Countdown: Worst Person Nov. 26, 2008 (the $70 Per Hour Auto Worker Media Myth)

[DainBramaged]

Run time: 03:37 https://www.youtube.com/watch?v=7lu36CLLrhU   Posted on YouTube: November 27, 2008 By YouTube Member: Views on YouTube: 0   Posted on DU: November 28, 2008 By DU Member: DainBramaged Views on DU: 1806

 
Countdown: Worst Person Taking on the $70 Per Hour Auto Worker Media Myth

[HopeFor2006]

1. Unbelievable!

Thank goodness for KO!

[Historic NY]

2. Its become a Repuke talking point, of course we won't see a correction

[DainBramaged]

5. Just like the criticism of Barack, they are relentless scumbags

[JoeySoCal]

3. Thank god for Keith Olbermann

I am so so so so so so so sick of hearing two crapping points:

* Center-Right Country.

and

* It's the worker's faults for making so much money. (Um, the executives make an average 400 times what the workers do you F!*&*%g Dildos!!!!!!!!) Rush Limbaugh, John and Ken, Oreilly, FAUX, STFU you lying sniveling hypocrit canards !!!!

[Career Prole]

4. Hear, hear!

That was much needed. Thanks for posting it.

[1monster]

6. Didn't I read here on DU (linked to an article) that new auto workers are making only $14 per hour?

Then with benefits, they may be making $24 per hour, if that.

Since workers generally contribute to their benefits, ie. health coverage and retirement pensions, the hourly pay packet is probably smaller. Of course, those figures are BEFORE taxes, too.

[DainBramaged]

10. That is correct, new hires get shit for their jobs

[Bozita]

7. Here's the source of KO's information ...

http://www.tnr.com/politics/story.html?id=1026e955-541c-4aa6-bcf2-56dfc3323682

THE NEW REPUBLIC
Assembly Line
by Jonathan Cohn
Debunking the myth of the $70-per-hour autoworker.
Post Date Friday, November 21, 2008



If you've been following the auto industry's crisis, then you've probably read or heard a lot about overpaid American autoworkers--in particular, the fact that the average hourly employee of the Big Three makes $70 per hour.

That's an awful lot of money. Seventy dollars an hour in wages works out to almost $150,000 a year in gross income, if you assume a forty-hour work week. Is it any wonder the Big Three are in trouble? And with auto workers making so much, why should taxpayers--many of whom make far less--finance a plan to bail them out?

Well, here's one reason: The figure is wildly misleading.

Let's start with the fact that it's not $70 per hour in wages. According to Kristin Dziczek of the Center for Automative Research--who was my primary source for the figures you are about to read--average wages for workers at Chrysler, Ford, and General Motors were just $28 per hour as of 2007. That works out to a little less than $60,000 a year in gross income--hardly outrageous, particularly when you consider the physical demands of automobile assembly work and the skills most workers must acquire over the course of their careers.

more...

[Joanne98]

8. I posted this on the Yahoo GM finance forum

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_G/forumview?bn=7869

It's full of freepers bashing the auto workers

[DainBramaged]

9. A LOT of people here bash the auto workers

:hi: