Thread: Bailing out GM
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Old 11-13-2008, 08:43 AM   #1
slapshot
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Join Date: Mar 2003
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Quote:
Originally Posted by scottw View Post
Total compensation per hour for the big-three carmakers is $73.20. That’s a 52 percent differential from Toyota’s (Detroit South) $48 compensation (wages + health and retirement benefits). In fact, the oversized UAW-driven pay package for Detroit is 132 percent higher than that of the entire manufacturing sector of the U.S., which comes in at $31.59.

Those are some scary numbers. Pretty easy to see, right there, why the big three cannot compete or even survive for that matter.

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