So lets play with a little math and give them all the benefit. It turns out that a low ball estimate of the GM CEO salary per year is still over 100x higher than the fake salary Fox News is asserting that workers make. So even if the $70/hour were true, why is it the workers who need to make so many concessions?
So lets take the inflated calculation of $70/hour and say people work 8 hours a day, 5 days a week, 48 weeks per year:
70*8*5*48 = $134,400
No doubt a nice salary per year (except that's not what they're taking home)
Now lets take a low ball estimate of GM's CEO, not including retirement benefits or bonuses or anything
http://www.aflcio.org/...
The SEC says $14,415,914
That is 107x more what their worker makes. That is by maximizing payment to the worker and not including any benefits to the CEO.
So even if that were true the $70/hour, the workers don't need to be making the concessions here.
CEO pay
In 1980, on average, the CEOs of the biggest U.S. companies were paid 40 times as much as hourly wage earners at their companies. Now that number is approaching 500 times as much.
"What's disturbing is that so many companies paying astronomical rates have performed poorly," said Jeff Sonnenfeld, associate dean of the Yale School of Management
So even using their numbers why should workers take a hit?