Auto Bailout
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All Comments (9)
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I'm sorry but even with your figure of about $60,000+bonuses a year for an entry level job that any dip shit could do with two weeks of training is absurd.
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I hope the auto industry in America goes under. All they produce is high priced crude cars that make us go to war. The is not America anymore, its the world bank. We are slaves and our children die for the sake of some new world order. Think about. Why is are economy really suffering? The AUTO INDUSTRY and oil patents. You are victoms of your own demise as it should be. Destroy the oil and auto industries and you will suddenly find REAL electric cars and no more 911 wars.
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I work for ford and we don't make no friggin $74.00 an hour. We are right at $28.00 an hour. If it comes down to medical insurance bringing our wages up to $74.00 then whats the real problem here? If insurance cost 46.00 an hour ummmmmm. And your average american figure was just the hourly wage right? You forgot to add the cost to insure them, right? We dont make no $142,000 a year.... Whackout
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Awesome!
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or = of
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this really misses the mark
they are not giving a "bridge loan" (yes, you heard, that is what it is) to the workers
it is going to the companies
your whole premise stinks or misinformation
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I don't like these bailouts either
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Labor costs and pay are two different things. The costs considers the pension costs of all retired employees. In the auto industry the number of retirees has increased significantly as efficiency of production, longer lasting vehicles(reducing demand), and competition have forced many people into early retirement.
Hourly pay is closer to the $25 hr. rate, but that is still about 3 times higher than what most of the jobs in my area pay.
thoughtchallenge 3 years ago
The numbers come from SEC filings, and both auto rates and average rates include benefits for current employees.
Unless the Big 3 are submitting false reports to the SEC the amounts they report are not suppose to include the cost of paying health benefits and pensions to current retirees.
MainstreetEconomics 3 years ago