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November 17, 2008 at 8:50 PM in reply to: OT: The nail is on the coffin…UAW leader says no more concessions #306586November 17, 2008 at 8:50 PM in reply to: OT: The nail is on the coffin…UAW leader says no more concessions #306600
no_such_reality
Participant[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…
November 17, 2008 at 8:50 PM in reply to: OT: The nail is on the coffin…UAW leader says no more concessions #306618Participant[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…
November 17, 2008 at 8:50 PM in reply to: OT: The nail is on the coffin…UAW leader says no more concessions #306679Participant[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…
Participant“Whether you like it or not”
Participant“Whether you like it or not”
Participant“Whether you like it or not”
Participant“Whether you like it or not”
Participant“Whether you like it or not”
ParticipantI have an idea.
Let’s regulate Joe Sixpack.
You see, Joe Sixpack is the problem.
Joe Sixpack borrowed the money.
Joe Sixpack can’t pay it back.
Simple solution, Joe Sixpack doesn’t get to borrow any more…
Oh wait, Joe Sixpack won’t admit he’s the real culprit. Oh no, it’s greedy wall street bankers, not Joe Sixpack. Joe Sixpack just wanted his house to buy him a whole remodel, and a boob job for the wife, and a new SUV, and a big Z71 truck, and boat.
ParticipantI have an idea.
Let’s regulate Joe Sixpack.
You see, Joe Sixpack is the problem.
Joe Sixpack borrowed the money.
Joe Sixpack can’t pay it back.
Simple solution, Joe Sixpack doesn’t get to borrow any more…
Oh wait, Joe Sixpack won’t admit he’s the real culprit. Oh no, it’s greedy wall street bankers, not Joe Sixpack. Joe Sixpack just wanted his house to buy him a whole remodel, and a boob job for the wife, and a new SUV, and a big Z71 truck, and boat.
ParticipantI have an idea.
Let’s regulate Joe Sixpack.
You see, Joe Sixpack is the problem.
Joe Sixpack borrowed the money.
Joe Sixpack can’t pay it back.
Simple solution, Joe Sixpack doesn’t get to borrow any more…
Oh wait, Joe Sixpack won’t admit he’s the real culprit. Oh no, it’s greedy wall street bankers, not Joe Sixpack. Joe Sixpack just wanted his house to buy him a whole remodel, and a boob job for the wife, and a new SUV, and a big Z71 truck, and boat.
ParticipantI have an idea.
Let’s regulate Joe Sixpack.
You see, Joe Sixpack is the problem.
Joe Sixpack borrowed the money.
Joe Sixpack can’t pay it back.
Simple solution, Joe Sixpack doesn’t get to borrow any more…
Oh wait, Joe Sixpack won’t admit he’s the real culprit. Oh no, it’s greedy wall street bankers, not Joe Sixpack. Joe Sixpack just wanted his house to buy him a whole remodel, and a boob job for the wife, and a new SUV, and a big Z71 truck, and boat.
ParticipantI have an idea.
Let’s regulate Joe Sixpack.
You see, Joe Sixpack is the problem.
Joe Sixpack borrowed the money.
Joe Sixpack can’t pay it back.
Simple solution, Joe Sixpack doesn’t get to borrow any more…
Oh wait, Joe Sixpack won’t admit he’s the real culprit. Oh no, it’s greedy wall street bankers, not Joe Sixpack. Joe Sixpack just wanted his house to buy him a whole remodel, and a boob job for the wife, and a new SUV, and a big Z71 truck, and boat.
ParticipantIt will have no effect on the decline of home prices.
None.
Nada.
Zippo.
Prices are still going back to were your income, now and in the future including real debt payments and higher taxes, can pay the mortgage and taxes.
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