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View Diary: The $70-Per-Hour Lie (353 comments)

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  •  So Makes vs Costs (0+ / 0-)

    Each employee Makes $70.00/Hour False
    Each employee Costs $70.00/Hour True

    The GOP has resorted to Cannibalism. Please send Condiments to GOP HQ

    by JML9999 on Fri Nov 21, 2008 at 07:12:25 PM PST

    •  No (4+ / 0-)
      Recommended by:
      vets74, JML9999, mayim, dansmith17

      The employer has a contractual obligation to pay for pension and health costs for retired workers. They are taking that obligation and posting it as a current cost against labor hours. Its not. Those are sunk costs. If they closed the plant, laid everybody off and stopped selling cars they would still owe those costs. Those guys have already built generations of cars. The guy who put the cool trim on the 1960 Buick draws that money until he dies. The other guy, who is putting the less cool trim on the 2008 Buick, doesn't get a penney of it but the $76 number is being charged to him. Its a lie.

      "If I pay a man enough money to buy my car, he'll buy my car." Henry Ford

      by johnmorris on Fri Nov 21, 2008 at 08:05:30 PM PST

      [ Parent ]

      •  Retirement funding WAS in good shape. (1+ / 0-)
        Recommended by:
        JML9999

        When those investments tanked, that's when the burden on cars went sky high.

        BTW: health care for retirees has been a burden for years. Current workers get hacked, too.

        Funding law was always a mess, from what I understand. For health care.

        When the now-defunct Blue Cross Blue Shield of Northern Ohio wrote a buggy claims/eligibility system -- hideously bad programming, weak QA, lying managers -- UAW was able to get coverage pulled. That was in the 1990s.

        Health care for UAW people has been one battle after another.

        Droogie is as Droogie does....

        by vets74 on Sat Nov 22, 2008 at 05:31:37 AM PST

        [ Parent ]

    •  What about Workers' Comp? (0+ / 0-)

      Is workers comp insurance included in the cost?  Depending on their claims, this could be a major factor.

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