According to a NYT article
(http://www.nytimes.com/2008/12/10/business/economy/10leonhardt.html?_r=2&em)
auto worker pay is as follows:
The first category is simply cash payments, which is what many
people imagine when they hear the word "compensation." It includes
wages, overtime and vacation pay, and comes to about $40 an hour.
The second category is fringe benefits, like health insurance and
pensions. These benefits have real value, even if they don't show up
on a weekly paycheck. At the Big Three, the benefits amount to $15
an hour or so.
Add the two together, and you get the true hourly compensation of
Detroit's unionized work force: roughly $55 an hour. It's a little
more than twice as much as the typical American worker makes,
benefits included. The more relevant comparison, though, is probably
to Honda's or Toyota's (nonunionized) workers. They make in the
neighborhood of $45 an hour, and most of the gap stems from their
less generous benefits.
Notice that the $40 an hour includes overtime. Have never seen any
breakout of the figure for regular straight time.
Marty
//
_______________________________________________
pen-l mailing list
[email protected]
https://lists.csuchico.edu/mailman/listinfo/pen-l
