Hilarious! Not basically true, people bought/buy lots of cars from the Big 3; and they have comparable quality and reliability these days. They’re failing because they spend so much more on UAW workers, e.g. Ford spends $69/hr on workers as opposed to $48/hr for Toyota. It is really hard to make up that difference. (Note that I surely don’t think the .gov should be making it up out of my pocket.)
They’re failing because they spend so much more on UAW workers, e.g. Ford spends $69/hr on workers as opposed to $48/hr for Toyota. It is really hard to make up that difference. (Note that I surely don’t think the .gov should be making it up out of my pocket.)
This isn’t entirely true, according this article. From the article:
Myth No. 7: Their union workers are lazy and overpaid
Reality: Chrysler tied Toyota as the most productive automaker in North America this year, according to the Harbour Report on manufacturing, which measures the amount of work done per employee. Eight of the 10 most productive vehicle assembly plants in North America belong to Chrysler, Ford or GM.
The oft-cited $70-an-hour wage and benefit figure for UAW workers inaccurately adds benefits that millions of retirees get to the pay of current workers, but divides the total only by current employees. That’s like assuming you get your parents’ retirement and Social Security benefits in addition to your own income.
Hourly pay for assembly line workers tops out around $28; benefits add about $14. New hires at the Detroit Three get $14 an hour. There’s no pension or health care when they retire, but benefits raise their total hourly compensation to $29 while they’re working. UAW wages are now comparable with Toyota workers, according to a Free Press analysis.
I know a bunch of people that work for GM. With the exception of execs and engineers, I doubt any of them make $69/hour.
I can haz hi-res nao?
OK. The source is this:
http://buffalobeast.com/133/
And if you download the PDF version, and scroll to the last page, the image is there.
And if you have a good PDF viewer that lets you snag screenshots, you can get a higher-res version for printing.
And maybe you feel the need to post it on your wiki so others can download it, print it out and maybe stick in on lightpoles, etc.
http://richbellamy.com/mw/images/a/af/Big_Three_Bailout.jpg
It doesn’t get much better than that. +1 to who ever came up with that one.
Hilarious! Not basically true, people bought/buy lots of cars from the Big 3; and they have comparable quality and reliability these days. They’re failing because they spend so much more on UAW workers, e.g. Ford spends $69/hr on workers as opposed to $48/hr for Toyota. It is really hard to make up that difference. (Note that I surely don’t think the .gov should be making it up out of my pocket.)
They’re failing because they spend so much more on UAW workers, e.g. Ford spends $69/hr on workers as opposed to $48/hr for Toyota. It is really hard to make up that difference. (Note that I surely don’t think the .gov should be making it up out of my pocket.)
This isn’t entirely true, according this article. From the article:
Myth No. 7: Their union workers are lazy and overpaid
Reality: Chrysler tied Toyota as the most productive automaker in North America this year, according to the Harbour Report on manufacturing, which measures the amount of work done per employee. Eight of the 10 most productive vehicle assembly plants in North America belong to Chrysler, Ford or GM.
The oft-cited $70-an-hour wage and benefit figure for UAW workers inaccurately adds benefits that millions of retirees get to the pay of current workers, but divides the total only by current employees. That’s like assuming you get your parents’ retirement and Social Security benefits in addition to your own income.
Hourly pay for assembly line workers tops out around $28; benefits add about $14. New hires at the Detroit Three get $14 an hour. There’s no pension or health care when they retire, but benefits raise their total hourly compensation to $29 while they’re working. UAW wages are now comparable with Toyota workers, according to a Free Press analysis.
I know a bunch of people that work for GM. With the exception of execs and engineers, I doubt any of them make $69/hour.