Quote:
Originally Posted by Tully Mars
Well lets see...
28X40=1120
1120 a week
52 weeks a years
1120X52=58240
Seems a lot closer to 60K then 45K
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taken from
shrinking gm means pain for factory families
GM vs. Toyota
GM and Toyota are the two biggest car companies in the world. We compare them side-by-side:
Average assembly line wage
GM: $31.35 per hour
Toyota: $27 per hour
Health Care Costs per Vehicle (2004)
GM: $1,525
Toyota: $201
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OK, just using this information the average GM assembly line worker makes 31.35 per hour. Now take into account how much of that goes to the Union, and then take into account the plant closures annually for retooling and updating of the equipment, so line workers only get 70% or so of their base salaries durring the retooling period as part of the agreement with the manufacturers.
This means that after you figure everything into it, most workers at the plants are making more like $18-20 an hour when compared to what the average US employed blue-collar worker gets. So annual salaries are more along the lines of $36,500 per year.
I see alot of people talking about how the plants are being shut down and all with the low economy.....the truth is that EVERY year the plants are shut down around X-mas, and are closed for up to 4 weeks for equipment retooling, etc. The manufacturers are adding an extra week or two to the already SCHEDULED plant shut downs due to the economic slump to help curb costs.