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MrIcky · 11-13-2008, 04:24 PM

It's not $75 per hour straight pay. However GM had a widely publicized statistic that their benefit load alone was $1600 per car. Toyota's US only plants wouldn't state their exact amount but said it was under $1000. UAW states their straight wage at around $35/hr now if I remember correctly- however the fee load means the employer is paying closer to $45 before we get to the benefits.

Also GM had negotiated away their future to save money now a while ago. They said they didn't have money to increase wages but lets talk retirement thinking they could set up an retirement fund. They've never made enough on investments to fully fund the retirement fund so they have to dump some portion of straight profits into the retirement fund. They have a retiree to current employee ratio of nearly 2 to 1 so they are SCREWED.

11-13-2008, 04:24 PM	#35
MrIcky Drives: Dodge Ram Megacab & Cobalt SS Join Date: Sep 2008 Location: Boise Posts: 1,536	It's not $75 per hour straight pay. However GM had a widely publicized statistic that their benefit load alone was $1600 per car. Toyota's US only plants wouldn't state their exact amount but said it was under $1000. UAW states their straight wage at around $35/hr now if I remember correctly- however the fee load means the employer is paying closer to $45 before we get to the benefits. Also GM had negotiated away their future to save money now a while ago. They said they didn't have money to increase wages but lets talk retirement thinking they could set up an retirement fund. They've never made enough on investments to fully fund the retirement fund so they have to dump some portion of straight profits into the retirement fund. They have a retiree to current employee ratio of nearly 2 to 1 so they are SCREWED.