Excerpt Of The Day: How Unions Are Running The Big 3 Automakers Into The Ground

by John Hawkins | January 30, 2007 9:40 am

“According to the latest calculations, the gap between Japanese and American carmakers’ profits average out to about $2900 per vehicle, and the home team does not have the advantage.

A big reason is the cost of labor. As analyzed by Harbour-Felax, labor costs the Detroit Three substantially more per vehicle than it does the Japanese.

Health care is the biggest chunk. GM, for instance spends $1,635 per vehicle on health care for active and retired workers in the U.S. Toyota pays nothing for retired workers – it has very few – and only $215 for active ones.

Other labor costs add to the bill. Contract issues like work rules, line relief and holiday pay amount to $630 per vehicle – costs that the Japanese don’t have. And paying UAW members for not working when plants are shut costs another $350 per vehicle.” — Alex Taylor III[3]

Hat tip to Mickey Kaus[4] for the story.

Endnotes:
  1. 101 Things All Young Adults Should Know

    : https://www.amazon.com/Things-Young-Adults-Should-Know-ebook/dp/B06XY87BF4/ref=sr_1_1?ie=UTF8&qid=1497732830&sr=8-1&keywords=101+things+all+young+adults+should+know
  2. Buy Now: https://www.amazon.com/Things-Young-Adults-Should-Know-ebook/dp/B06XY87BF4/ref=sr_1_1?ie=UTF8&qid=1497732830&sr=8-1&keywords=101+things+all+young+adults+should+know
  3. Alex Taylor III: http://money.cnn.com/2007/01/26/news/companies/pluggedin_taylor_ford.fortune/index.htm?postversion=2007012611
  4. Mickey Kaus: http://www.slate.com/id/2158010/&#whatlibalterman

Source URL: https://rightwingnews.com/uncategorized/excerpt-of-the-day-how-unions-are-running-the-big-3-automakers-into-the-ground/


Excerpt Of The Day: How Unions Are Running The Big 3 Automakers Into The Ground

by John Hawkins | January 30, 2007 9:40 am

“According to the latest calculations, the gap between Japanese and American carmakers’ profits average out to about $2900 per vehicle, and the home team does not have the advantage.

A big reason is the cost of labor. As analyzed by Harbour-Felax, labor costs the Detroit Three substantially more per vehicle than it does the Japanese.

Health care is the biggest chunk. GM, for instance spends $1,635 per vehicle on health care for active and retired workers in the U.S. Toyota pays nothing for retired workers – it has very few – and only $215 for active ones.

Other labor costs add to the bill. Contract issues like work rules, line relief and holiday pay amount to $630 per vehicle – costs that the Japanese don’t have. And paying UAW members for not working when plants are shut costs another $350 per vehicle.” — Alex Taylor III[3]

Hat tip to Mickey Kaus[4] for the story.

Endnotes:
  1. 101 Things All Young Adults Should Know

    : https://www.amazon.com/Things-Young-Adults-Should-Know-ebook/dp/B06XY87BF4/ref=sr_1_1?ie=UTF8&qid=1497732830&sr=8-1&keywords=101+things+all+young+adults+should+know
  2. Buy Now: https://www.amazon.com/Things-Young-Adults-Should-Know-ebook/dp/B06XY87BF4/ref=sr_1_1?ie=UTF8&qid=1497732830&sr=8-1&keywords=101+things+all+young+adults+should+know
  3. Alex Taylor III: http://money.cnn.com/2007/01/26/news/companies/pluggedin_taylor_ford.fortune/index.htm?postversion=2007012611
  4. Mickey Kaus: http://www.slate.com/id/2158010/&#whatlibalterman

Source URL: https://rightwingnews.com/uncategorized/excerpt-of-the-day-how-unions-are-running-the-big-3-automakers-into-the-ground/