pm
sandorski sandorski: That's the biggest difference between the "Big 3" and Japanese based Employees. The Japanese Plants simply haven't been around long enough to have a large pool of Retirees.
The US really needs Universal Healthcare. That would eliminate much of these Costs and make them more competitive. Maybe you're right, and I agree about Universal Healthcare. First and foremost however before we give them billions every person in those companies from management down to janitor needs to take a pay cut.
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Posts: 23565
Posted: Sat Dec 13, 2008 3:17 pm
Tegan Tegan: ridenrain ridenrain: This bailout is a mistake. This money will be eaten by overpaid union workers and will make no difference to the stability of thir jobs. Conservatives seem to consider that everyone is overpaid except themselves.  You may be content with tax dollars going towards bloated corporations with massive wages for its workers, and are producing an inferior product, but I'm not. 
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CommanderSock
Forum Super Elite
Posts: 2664
Posted: Sat Dec 13, 2008 3:39 pm
The bailout is a mistake. The companies just need to collapse. They are inefficient, we have seen these sorts of bailouts fail before. The British tried to save their car industry in the 60s in the face of growing American competition. How many British car companies are still successful? Right! I don't see a point in trying to save an already dead man. Take your hats off to GM and give them a moment of silence.
The Unions played a big part in the downfall of these companies, but it wasn't the primary reason for their downfall. This is the fault of terrible management. Ultimately it's the little guy that suffers when men at the top make mistakes (see everything to do with human history).
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CommanderSock
Forum Super Elite
Posts: 2664
Posted: Sat Dec 13, 2008 3:42 pm
$1: That's the biggest difference between the "Big 3" and Japanese based Employees. The Japanese Plants simply haven't been around long enough to have a large pool of Retirees.
The US really needs Universal Healthcare. That would eliminate much of these Costs and make them more competitive.
Can the US have public healthcare AND still invest $500bn annually in a military? Most western democracies have universal healthcare which results in severe cuts to their defense budgets, and most still barely make the books balance (Canada for example). The US doesn't have the heart to make military cuts, the best they can settle for is pooled private insurance, which for some crazy reason still doesn't exist like it does in Canada with SunLife and Manulife.
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Chumley
CKA Elite
Posts: 3448
Posted: Sat Dec 13, 2008 3:58 pm
DrCaleb DrCaleb: Scape Scape: DrCaleb DrCaleb: Is there a banker wages graph posted by Heritage as well? We can't post images of that size.  
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CommanderSock
Forum Super Elite
Posts: 2664
Posted: Sat Dec 13, 2008 3:59 pm
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Posts: 7835
Posted: Sat Dec 13, 2008 4:05 pm
sandorski sandorski: That's the biggest difference between the "Big 3" and Japanese based Employees. The Japanese Plants simply haven't been around long enough to have a large pool of Retirees.
The US really needs Universal Healthcare. That would eliminate much of these Costs and make them more competitive.
Also, the Japanese factories were built when we have the massive robotic and automated factories we have today. In the 70s and even in the 80s, robotics were still up and coming, and most of the labor was still hands on, thus requiring double or triple the amount of labour a modern factory needs.
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Posts: 11830
Posted: Sat Dec 13, 2008 7:58 pm
Nice graph. Too bad it's a load of complete shit!
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Posted: Sat Dec 13, 2008 8:34 pm
herbie herbie: Nice graph. Too bad it's a load of complete shit!  No, no it really isn't. Unions are useless in the modern age. That's the reason Japanese cars are cheaper right there.
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Posted: Sat Dec 13, 2008 8:37 pm
Tegan Tegan: Thanks! So tell us, do you consider yourself overpaid? come on Ruez hit him between the eyeballs 
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Posts: 53483
Posted: Sat Dec 13, 2008 10:12 pm
herbie herbie: Nice graph. Too bad it's a load of complete shit! Funny. I got if from a guy who works in the St. Thomas Ford plant. What's a complete load of shit again?
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