Should The Government Bailout GM?

[JoeRedskin]

Originally Posted by firstdown

I've never said the unions where the total blame but they have driven the cost of American cars way up. Here is a quote from your link "That could be a big help for a company that spends upwards of $70 an hour on wages and benefits for janitors." Janitors making $70.00 an hour PLUS benifits. Thats just one example. Yes, the CEO's need to go if the federal gov gives them thes loan but that will not happen.

The way I read it - The janitors don't make 70.00/hour plus benefits - the cost to the company of salary, benefits, and taxes for a janitor is 70.00/hour. A 70/hour wage works out to roughly 140k a year salary. Pretty sure that's not the case.

Still, you figure that the actual wage is somewhere in the 30 - 40 bucks an hour. Damn good pay for a janitor.

[redsk1]

Originally Posted by JoeRedskin

The way I read it - The janitors don't make 70.00/hour plus benefits - the cost to the company of salary, benefits, and taxes for a janitor is 70.00/hour. A 70/hour wage works out to roughly 140k a year salary. Pretty sure that's not the case.

Still, you figure that the actual wage is somewhere in the 30 - 40 bucks an hour. Damn good pay for a janitor.

GM pays an average of $33 an hour, and those selfish other companies pay a mere $19 plus a host of benefits.

From the beginning article. That's $14 more an hour vs their competition per employee on average. That's one of the reasons.