GM officials say the average UAW reaches $39.68 an hour, with another $33.58 an hour for benefits. So that's $82,500.00 a year gross wages with $69,700.00 a year for benefits or $152,000 that the Auto industry pays for each worker.
Some US manufactures of auto-mobiles are not doing well. Depending upon what you read this is attributed to any number of things. The entire auto-mobile industry is not having the same problems. VW is up %15, China auto-makers are said to be looking to buy GM, Toyota and Honda are also doing well.
Some people think that regulation to make autos Greener is needed. Time Magazine
I think the national average wage being 40,405.48 and the high cost of labor making cars has something to do with it.
1 comment:
Here's my bailout plan----we need an auto manufacturer in case of war...As the government, put out a request for bids on a huge gov't contract for a variety of cars---ultra efficient, some trucks, maybe some buses. Let the auto companies bid the contracts. What they do with their money (infrastructure, unions, whatever) is up to the company. Make some damn cars.
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