The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: bentway who wrote (168488)	12/2/2008 9:48:45 PM
From: MulhollandDrive	Read Replies (2) of 306849

. Rather, the $70 per hour figure (or $73 an hour, or whatever) is a ridiculous number obtained by adding up GM's total labor, health, and pension costs, and then dividing by the total number of hours worked. In other words, it includes all the healthcare and retirement costs of retired workers. [emphasis in original] does this guy think his readers are clueless idiots? nobody has every believed that UAW workers get $70 HOURLY PAY, but when you add up salary, bennies (including pension costs) that's the number.... when i pay my employees i consider the total compensation costs and divide that into hours worked and come up with a figure, it's the COST of LABOR.... when you make an apples to apples comparison to the wages of the non union autoworkers, their $48ish/hr wages includes benefits too.... let's see.....auto manufacturer pays workers $48 in total compensation v. auto manufacturer that pays workers $70 in total compensation... who wins? so what's his point?

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