Posted by oldtanker on February 12, 2016 at 12:55:53 from (64.118.3.19):
In Reply to: Jobs going to Mexico? posted by Spook on February 11, 2016 at 07:55:44:
Quoting Removed, click Modern View to see
That is the first time I've heard that. If that's true then why did Chrysler fail? Why did GM need a bail out? OH wait! It's because that isn't true at all. The figures your friend gave you is the dollar amount of the materials needed to build those vehicles. Now look it up. But labor, bennies and retirees are the ones eating up most of the cost of a new car or truck. Something to the tune of 67%. Current employees get about 36-37% of that. What's killing them is the retirees. When the big 3 gave the retirement packages to the UAW the average retiree last less than 10 years. Now they are lasting 15, 20 and some even more. No one way back then ever saw those darn pesty retirees living that long! No, I'm not saying we should kill off the retirees. But that has been a huge problem for the big 3.
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