Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (437616)	12/2/2008 5:30:10 PM
From: i-node	Read Replies (3) \| Respond to of 1574005

What that $70 figure (or $73) actually represents is what it costs GM in total labor expenses, on an hourly basis, to manufacture autos. Do you see that there's a big distinction? General Motors doles out $70 an hour in overall labor costs to manufacture cars. But individual employees don't get paid $70 an hour to make cars. (The discrepancy between costs and wages is explained by additional benefits, pension fees, and health-care costs GM pays out to current and retired employees.) I don't know of ANY PERSON idiot enough to take the $70/hour figure as the gross hourly rate. But when you are looking at manufacturing costs you don't ignore it. The writer of the article is a total dildo, as is anyone who is sucked in by it.