04-11-2009, 07:07 AM
Buckeye_Sean wrote:
I believe what was stated was a bit mis-interpreted. It was recently reported that it COSTS GM $70/hr. on average for each worker's pay AND benefit package. (The cost of an employee to the company isn't only in their salary.)
Yeah, the way the schmucks calculated it was deliberately skewed. They took all of the benefits for all workers, present and retired, and pro-rated it across the range of present low-wage employees to make their compensation seem greater. The story was then taken up by the auto-makers without criticism because it made them appear more sympathetic.
'Interesting to see how a dumb lie becomes "common knowledge."