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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.(Via Charlie Martin.) If the Democrats in Congress really want to save the U.S. auto industry, that's not really complicated, either: A nation right-to-work law.
Chinese port traffic slows to a standstill – port workers forced into 10%
pay cut
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China is going down like the paper tiger they have always been, and that’s
a good thing… It’s so desperate
The post Chinese port traffic slows to a stand...
5 hours ago
Look a little deeper.
ReplyDeleteNot only is hourly-comp high--but the ratio of white-collar/blue-collar in the Bigs is astronomical in comparison to any other manufacturing biz in the USA.
Maybe we only need two major automakers.
ReplyDeleteI love these Media Electoral College clowns who speak as if these bazillions of jobs will vanish in a puff, and the market won't come up with a more competitive company to fill the vacuum.