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


To: tejek who wrote (438268)12/4/2008 8:54:13 PM
From: Joe NYC  Read Replies (1) | Respond to of 1574045
 
Call it legacy costs, call it administrative costs.....but these people no longer work at GM.

Every hour a UAW worker works accrues more of the same liabilities. That is because if you agree in a contract, that you promise to pay these benefits in the future, your cost per that hour of labor is increased by the value of that promise.

This is why you don't understand why the the hourly labor cost is so lobsidedly high.

Joe