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Old 02-18-2009, 04:47 PM   #1
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GM mistakes

was watching fox news just now and the UAW that build gm cars make 150 dollars an hour with benefits and everything!!! Most of these people just have high school degrees! I love GM and all but thats rediculous! GM got themselves into all this mess with all this, its no wonder all these companies go out the country to build vehicles! Mayb instead of laying off its employees decrease their rediculous pay just like American Airlines did to quit from laying off employess! i would rather make some money than no money...sorry for ranting just venting about these huge companys with their rediculous spending.
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Old 02-18-2009, 04:50 PM   #2
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Exactly whatchew said!
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Old 02-18-2009, 04:52 PM   #3
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Toyota and other equivalents make about 50-70 hr with benefits etc.
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Old 02-18-2009, 04:52 PM   #4
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you serious? 150 an hour? no wonder they are in bad shape.
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Old 02-18-2009, 04:52 PM   #5
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Not saying you are wrong, but I have heard more along the lines of 75 bucks an hour:

http://www.heritage.org/Research/Economy/wm2135.cfm


I mean keep in mind, this is FOX news we are talking about.
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Old 02-18-2009, 04:54 PM   #6
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150 is WAAAY out of line. Its closer to 80 or so. And I moved this out of 5th Gen discussions
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Old 02-18-2009, 04:56 PM   #7
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Sorry, I've seen all the numbers, but I haven't seen anyone try to attribute it to 150/hour. Line workers in "critical" jobs get 26/hour. The new contract signed in 2007 has a lower tiered rate in the area of 14/hour. The total goes up when you count paying for the benefits including health care, vacation etc. And the big number of 75/hour comes from adding in the cost of the retiree pension and health care. Starting with Rick Wagoner and working your way down I doubt there is more than 100 executives making that kind of money.

And to be clear, eliminating the health care costs and transferring it to the VEBA puts GM hourly workers within $2/hour of the Japanese transplants.

It's paying for the legacy cost that is crippling GM, not the hourly rate of the existing workers. I grew up in Flint. In the 70's there were 40,000 people in Genesee County working directly for GM. Now the entire company, hourly and salary is barely double that. GM is paying for the pensions of something like 400,000 retirees and the health care for nearly a million. And not one of them is putting parts on a car on the line.

Don't quote my numbers, but they're pretty close going from memory.
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Old 02-18-2009, 04:58 PM   #8
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Quote:
Originally Posted by DGthe3 View Post
150 is WAAAY out of line. Its closer to 80 or so. And I moved this out of 5th Gen discussions
Damn, even 70-80 pretty damn good if you're on the receiving end. Do you think their accepting applications? Who can I call for an interview?
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Old 02-18-2009, 04:58 PM   #9
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Regardless the time for unions i think should be done...yes its good for some things but hey there is a ton of people out there in the us today that i guarantee would do their job at half the price they pay them now!
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Old 02-18-2009, 04:59 PM   #10
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Yeah that sounds about right to me #3.

I love when you guys help to erase some of the bs floating around on the interwebs
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Old 02-18-2009, 04:59 PM   #11
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If I'm not mistaken, $70+ numbers are the wage of all hourly workers, plus the benefits of all hourly workers and retired hourly workers, and dividing it by the number of current hourly workers.

For instance, lets say I employ 10 people, and pay them $10/hr each, and they have another $10/hr worth of benefits. Lets also say I have another 15 hourly workers that have retired, and I'm still paying their benefits, per their contract. These benefits are still considered $10/hr. now we add all that up, and get $200/hr for all my current workers, plus another $150/hr for my retired workers. That equals $350/hr. Divide that by my current staff, and magically the media says I'm paying $35/hr.
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Old 02-18-2009, 05:01 PM   #12
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Quote:
there is a ton of people out there in the us today that i guarantee would do their job at half the price they pay them now!
If they start at 14 bucks an hour, you are telling me people would want to work for 7?

I don't know how crap your economy is in America, but here in Canada, nobody would work for 7 bucks an hour.
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Old 02-18-2009, 05:01 PM   #13
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$150/hour is ridiculous and completely wrong. The last time I checked, it was around $75/hour, and dropping.
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Old 02-18-2009, 05:02 PM   #14
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Quote:
Originally Posted by kdbolt70 View Post
If I'm not mistaken, they are wage of all hourly workers, plus the benefits of all hourly workers and retired hourly workers, and dividing it by the number of current hourly workers.

For instance, lets say I employ 10 people, and pay them $10/hr each, and they have another $10/hr worth of benefits. Lets also say I have another 15 hourly workers that have retired, and I'm still paying their benefits, per their contract. These benefits are still considered $10/hr. now we add all that up, and get $200/hr for all my current workers, plus another $150/hr for my retired workers. That equals $350/hr. Divide that by my current staff, and magically the media says I'm paying $35/hr.
That's it. Pretty much. The VEBA costs are what's killing the Big 3.
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