3 big’s Labor cost per hour, wages and benefits for hourly workers.
By Daniel at 12 December, 2008, 2:26 pm
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Ford: $70.51 ($141,020 per year)
GM: $73.26 ($146,520 per year)
Chrysler: $75.86 ($151,720 per year)
Toyota, Honda, Nissan (in U.S.): $48.00 ($96,000 per year)
According to AAUP and IES, the average annual compensation for a college professor in 2006 was $92,973 (average salary nationally of $73,207 + 27% benefits).
Bottom Line: The average UAW worker with a high school degree earns 57.6% more compensation than the average university professor with a Ph.D., and 52.6% more than the average worker at Toyota, Honda or Nissan.
Many industry analysts say the Detroit Three, must be on par with Toyota and Honda to survive. This year’s contract, they say, must be “transformational” in reducing pension and health care costs.
What would “transformational” mean? One way to think about “transformational” would mean that UAW workers, most with a high school diploma, would have to accept compensation equal to that of the average university professor with a PhD.
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If they really insist on giving 15 billion to them, offer it in a rebate to the general public.
$5000 rebate from the government on any big 3 sold. So, the next 3 million cars would have the rebate. This would do 2 things. Most will buy the smaller cars in the 12-14k range, so you could get these for 7 to 9k. They would sell crazy, and the smaller more fuel effecint ones will reduce oil dependancy, keeping more money in the USA.
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Your labor costs information is over two years old.
Not relevant.