Posted on 02/17/2009 5:12:29 PM PST by BfloGuy
The U. S. by far remains the worlds leading manufacturer by value of goods produced. It hit a record $1.6 trillion in 2007 nearly double the $811 billion in 1987. For every $1 of value produced in Chinas factories, America generates $2.50.
(Excerpt) Read more at buffalonews.com ...
You are preferring to advocate income taxes.
You must not be a Fair Taxer.
Which transnational corporation are you favoring with your comments?
Since I just bought a new Ford, I would have to say them. They are a transnational company.
Chinese owned? News to me. I thought their shares are public? The employees are Americans, I think the parts mostly American. The owners are Americans. I don't have any problem with them lobbying for handouts, but I oppose those handouts.
But you are really not addressing the fact that your theory of citizens lobbying Congress for tariffs is a nonstarter. Completely idealistic and unworkable.
I agree with everything you say we have ceded our sovereignty to other countries as result of free trade.
One word...AIG-stock was trading for under 30 cents yesterday...you will never see one dime of the 150 billion (treasury and tarp) given to this company. You have a chance with GM...none with the banks. As we have discussed, American needs more manufacturing not less...this depression/recession has made this quite clear...save GM and other manufacturers for a better day and help America once again be a prosperous strong country.
Baloney...Hersey can pay their workers nothing and that’s what it always comes down to...I don’t think they will like manufacture in Mexico so much...GM found out just how miserable it is to manufacture in there...no matter. I will never buy another Hershey product again. I don’t need candy...heck I make delicious candy better than anything the Mexicans can produce...Mexico is literally a sewer...they have no public health requirements...thus I will eat nothing from there. I want labeling on all products...you want to move out of this country fine,tell me where you are so I can decide if I want to buy your traitor products...I will buy very little.
The figure I provided came from Walmart management...yeah so I guess you are incorrect. It is a fact that my state-Ohio- pays for food stamps, health care and provides housing subsidies to Walmart employees...why should I as a taxpayer have to subsidize Walmart and watch these employees being conditioned for socialism...you better believe Walmart wants socialism, it will increase their profits. However, it’s bad for American.
Anyway, your wrong if you think candy manufactures benefit from the sugar tariff, please try again.
Let me quote directly from General Motors Manufacturing and Human Resources website :
The total of both cash compensation and benefits provided to GM hourly workers in 2006 amounted to approximately $73.26 per active hour worked. This total is made of two main components: cash compensation ($39.68) and benefit/government required programs ($33.58).
The average annual cash compensation for hourly employees in 2006 was $39.68 per hour. Included in average earnings are straight-time pay, Cost of Living Allowance (COLA), night-shift premiums, overtime premiums, holiday and vacation pay. In 2003, GM workers logged 41,363 (hours in 000s) in overtime hours for an average of 371 hours per worker; in 2004, 39,409 overtime hours for an average of 374 hours per worker; in 2005, 33,555 overtime hours for an average of 337 hours per worker; and in 2006, 27,265 overtime hours for an average of 315 hours per worker.
Benefit/government required programs in 2006 added an additional $33.58 for each active hour worked. These costs include: group life insurance, disability benefits, and Supplemental Unemployment Benefits (SUB), Job Security (JOBS), pensions, unemployment compensation, Social Security taxes, and hospital, surgical, prescription drug, dental, and vision care benefits.
Link? Number one my husband works for GM so I know for a fact that the number you describe includes legacy-he has done payroll...you take the cost of health care, wages, retirement of all GM workers-former and current, next you divide by the number of current workers. Thus the cost of former workers is used in this calculation. the excerpt I provided for you showing how these figures are calculated does not even take in the new contracts...new hires start at $14.00 per hour...since GM has bought out many and laid off many more higher wage workers, they will be hiring the low cost employees during any upturn in sales-no call backs.
The New York Times told readers that GM’s autoworkers are paid $70 an hour (including health care and pension). This is not true. The base pay is about $28 an hour. If health care cost per worker average $12,000 per year, that adds in another $6 an hour. If the pension payment takes up 25 percent of base pay (an extremely high pension), that gets you another $7 an hour, bringing the total to $41 an hour. That’s decent pay, but still a long way from $70 an hour. Again, you have to be an American manufacturing hater to provide false information as many times as you have.
‘How does the NYT get from $41 to $70? Well the trick is to add in GM’s legacy costs, the pension and health care costs for retired workers. These legacy costs are a serious expense for GM, but this is not money being paid to current workers. The person on the line in 2008 is not benefiting from these legacy cost’
Hard to argue with GM’s own site.
http://www.gm.com/corporate/responsibility/reports/05/500_economic/3_thirty/530.html
In 2004, the last full year for data, GM’s worldwide payrolls from continuing operations totaled $21.5 billion, up from $20.9 billion in 2003. In the United States, hourly payroll totaled $8.7 billion. The average labor cost per hour for the U.S. hourly work force, which includes both wages and benefits, was $73.73 in 2004.
These figures are from 2004 and do not include restructuring give backs by unions (2006 and 2008 contracts). Also, they include all workers including management who make higher salaries than unions...you know engineers, upper management and so on...GM. This includes the GMAC workers as well who make considerably more than union (or used to)....can you really look at those figures and believe this represents what a union person takes home or receives in benefits?...the UAW now manages health care for union as well-began in 2007. Management has taken pay cuts and had benefits reduced since those figures as well Again, you want to believe your own propaganda...I always wonder why you GM haters never mention the banker’s salaries?
I am hoping for sanity in the coming years concerning trade...where companies like Hershey are charged Tariffs as well as other foreign competitors. You know when these companies move, they often don’t even pay American taxes as there is a loophole which allows them to pretty much eliminate taxes with off shoring.
It is not users of sugar.
I care nothing about what someone else makes.
GM,and the unions brought this on themselves, I care about the quality of their cars. I have bought over 30 GM products over the years. In 70’s they ticked me off, when I couldn’t tell the differance between Chevys and Caddies,so I quit buying Caddies and bought Olds and Buicks, because I got the same level of luxary for less. My ex’s silver 79 98 the paint came off, so she got a 81 Buick Century, which suffered from overheating and lost the CV joints all under warranty and GM did nothing. We quit GM and went to BMWs with no problems. I bought a Caddy in 91, as friends said they weren’t making them good again, it was a good car, not a great car and when I sold it, I took a bath on the resale.
I was disappointed that once again on a GM product, I had to replace the window switches before 70,000 miles, but they built a winner in the Northstar engine.
American auto problems are of their own creation.
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