https://www.washingtonpost.com/opinions/2023/09/19/uaw-strike-demands-too-high-automakers/
From Catherine Rampell:
[R]ight now, the Detroit Three automakers shoulder about $64
per hour per worker, including all wages and benefits. The UAW’s suite of
compensation-related demands would roughly double that total hourly
labor bill to about $130, according to calculations from Colin Langan, an
analyst at Wells Fargo.
Now consider these firms’ competitors. Foreign automakers
operating in the United States (Toyota, Hyundai, etc.) pay their workers about
$55 per hour all in. Tesla is estimated to pay workers somewhere in the
mid-$40s.
In other words, the legacy manufacturers are already at a significant cost disadvantage compared with their biggest competitors. Doubling employees’ total compensation costs would make them even less competitive.
Great fun listening to Sirius XM's top 60 one-hit wonders of the 60s (listener poll). The names of the artists and groups made me smile each time. I'll offer the top ten here (artists only). You know the songs.
ReplyDelete10. Buffalo Springfield
9. Spiral Staircase
8. Stone Poneys
7. Barry McGuire
6. Richard Harris
5. Mason Williams
4. Marilee Rush
3. Cascades
2. Zager and Evans
1. Safaris
My favorites: 3, 9, and 10.
Delete