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There is a lot of mis-information being circulated.... Posted by MI-Roger [Email]  (#882) [Profile/Gallery]
(more from MI-Roger) on Mon, 15 Dec 2008 13:03:34
In Reply to: Two-tiered wages, long term liabilites, etc., Bill Homer  [Profile/Gallery]
, Mon, 15 Dec 2008 06:13:32
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And there are liberties being taken with the definitions of words. When defining wages as the hourly rate of pay an active employee receive by an auto manufacturer, then TG's comments are probably accurate. But is this based upon the "old UAW wage scale", the "new lower UAW wage scale", an accurately derived weighted average of the two wage scales? Too many questions and not enough foot-notes attached to the numbers
The $70/hour figure appears to include the money paid to provide employees with Health Care, and may include pension payments for retired employees. If the captive foreign manufacturers (Honda, Toyota, Nissan, etc.) are not providing health care for their employees and are using the US Medicare program to their advantage, the $70 to $29 comparison is not valid.
I have heard (again trying to be careful of rumors) that one of the major Japanese manufacturers only has 40 US retirees! Although their number of retirees will soon begin to increase substantially as the young people they hired 20 years ago continue to age, it is impossible to form any direct valid comparison with 40 retirees in one company and maybe 100,000 in another.
The simplest and most accurate apples-to-apples comparison appears to be the numbers quoted by TG. But so many different groups are spouting wildly varying numbers to justify their own agenda, that I am not certain where the truth lies.
Is there any truth to the $70 value?
How much of these other costs (the difference between the $70 and $29 values) are legitimate compensation?
What should these legitimate other compensation costs be compared against to create a fair and comprehensive comparison?
I don't have the answers to these questions, but I seriously doubt we have been told a complete and inclusive truth.
posted by 24.23.71...
_______________________________________ Saabs owned: 2008 9-5 Aero Sedan, sold at 227K miles 2006 9-3SC 2.0T - Wife's daily driver 2000 Viggen Convertible - Sold May, 2022 1964 Quantum IV Formula Car - Retirement project 2000 9-5lpt Sedan, sold at 318K miles
, Sat, 13 Dec 2008 14:37:13
, Sat, 13 Dec 2008 14:49:43, Sat, 13 Dec 2008 19:55:32, Tue, 16 Dec 2008 17:14:09, Sat, 13 Dec 2008 21:42:11, Wed, 17 Dec 2008 16:45:59, Wed, 17 Dec 2008 20:52:41, Sun, 21 Dec 2008 13:37:31, Sat, 13 Dec 2008 11:22:16, Sat, 13 Dec 2008 14:06:07
, Sat, 13 Dec 2008 11:34:23, Mon, 15 Dec 2008 06:13:32, Mon, 15 Dec 2008 13:03:34 <-- Viewing This Message, Sun, 14 Dec 2008 12:08:00
, Sat, 13 Dec 2008 08:13:23, Sat, 13 Dec 2008 09:44:43
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