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mjperry.blogspot.com - 11/10/2008

Should We Really Bail Out $73.20 Per Hour Labor?

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The chart above shows average hourly compensation ( additional data source here ) for the Big Three ($73.20) and Toyota ($48.00), compared to average hourly compensation for Management and Professional Workers ($47.57), Manufacturing/Goods Producing ($31.59) and all workers ($28.48), ...

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Why Bailout a Company With Bloated Compensation?
Boots and Sabers — ... Mark Perry makes a great point. image Should U.S. taxpayers really be providing billions of dollars to bailout companies (GM, Ford and Chrysler) that compensate their workers 52.5% more than the market (assuming Toyota wages and benefits are market), 54% more than management and professional workers, 132% more than the average manufacturing wage, and 157% more than the average compensation of all American workers? Maybe the country would be better off in the long run if we let the Big Three fail, and in the process break the UAW labor monopoly, and then let Toyota, Honda ...

Question of the day
SCSUScholars — Should We Really Bail Out $73.20 Per Hour Labor? Should U.S. taxpayers really be providing billions of dollars to bailout companies (GM, Ford and Chrysler) that compensate their workers 52.5% more than the market (assuming Toyota wages and benefits are market), 54% more than management and professional workers, 132% more than the average manufacturing wage, and 157% more than the average compensation of all American workers? Maybe the country would be better off in the long run if we let the Big Three fail, and in the process break the UAW labor monopoly, ...

Amanda Carpenter: $73/Hour Bailout
Townhall.com Blog's TownHall Blog — ... Detroit hasn't been making cars people want to buy and was catering to Big Labor demands long before the mortgage crisis hit. It's no wonder why they aren't competitive anymore. (I say this as a Flint, Michigan native.) Mark Perry of the wonderful Carpe Diem blog put together this chart showing the inflated wages the Big Three automakers pay over their competitors. Big Three union workers, with their gold-plated health care plans, make about $73 an hour in total compensation. And, now they're begging Washington for a bailout before they even think about negotiating with the ...

Making Dearborn Independent
Hit & Run — ... , Mark Perry, professor of economics at the Flint campus of the University of Michigan, argues that "Maybe the country would be better off in the long run if we let the Big Three fail, and in the process break the UAW labor monopoly, and then let Toyota, Honda and Volkswagen take over the U.S. auto industry, and restore realistic, competitive, market wages to the industry." He provides this helpful chart (which is further explained ...