“There must be more to this. 35 cents per worker, or we strike?”
Right now the employers are paying $3.96 per worker per hour for pension and health care. At 55,000 workers, it costing the employers $217,800 per hour or $5,227,200 every 24 hours. That works out to $1,907,928,000 per year.
That $.35 per hour increase means that the employers would have to pony up an extra $462,000 per day. I know that this is Vegas but this is some serious money.
Harry Reid better stay holed up at Terrible’s in Searchlight because I don’t think he’s going to be too popular on the Strip.
Talk about the opportunity to do some skimmin’. Wow! And add a little money laundering in there, too.
No union person works 24 hours a day.
55,000 * 8 * 0.35 = 154,000
Thanks, SD for the clarification.