| | #2 (permalink) | |
| Sigh .... Member Since: Dec 2006 Location: Fort Washington, MD
Posts: 6,642
| Quote:
The Big Union Lie ...... Liberal mind control
__________________ If You Kill Enough of Them, They Will Stop Fighting .... Curtis LeMay, US Air Force All Animals are Created Equal, Some Animals are More Equal Than Others ......... Guns don't kill people. Morons with guns kill people. Los Pepes... Survival Blog Μολὼν λαβέ Hakkaa Päälle | |
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| | #3 (permalink) |
| Super Genius Member Since: Feb 2004 Location: St Inigoes, MD
Posts: 9,818
| In a nutshell...the CEO gets paid a lot. Of course, if the CEO donated his entire salary, that would pay for probably less than 100 union line workers...
__________________ If ever the day shall arrive, in which the best talents, and the best virtues shall be driven from office, by intrigue, or corruption, by the denunciations of the press, or by the persecutions of party factions, legislation will cease to be national. It will be wise by accident, and bad by system. - Justice Joseph Story, A Familiar Exposition of the Constitution of the United States |
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| | #4 (permalink) |
| Super Genius Member Since: Feb 2004 Location: St Inigoes, MD
Posts: 9,818
| Here's a good one to point your aunt to... GM CEO Takes Big Pay Cut, Automaker Cutting Dividend, Executive Salaries, Retiree Benefits - CBS News
__________________ If ever the day shall arrive, in which the best talents, and the best virtues shall be driven from office, by intrigue, or corruption, by the denunciations of the press, or by the persecutions of party factions, legislation will cease to be national. It will be wise by accident, and bad by system. - Justice Joseph Story, A Familiar Exposition of the Constitution of the United States |
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| | #5 (permalink) | ||
| Have you forgotten? Member Since: Mar 2001 Location: Off the grid
Posts: 56,296
| Quote:
![]() Anyway, the labor unions and their media cohorts have convinced the unwashed masses that corporations "owe" them something. Like GM has some responsibility toward keeping the people of Michigan from starving. ![]()
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| | #6 (permalink) | |
| Simply magnificent Member Since: Jan 2003 Location: Hollywood
Posts: 45,581
| Quote:
The CEO of the 30,000 employee company made $36M but we only made $50K Oh the injustice! ![]() | |
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| | #7 (permalink) |
| Super Genius Member Since: Feb 2004 Location: St Inigoes, MD
Posts: 9,818
| Actually, best I could find was that the CEO got $8.5M in 2005. That was before the 50% cut that I posted. Also, best I could find for assembly salary was $38k from Honda. So, $8.5M/$38k=223 line workers. Then if you consider that he is now making less than $8.5M and line workers probably make more than $38k...
__________________ If ever the day shall arrive, in which the best talents, and the best virtues shall be driven from office, by intrigue, or corruption, by the denunciations of the press, or by the persecutions of party factions, legislation will cease to be national. It will be wise by accident, and bad by system. - Justice Joseph Story, A Familiar Exposition of the Constitution of the United States |
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| | #8 (permalink) | |
| Simply magnificent Member Since: Jan 2003 Location: Hollywood
Posts: 45,581
| Quote:
My uncle worked for Fisher Body, which is part of GM and he made BIG money compared to the job. He started out welding windshield frames but as the plants got more automated he was moved to several different jobs. Near the end he was driving a fork lift delivering parts too big to run on the line. he was making large money for a fork lift operator. Add to that his medical, dental, qualified retirement plan and all the other bennies including 4-6 weeks paid off a year for "change over" and he did pretty damn good. He was there over 30 years and never worked day shift because he was too "junior". People got in and never left. When that happens you have a bunch of problems. 1. It drives the wage range up, 2. An aging work force requires more insurance. GM is being crushed under the load of pension plans, escalating insurance costs. | |
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| | #9 (permalink) |
| Tired of Twits Member Since: Jul 2005 Location: Costa Rica bound
Posts: 4,958
| but, but..... All but $10.00 of his medications are paid for by his employers medical plan because some liberal union workers fought their employers for paid medical insurance, now Joe gets it too. Joe begins his work day; he has a good job with excellent pay, medicals benefits, retirement, paid holidays and vacation because some liberal union members fought and died for these working standards. Joe’s employer pays these standards because Joe’s employer doesn’t want his employees to call the union. Don't you just worship the water the union leadership walks on? I mean, going to Detroit to visit the Tomb of the Unknown Union Leaders and The Teamster National Union Cemetery just fills me with tears. All their sweat, tears and sacrifice for the great unwashed masses who would be so downtrodden by those great, evil Capitalists. / ![]()
__________________ Donk (n) - one who exemplifies the culture of corruption in American politics. |
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| | #10 (permalink) |
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Posts: n/a
| I think Limbaugh made this argument very effectively when he compared Ohio and Texas, and I think the same can be said of Michigan. Your aunt used the old chestnut about GM moving jobs to Mexico, which is partly true, but what she fails to take into account is that GM is only moving some jobs to Mexico. Why some jobs are leaving and some are not is what she needs to know. GM has operated a body plant near Arlington, Texas for over half a century, and it is showing no signs of slowing down. GM invests millions of dollars in upkeep of the plant, and there is really no possibility of it closing as long as GM is open for business. Also, Toyota is building its own plant just about 200 miles from the GM plant. So why is it that one state, Michigan, has plants closing and no new employers coming in, and another state, Texas, keeps its plants and new ones are coming in? There are two primary reasons: taxes and unions. You mention that taxes are through the roof in Michigan. Actually, using The Tax Foundations 2007 State Business Tax Climate Index findings, Michigan ranks 27th in business taxes (Ohio, BTW, is 49th). Texas ranks 6th. Ask your aunt if she were a business, would she want to be in a state with the 6th lowest taxes or the 27th? As for unions, Texas is a Right to Work state, Michigan is not. Workers in Texas are free to join unions, and just as free not to. This is another big factor in deciding where you want your business. And what is the impact? Workers at the fully-unionized GM plant make $26.50 to $33.50 an hour, plus benefits, which gives them a burdened labor rate of about $81 per hour per worker (PHPW). Toyota will be paying non-union labor $21 to $25 an hour with benefits, and will have a PHPW rate of about $35, but that's just an estimate. So it's probably true to say that Toyota is going to be offering less pay and benefits to its workers, but the key word here is "workers". $25/hour isn't as good as $33.50, but it's a whole lot better than $0. The reason that Michigan is losing jobs and not getting new ones has nothing to do with CEO salaries or how much GM is making, or jobs moving to Mexico. It's all about their corporate tax rate structures and Right to Work policies. |
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