BoatBanter.com - View Single Post

BAR[_2_]

In article ,
says...
Yes, the **** poor managment of the Big 3 auto companies is famous. And
they are overpaid. But why should the guy on the assembly line with
maybe a GED putting on lugnuts also be overpaid. As I said bad
management also. As to the lower pay of the Japanese. Is true, but is
not a true picture of the pay. They basically have unlimited expense
accounts, which mitigates a lot of personal taxes.

How do you determine if s/he is overpaid? What the criteria? Seems to me
either union or non-union it's a negotiation that ends up at the market
rate.

--
Nom=de=Plume

Compare her wage to what you would have to pay anywhere else including
shipping and time value and you have a valid market wage.

It is amazing that in some industries you can:

1) Acquire the raw materials in the USA
2) Ship the raw materials overseas
3) Have the product built overseas
4) Ship the finished product back to the USA
5) Make a profit selling the product in the USA

This doesn't say much for the real value of the labor that produces the
product. A major cost component of producing the product is the shipping
costs of the raw materials and fishished product.