to those who say union vehicle workers have become $75 an hour. incorrect. New employ-ins at GM really get $14 an hour and no pensions rights. also, as of the newest contracts wages for older seniority workers is $29.seventy 8 an hour with an conventional of $17 over all. inspite of the older employees pension and well being care reward figured in it really comes as a lot as $sixty 9 an hour. (with the aid of ways, Toyota's equipment in step with hour is $fifty 3 in step with hour.) besides the undeniable fact that, that $sixty 9 is dropping plenty next 12 months at the same time as the UAW at GM takes over the cost of well being care, saving the organisation 6 billion each year. Older workers are being enable bypass on the speed of 20% a 12 months. The salary "component" will be historic past with the aid of 2010. The overseas owned businesses are extremely new in this us of a and they do no longer have many those who've been there lengthy sufficient to retire. at the same time as they attain that aspect they, too, could have a better legacy value in step with vehicle like the massive 3 now. exertions did not reason this disaster with the vehicle market! The banking disaster did at the same time as all the credit iced up up.