Friday, November 14, 2008

What's wrong with the U.S. automakers, in three sentences

Not really complicated:
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.


  1. Look a little deeper.

    Not 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.

  2. Maybe we only need two major automakers.
    I 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.