UAW workers create over $200 in wealth an hour each - even after they retire

[SmileyRose]

even the bloated sums put out by anti- union corporatists put the entire labor cost of UAW workers at $72 an hour - to get that figure they actually add in the cost of retired workers and of maintaining the bathrooms for worker use during the workday. (see RushHannity Inc)

this means that my retired uncle, who's retirement costs are included in the average hourly wage of UAW workers is STILL making Ford Motor company $200 an hour. And for those married workers who die and their widow gets medical care and a small stipend, SHE (or he) is STILL making Ford $200 an hour. '

So you have to ask yourself, really, how much money DOES the Big 3 make per hour off those actively working hourly workers?


And then you ask yourself, how can union workers be the problem.

http://www.uaw.org/barg/07fact/fact02.php

[dana_b]

1. they aren't the problem

it's their damn bosses and lack of foresight. I loved my union (when I was in one).

[sandnsea]

2. Tax credits for deisels

Find out who dreamed up that brilliant idea about ten years ago, and you've got your culprit.

[crispini]

3. How is it possible for someone who is retired to continue creating wealth?

I'm just asking.

[SmileyRose]

5. accounting

The figures sighted for the Big 3 labor costs take everything they can possible dream up as a labor cost for said year and divide it by how many man hours were worked by all active workers in said year. They use the payout figure from the pension trust fund not the amount of money originally put into the trust fund for retired workers.

In addition, the hourly figure on how much wealth is created is based on total wealth created by man hours worked by all active workers in a given year. Some of that wealth is created by the big 3 using deferred pay as an investment before a portion of it is put into the pension fund per government regulations. Since retired workers deferred pay for 30 years or more, only some of which is required to be put into the pension trust fund, they continue to earn wealth for auto companies even after their deaths -- especially if they did not live long enough to benefit from the entire amount of wealth created by their contributions to the pension fund.

[hughee99]

4. So by my calculations

a worker generates 200 x 8 (hours a day) x 5 (days a week) x 52 (weeks a year) = $416,000 per year for Ford Motor company. All Ford needs to do to increase revenues is to hire more workers. If they just hire 24000 workers, the can generate an extra 10 billion in revenue. Right?

[ConsAreLiars]

6. Uhh, No.

If they are ordered to produce garbage that won't sell, the company won't make more money by making more garbage.

But you knew that, didn't you.

[hughee99]

10. I did, but aren't number fun to play with :)

[SmileyRose]

7. yes !!

and if we complete drop all federal taxes, all of them, then the revenues to the federal treasury will skyrocket beyond all belief. Because we all know cutting taxes creates more wealth too.

Snark.

:)

[DireStrike]

9. Diminishing returns and market share say no. -nt-

[gravity]

8. I don't believe those numbers

They had to be cherry picked when the big 3 were pumping out expensive SUVs.

If the workers were really bringing in that much wealth, the auto companies wouldn't be in trouble at all.