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.
posted at 02:20 PM by Glenn Reynolds
MEGAN MCARDLE ON TALK OF AN AUTO BAILOUT: "I do think that the UAW is perhaps the grossest example of something toxic about what a lot of American unions have turned into. . . . First, after the unions have put companies into an untenable position, they come to the rest of us looking for a handout to continue the unsustainable levels of pay and benefits. Almost everyone I know makes less than an autoworker, and has a whole lot less job security. Why should they pay autoworkers for the privilege of making cars no one wants?"
- FOREIGN AUTOMAKERS DO FINE MAKING CARS HERE.
- IF GM AND FORD AND CHRYSLER CAN'T THEN EFF'EM.