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No, see, people have the figure wrong. It costs GM $73/hour for labor because GM is still supporting retirees (that retire early, at age 50) with health care an
by redrobot5050 18y ago
No, see, people have the figure wrong. It costs GM $73/hour for labor because GM is still supporting retirees (that retire early, at age 50) with health care and a 70% salary pension. To cover those costs, for some reason, they cover it as "labor costs",
This makes the union look bad, while simultaneously ignoring the fact that GM made tons of crap vehicles nobody wanted and has never tried to innovate.