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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (438204)12/4/2008 5:07:22 PM
From: i-node  Read Replies (4) of 1573992
 
McMannis was talking about current employees costing $78 an hour, which is simply false.

According to GM, after the so-called "legacy" costs are stripped out you're still left with $62/hour. That is the amount ACTUALLY PAID to CURRENT EMPLOYEES -- wages of about $30/hour, and benefits including health care, retirement, and other fringes of $32/hour.

$62/hour @ 2080/hrs/yr is STILL 130K/year for an unskilled laborer. The other $11/hour, we can argue about..I say it counts you say it doesn't. But it really doesn't matter. You're paying people who have the skills of a hamburger flipper $130K/year.

In terms of comparing the Americans with the foreign automakers, you have to include the other $11. But if you're trying to ascertain HOW MUCH MONEY THESE UNSKILLED WORKERS ARE ACTUALLY RECEIVING, then 130K or 150K, does it matter?

I know physicians who don't make 150K by the time Medicare and Medicaid get through with them.
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