Readers: According to Forbes:
Labor cost per hour, wages and benefits
for hourly workers.
($141,020 per year)
($146,520 per year)
$75.86 ($151,720 per
Toyota, Honda, Nissan (in U.S.):
$48.00 ($96,000 per
According to AAUP and IES, the average
annual compensation for a
college professor in
2006 was $92,973
nationally of $73,207 + 27% benefits).
The average UAW worker with
a high school degree
earns 57.6% more compensation than
the average university professor with a
Ph.D., and 52.6% more than the average
worker at Toyota,
Honda or Nissan.
Many industry analysts say the
Three, must be on par with Toyota and
Honda to survive. This year's contract,
they say, must be
"transformational" in reducing
pension and health care costs.
What would "transformational" mean? One
way to think about "transformational"
would mean that UAW workers, most with a
high school diploma, would have to accept
compensation equal to that of the average
university professor with a PhD.
Then there's the
When a D3
3 car maker) lays an employee off, that
employee continues to receive all benefits
- medical, retirement, etc., etc., PLUS an
hourly wage of $31/hour.
Here's a typical story....
Ken Pool is making good money. On
weekdays, he shows up at
7 a.m. at
Ford Motor Co.'s Michigan Truck Plant in
Wayne, signs in, and then starts working
-- on a crossword puzzle. Pool hates the
monotony, but the pay is good: more than
$31 an hour, plus benefits.
"We just go in and play crossword puzzles,
watch videos that someone brings in or
read the newspaper," he says. "Otherwise,
I just sit."
Pool is one of more
than 12,000 American auto workers
who, instead of installing windshields or
bending sheet metal, spend their days
counting the hours in a jobs bank set up
auto makers as demanded by the United Auto
Workers Union - UAW - as part of an
extraordinary job security agreement.
Now the D3 wants Joe Taxpayer to pick up
this tab in a $25 Billion bailout package
- soon to be increased to $45 Billion if
Nancy Pelosi and Hillary Clinton have
The "Big 3" want this money - not to build
better autos. No. They want it to pay
the tab for Medical and Retirement
benefits for RETIRED auto workers.
Not ONE PENNY would
be used to make them more competitive, or
to improve the quality of their cars.
ALL have problems paying for our Medical
Insurance - but the Democrat leaders in
Congress now want us to pay the Medical
Insurance premiums of folks who have
RETIRED from Ford, GM and Chrysler.
Your Loyal Editor