[quote=CardiffBaseball]…
When I was a little toddler he was probably making $4-5 per hour, and by the time he retired, I’d guess he was up around $25/hour. I don’t think these people are living high on the hog at all. … [/quote]
That’s cuase they report $73/hour in wages in benefits.
In reality, average wages are $28/hour.
Which means $45/hour are benefits. Medical, retirement, etc. That’s for the 350,000 employees and the ONE MILLION retires and dependents.
Which really means, GM has mismanaged the pension plans and is playing catch up.
So it’s $28/hour for the worker. Another $15 or so in retirement contributions and health coverage and another $10 for the 1st retiree, another $10 for the 2nd still living retiree, and another $10 for the third retiree’s still living dependents…
