Repper

Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?

Settle Down!
The numbers in this article are alarming and inteded to be alarmist, but they show a skewed view of reality. That figure was including all labor wages, salaries, healthcare and other benefits, AND legacy costs averaged out to the number of workers employed.
The auto companies do have great legacy costs, but they have renegotiated a lot of those costs and average wages and benefit caosts are going way down as a result, including cutting retirees healthcare benefits for those of age to qualify for medicare.
Future costs will be nowhere near that, though undoubtedly still a bit more than Toyota.
On Nov 10 09:39 AM Midas1 wrote:

> Fox News reported this weekend that GM is seeking multibillions to
> fund their retirees' HEALTHCARE costs. BS!!!! No one is giving me
> a free ride on healthcare. I DO NOT WANT MY TAX DOLLARS PAYING FOR
> ANYTHING OTHER THAN PRODUCT INGENUITY!! Taxpayers fund Medicare--now
> we're supposed to give GM retirees the "cadillac" of healthcare?
> No way. Let them fail. This money should not go to padding pockets
> of overpaid employees whom the union would only allow a simple job
> task and no cross training. GM is never going to match the quality
> of Toyota or Honda as long as the focus is on what more they can
> do to pacify the stupid UAW. It's time to dump the UAW and infuse
> a dose of common sense into the domestics!!