For '06 it was $73.26/hour worked. Period, end of story. NOWHERE DO YOU SEE $14-28/HOUR CASH COMPENSATION. THIS IS BS THAT RW PULLED OUT OF HIS ASS.
Quote from GM website:
The total of both cash compensation and benefits provided to GM hourly workers in 2006 amounted to approximately $73.26 per active hour worked. This total is made of two main components: cash compensation ($39.68) and benefit/government required programs ($33.58).
The average annual cash compensation for hourly employees in 2006 was $39.68 per hour. Included in average earnings are straight-time pay, Cost of Living Allowance (COLA), night-shift premiums, overtime premiums, holiday and vacation pay.
Benefit/government required programs in 2006 added an additional $33.58 for each active hour worked. These costs include: group life insurance, disability benefits, and Supplemental Unemployment Benefits (SUB), Job Security (JOBS), pensions, unemployment compensation, Social Security taxes, and hospital, surgical, prescription drug, dental, and vision care benefits.
A couple weeks ago, GM and the UAW told Congress that in 2010, the cost will drop to $62/hour when the UAW trust starts paying retiree health costs.
If you want to argue it, go take it up with GM and the UAW and their testimony before Congress. |
