President Barack Obama Message Board

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Politics : President Barack Obama

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To: nigel bates who wrote (44655)	11/15/2008 5:46:05 PM
From: tejek	Read Replies (2) of 149317

>I am really, really skeptical about this $73 per hour number.<< I think the average hourly rate is actually around $27. The $73 is the hourly cost to the GM, Ford & Chrysler, including such stuff as health care benefits and pensions. I don't know the calculation methodology (particularly how they account for existing healthcare liabilities - which is of course GM's major problem), and I don't know if the methodology is consistent across the various industries they compare. If their real wages are $27 per hour then I think there must be something out of whack with the $73 per hour number. I mean.....why do they not provide a contributing break down with a number that large?

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