Black Monday at GM

[pauldun170]

Originally Posted by Particle Man

sorry, but the unions served their purpose and now they're choking the life out of the industry.... paying someone $75/hour to put bolts on all day is kinda dumb...

It's not that they are paid $75 an hour.
I think that number is based on total benefits divided by workforce or something.

In other words, the actual take pay is $20 an hour, toss in all the benefits (pension, health insurance, misc crap) and total compensation per employee is say $55 then they toss on some legacy labor cost and blamo you end up with $75 an hour being quoted.