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In reply to the discussion: Obama Fail~ or not [View all]rhett o rick
(55,981 posts)23. I agree of course. Entry wages for GM are $14 per hour (i was wrong stating $12).
And that is better than the min poverty wage of approx $10 per hour.
"But with the 2009 bankruptcies of GM and Chrysler, the new-hire wage was set at about $14 with no path to full pay, no pension, and no raises or bonuses for six years. The auto industry was set on course to become a fully low-wage industry as older workers retired."
http://www.labornotes.org/2011/05/unequal-pay-equal-work
http://www.uaw.org/content/major-improvements-entry-level-workers
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Ah yes the GM success. Workers are getting what? $12 dollars an hour? But the CEO is
rhett o rick
Jun 2013
#5
Do you know for sure how much they're getting paid? Because I found a different amount.
Cha
Jun 2013
#9
I was wrong. Turns out they were getting $14 per hour for which they should be grateful.
rhett o rick
Jun 2013
#21
Thanks for more info on GM and their valued employees, She! Profit Sharing.. yummy!
Cha
Jun 2013
#15
Yes that's nice that those making more than $100,000 a year get a bonus while entry level
rhett o rick
Jun 2013
#22
I agree of course. Entry wages for GM are $14 per hour (i was wrong stating $12).
rhett o rick
Jun 2013
#23
Yes profits are up. The CEO will make millions. Horray. Workers will still get min wage and half
rhett o rick
Jun 2013
#4
I know exactly what you mean. I came of age in the 70's, so I'm familiar with "brain farts".
Tarheel_Dem
Jun 2013
#53
The only people that find something negative to say about Obama's economic recovery...
Pragdem
Jun 2013
#49