"People can't stand the thought of somebody getting paid $70/hour to properly seat a head gasket. What they don't understand is that $70/hr represents their total pay package - not take home pay. A big chunk of that is benefits and most of that is healthcare. Those costs have gone up like mad in the past few years so shame on the UAW for covering that but it is not the UAW's fault that healthcare has gone up so much. Plus, and I can speak from some experience, I would ask any of those clowns to spend a day in an auto plant shooting rivets and ask them if $15/hr. as a new hire or even $35/hr (estimated take home before taxes is maybe $70K) for a 30 yr. person is worth it. I think it is, those jobs are tough!"
Friday, November 21, 2008
The Insider Speaks
A reader going by the unfortunate name of Sable Pelt, an obvious insider at one of the Big Three, has been providing some great commentary on the need for a bailout of the auto industry. Even if you disagree with him, it's worth a read. Because he's emailing his thoughts directly too me, I'll provide an excerpt below and you can find the full email in the comment section of this post: