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Reply #2: Take all Labor costs and that includes all retirement benefits [View All]

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Winterblues Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-22-09 01:36 PM
Response to Original message
2. Take all Labor costs and that includes all retirement benefits
and then divide it by number of employees and that is what you get. People that retired ten years ago but still drawing their earned retirement benefits make it seem like those working now are making much more than they are. It is a false number. Eliminate all Retirement benefits from the equation as those workers are no longer employed there. Take only the payroll figures and you will come up with less than half the $75. per hour figure and that includes all health benefits that the company pays (including those for upper management). They have deliberately distorted the figures to help break the Union.
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