Thursday, December 04, 2008

Autoworkers Don't Make $73 an Hour

So stop saying it.

In fact, according to General Motors, the figure representing the hourly cost of labor to automakers -- which GM puts at $69 -- includes not only current workers' hourly wages and benefits, such as health care and retirement, but also retirement and health-care benefits that U.S. automakers are providing for retirees.

Is that too hard to understand?


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