Missions accomplished! From the American Conservative.


Connecticut Man1 said...

Whomever told you about the high pay of GM workers forgot to mention the formula they used to come to those numbers. From a 2006 CNN article:

"The top pay for a GM hourly employee is $27 an hour, but with benefits and future health care costs GM estimates that hour of work costs the company $73.73. The flat wage works out to about $56,000 a year before overtime, so those taking a $140,000 buyout would get about 2-1/2 years of pay in the lump sum."

By that crazy way of figuring a salary EVERYONE EVERYWHERE with benefits and a retirement plan is a millionaire already, eh?

Just thought you would be interested. And thanks for the comment at my Blog. :)

PALGOLAK said...

Thank you, Connecticut Man1, for helping me understand the math behind the quoted figures.

(Connecticut Man1 is referring to a comment I made on one of his postings.)

Still, it just doesn't make any sense to me that Canadian autoworkers make more an hour than US autoworkers. It is flabbergasting...