No Wonder US Car Companies Cant operate

Wednesday, July 11, 2007
Transformational UAW Deal? Accept Professors' Pay

According to Forbes:

Labor cost per hour, wages and benefits for hourly workers, 2006.

Ford: $70.51 ($141,020 per year)

GM: $73.26 ($146,520 per year)

Chrysler: $75.86 ($151,720 per year)

Toyota, Honda, Nissan (in U.S.): $48.00 ($96,000 per year)

According to AAUP and IES, the average annual compensation for a college professor in 2006 was $92,973 (average salary nationally of $73,207 + 27% benefits).

Bottom Line: The average UAW worker with a high school degree earns 57.6% more compensation than the average university professor with a Ph.D. (see graph above, click to enlarge), and 52.6% more than the average worker at Toyota, Honda or Nissan.

Many industry analysts say the Detroit Three, and especially Ford, must be on par with Toyota and Honda to survive. This year's contract, they say, must be "transformational" in reducing pension and health care costs.

What would "transformational" mean? One way to think about: "transformational" would mean that UAW workers, most with a high school degree, would have to accept compensation equal to that of the average university professor with a Ph.D.

 

Source, please ?

 

Simply amazing.

So I need to review my constant fussing to the local children about staying in school and getting an education?

Heres something that popped into my head.... How much did the average lawyers working on those behemoth contracts make annually?

 

OK, I'm not accusing anybody of anything, but I would like to know why J/C won't give Dr. Mark Perry credit for his words......since he wrote the entire post.

 

I go to church on Sunday morning.

 

So do I.


You have a habit of leaving important links out. Why don't you take this opportunity to correct your mistake, instead of impying you can't ?