Tuesday, December 09, 2008

UAW Workers Actually Cost the Big Three Automakers $70 an Hour

Tell me again how the US auto workers are a competitive work force??

UAW Workers Actually Cost the Big Three Automakers $70 an Hour

by James Sherk

The United Auto Workers (UAW) wants Congress to bail out General Motors, Ford, and Chrysler to prevent their undergoing restructuring in bankruptcy proceedings. In bankruptcy, a judge could order union contracts to be renegotiated to reflect competitive realities. Many analysts have objected that hourly autoworkers at the Big Three are some of the most highly paid workers in America, costing the Big Three over $70 an hour in wages and current and future benefits. All taxpayers should not be taxed to preserve the affluence of a few.

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