I wonder how many times the lie of "they make $78/hr." will be posted on this thread?
I wonder how many times the lie of "they make $78/hr." will be posted on this thread?
I don't know if the $78.00 figure is correct but I do know that despite the recession Toyota, Honda and other non-union maufacturer's are able to turn a profit on the cars they are selling while the Big Three/UAW manufacturuer's are losing money with each car sold.
It isn't just the hourly pay, it's the cost of pay, benefits, and retirement that costs upwards of $70 per hour, compared to around $48 for non-union automakers operating in the US.
Here's a little fun fact to throw around:
COBURN: In 2007, GM sold 9.37 million cars worldwide. Toyota, that same year, sold 9.37 million cars worldwide. GM lost 38.7 billion. Toyota made 17.7 billion. Therein lies the problem.
Obviously, GM (and Ford and Chrysler) have a problem making money, and that problem is directly related to their excessive labor costs.
Don’t be cute. People are smart enough to know what the $78/hr means. Just because you have no problem with the government picking winners and losers in business doesn’t mean the rest of us have to follow.... Who is next for a bail-out? Having screwed up with TARP is NOT a good reason to throw more money at hopeless causes.
Doesn't matter. The reality is, that for GM to survive, labor will have to share the pain. The UAW and the corporation have both contributed their share in getting to this point.