FOX News yesterday proclaimed on the web:
The new GM deal would raise labor costs from $55 to $60 an hour, a 9 percent hike, according to a study of the deals from Kristin Dziczek of the Center for Automotive Research and Art Schwartz, a former GM labor executive and president of Labor and Economic Associates. The union contract at Ford also reached the $60 hourly rate over the next four years, a 5 percent increase from its current rate of $57. Those hikes pale in comparison with Chrysler, where average hourly wages will spike nearly 20 percent from $47 to $56.
Imagine “average hourly wages of $56” at Chrysler and equally high “labor costs” at GM and Ford. That $56 an hour times 40 hours times 52 weeks, equals $116,480 a year! What a great job – fantastic pay!
The turkeys at FOX News consider this the reason cars cost so much and will cost even more. They even printed (and so authorized by moderation) this comment on the website story:
Well, here comes the NEXT set of lost Manufacturing Jobs in America. Either it will come by NON-USA cars being made overseas because of the price or More Robots will be doing their job.
I have watched these Assembly lines making cars on TV – – Not sure it takes a $124,800 (no overtime) person to do it (plus the best Insurance and benefits, probably puts it over $150,000) to do what I saw.
I am happy for them but everyone must be realistic – – you can price yourself out of a job if you get too greedy. This sounds a bit greedy. Not sure it takes a Master degree in engineering to do this job, and I know lots of Engineers that would love to make this much.
And this gem:
Democrat definition of a living wage. Making $60/hour to do a job that a trained monkey could do, soon to be replaced by robots.
And this one:
Union workers are remarkably stupid. History is going to repeat itself here. Unions priced workers right out of work before and are well on their way to doing it again. But union bosses keep raking it in, don’t they? Union workers will get what they deserve.
However, the article is a big lie….
The Kristin Dziczek quoted by FOX News explains what the corporate shills Continue reading “FOX News lies about auto worker hourly wages”