[PQ]

Originally Posted by kdbolt70

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.