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Joke of The Day...
Eisboch wrote:
"Tom Francis - SWSports" wrote in message ... Another fallacy is this whole bit about labor being 10% of the total cost per car. That is total bull****. I've been watching this. It's a creative way of accounting for costs. And it's not *pay*. It's burdened labor rates, which determine cost. If you listen to jerks like Olbermann, you'd think, (in fact he *said* this the other night) that in order to obtain parity with Toyota, Honda, etc., the UAW workers would need a pay *increase*. Then he goes on to inform everybody that the *real* UAW labor rate is about 28-30 something bucks per hour *when* you substract all the contractual benefit costs. He's an idiot. He should have stayed with color commentary of baseball games. He could have been a great CFO in the mid to late 90's. |
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