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I mean they make $28 bucks an hour which is $1000 bucks a week. People Im sorry but that is NOT a lot of money considering what things cost anymore.
In 2005, GM provided health and income benefits to more than 450,000 retirees and their surviving spouses, and retirees and their dependents outnumbered the company's active workforce by three-to-one. This imbalance will continue to grow as more and more retirees are supported by fewer and fewer workers, especially since a) nearly a third of GM's hourly workforce signed up for payout packages in 2006, resulting in even more retirees and fewer active workers, b) GM continues to lose market share (see graph above), and rising legacy costs get spread over fewer and fewer vehicles.
Bottom Line: The UAW is the most successful union in U.S. history, at achieving both higher-than-market wages and below-market productivity for its members, in the short run. But that very union success has now created the seeds of a powerful destruction that we are witnessing today, and in the long run the success of the UAW is destroying thousands and thousands, and maybe millions of union jobs, and is destroying many of the very companies that employs its members (GM, Ford and Chrysler).
Originally posted by 44soulslayer
You just don't get it.
Industrial workers have for a long time (since the Soviet Revolution actually) enjoyed an image of being hard working lower class people who "deserve" higher wages.
Lets take a look at modern American society. Each child has access to a similar quality of education via a fantastic public school system. Each child has a great opportunity at making the most of his intrinsic abilities in America- it is still the land of opportunity.
So why do some become lowly-skilled menial workers in auto plants? Why must they then be paid more than they are "worth"?
The fat cats at the top are paid that well for a reason - there is only one CEO. He has outperformed his peers from the day he was a little kid and ended up the leader of a major corporation. The floor worker on the other hands is amidst a rank of millions. Imagine that... to deliver a $100 dollar christmas bonus to its workers, the America auto industry would have to shell out $300 million dollars!
Its simple meritocracy really. Engineers, designers, financiers, management are all paid more because they are better, more skilled and were more ambitious than the floor worker; and because they are far fewer in number. Any man can wield a wrench, but how many can design a car that is aerodynamically efficient?
The auto unions were demanding something that was not deliverable in the long term. You cannot expect to run an efficient business if you have to over-pay for sub-par talent. If the American workers refused to work, the automakers could well have just hired immigrant labour for a fraction of the price.
That is where the cushy job culture expected by unionistas fails. They simply dont understand the nature of the modern world. Either they work for a fairer price, or there is someone lined up to do the job better than them at a fraction of the cost. To me 48k USD (£34k) per annum is more than fair for a floor worker.
Ultimately the discussion is somewhat moot. If the unions don't drop their outdated and ridiculous pay demands, they will be out of a job. As it stands the Japanese offer better quality and better prices... I don't really know why anyone would buy a bloated truck from a bloated company like GM.
In modern times the auto-worker is not some frugal workhorse, powering the factory engines of the nation. The auto-worker in America today is an over-paid, underproductive dinosaur that needs a drastic lesson in efficiency.
[edit on 12-12-2008 by 44soulslayer]
Originally posted by mikellmikell
Ehat they don't mention is that GM has not been paying into the fund for years and thats why they owe so much. When a retire starts collecting social security that ammount is deducted from their retirement and a surviving spouse only gets 1/2 of the retirement. Blaming the union is the tactic they like to use to make people mad.You don't see them asking mamagement to take a pay or benifit cut do you.
mikell
a surviving spouse only gets 1/2 of the retirement.
Originally posted by rizla
3 trillion dollars for Wall Street, no questions asked. Think of all those lucky rich investors. It's Socialism for the rich and hard 'capitalism' (i.e. a system of cartels that fix prices which is not capitalism) for the not rich. We are moving back to the days the Victorian era.
Originally posted by forshow
I just want to say i dont know how much things there in the U.S but over here it cost me and my partner 90 pounds =134.58 dollars every 3-4 weeks in food shopping.
petrol here in the uk is 90p per LITRE = 1.35 DOLLARS a litre, which works out Per gallon that is around the 6.20 dollars in us.
Whos being screwed???
668.76 per WEEK ( in pounds) You are saying is not enough??
Are you kidding me? average wage here is 6 pound per hour so 6 pounds x 9 hours a day = 54 pounds a day = 80.75 dollars
in one week we would earn 270 pounds
in dollars = thats 403.73 dollars.
so not being funny if i was on 668.76 pound a week id be living in a mansion here.
Crazy how two countrys use money
Originally posted by mybigunit
Can you expect to run a business with shotty management?
Originally posted by stikkinikki
$135 for 3-4 weeks of food is fantastic. That would be near impossible to do here without eating smack ramen noodles all day.