Turbo storm
12-19-2008, 10:08 AM
Here are some intresting facts about the bailout.
Subject: Detroit 3 Union Wages
According to Forbes:
Labor cost per hour, wages and benefits for hourly workers.
Ford: $70.51 ($141,020 per year)
GM: $73.26 ($146,520 per year)
Chrysler: $75.86 ($151,720 per year)
Toyota, Honda, Nissan (in U.S.): $48.00 ($96,000 per year)
According to AAUP and IES, the average annual compensation for a college
professor in 2006 was $92,973 (average salary nationally of $73,207 + 27%
benefits).
Bottom Line: The average UAW worker with a high school degree earns 57.6%
more compensation than the average university professor with a Ph.D., and
52.6% more than the average worker at Toyota, Honda or Nissan.
Many industry analysts say the Detroit Three, must be on par with Toyota
and Honda to survive. This year's contract, they say, must be
"transformational" in reducing pension and health care costs.
What would "transformational" mean? One way to think about
"transformational" would mean that UAW workers, most with a high school
diploma, would have to accept compensation equal to that of the average
university professor with a PhD.
Then there's the "Job Bank"
When a D3 (Detroit 3 carmaker) lays an employee off, that employee
continues to receive all benefits - medical, retirement, etc., etc., PLUS
an hourly wage of $31/hour.
Here's a typical story....
Ken Pool is making good money. On weekdays, he shows up at 7 a.m. at
Ford Motor Co.'s Michigan Truck Plant in Wayne, signs in, and then starts
working -- on a crossword puzzle. Pool hates the monotony, but the pay is
good: more than $31 an hour, plus benefits.
"We just go in and play crossword puzzles, watch videos that someone
brings in or read the newspaper," he says. "Otherwise, I just sit."
Pool is one of more than 12,000 American autoworkers who, instead of
installing windshields or bending sheet metal, spend their days counting
the hours in a jobs bank set up by Detroit automakers as demanded by the
United Auto Workers Union - UAW - as part of an extraordinary job security
agreement.
Now the D3 wants Joe Taxpayer to pick up this tab in a $25 Billion bailout
package - soon to be increased to $45 Billion if Nancy Pelosi and Hillary
Clinton have their way.
The "Big 3" want this money - not to build better autos. No. They want
it to pay the tab for Medical and Retirement benefits for RETIRED auto
workers. Not ONE PENNY would be used to make them more competitive, or
to improve the quality of their cars.
We ALL have problems paying for our Medical Insurance - but the Democrat
leaders in Congress now want us to pay the Medical Insurance premiums of
folks who have RETIRED from Ford, GM and Chrysler.
Not a good deal for us.
Subject: Detroit 3 Union Wages
According to Forbes:
Labor cost per hour, wages and benefits for hourly workers.
Ford: $70.51 ($141,020 per year)
GM: $73.26 ($146,520 per year)
Chrysler: $75.86 ($151,720 per year)
Toyota, Honda, Nissan (in U.S.): $48.00 ($96,000 per year)
According to AAUP and IES, the average annual compensation for a college
professor in 2006 was $92,973 (average salary nationally of $73,207 + 27%
benefits).
Bottom Line: The average UAW worker with a high school degree earns 57.6%
more compensation than the average university professor with a Ph.D., and
52.6% more than the average worker at Toyota, Honda or Nissan.
Many industry analysts say the Detroit Three, must be on par with Toyota
and Honda to survive. This year's contract, they say, must be
"transformational" in reducing pension and health care costs.
What would "transformational" mean? One way to think about
"transformational" would mean that UAW workers, most with a high school
diploma, would have to accept compensation equal to that of the average
university professor with a PhD.
Then there's the "Job Bank"
When a D3 (Detroit 3 carmaker) lays an employee off, that employee
continues to receive all benefits - medical, retirement, etc., etc., PLUS
an hourly wage of $31/hour.
Here's a typical story....
Ken Pool is making good money. On weekdays, he shows up at 7 a.m. at
Ford Motor Co.'s Michigan Truck Plant in Wayne, signs in, and then starts
working -- on a crossword puzzle. Pool hates the monotony, but the pay is
good: more than $31 an hour, plus benefits.
"We just go in and play crossword puzzles, watch videos that someone
brings in or read the newspaper," he says. "Otherwise, I just sit."
Pool is one of more than 12,000 American autoworkers who, instead of
installing windshields or bending sheet metal, spend their days counting
the hours in a jobs bank set up by Detroit automakers as demanded by the
United Auto Workers Union - UAW - as part of an extraordinary job security
agreement.
Now the D3 wants Joe Taxpayer to pick up this tab in a $25 Billion bailout
package - soon to be increased to $45 Billion if Nancy Pelosi and Hillary
Clinton have their way.
The "Big 3" want this money - not to build better autos. No. They want
it to pay the tab for Medical and Retirement benefits for RETIRED auto
workers. Not ONE PENNY would be used to make them more competitive, or
to improve the quality of their cars.
We ALL have problems paying for our Medical Insurance - but the Democrat
leaders in Congress now want us to pay the Medical Insurance premiums of
folks who have RETIRED from Ford, GM and Chrysler.
Not a good deal for us.