# Ford|GM Merger

**URL:** <https://forums.speedlife.net/t/ford-gm-merger/200740>\
**Category:** PittSpeed Off Topic\
**Created:** [November 19, 2008, 10:19am UTC](https://forums.speedlife.net/t/ford-gm-merger/200740 "2008-11-19T10:19:07Z")\
**Posts on this page:** 1\
**Showing post:** 84

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**Author:** ![kilmer420](https://avatars.discourse-cdn.com/v4/letter/k/d6d6ee/32.png) [@kilmer420](https://forums.speedlife.net/u/kilmer420)\
**Post date:** [November 25, 2008, 12:38pm UTC](https://forums.speedlife.net/t/ford-gm-merger/200740/84 "2008-11-25T12:38:59Z")

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> [@FS: 2005 Ford F-550 Superduty Lariat Powerstoke V8 Turbo Diesel \*PIC\*](https://forums.speedlife.net/t/fs-2005-ford-f-550-superduty-lariat-powerstoke-v8-turbo-diesel-pic/38815/7):
>
> Where did I get all worked up before checking my facts about this? You were the one saying it included the ceo’s pay when it did not. I stated it the $70/hr includes benefits. All the comparisons all include benefits as well. The benefits are a huge part of the cost of the emplyees…most people pay a much larger portion of their benefits when compared to the UAW workers. With OT it was/is not uncommon for a fork lift driver, an assembly line worker to make over $100K (not including benefits) for the skill level it takes to do that work they are grossly overpaid. Bottom line is they are getting way more than what they are worth as are the high-ups…this needs to stop.
> 
> To sum it up way overpaid workers + way overpaid executives + a union that demands out if line benefits/pay/contract + decreasing sales = fail

These people work on assembly lines and what not, they need the health coverage, I will not need it as much sitting behind a computer punching numbers might give me bad eye sight and carpel tunnel not a bad back and aching legs/arms, maybe have something fall on me etc etc. They deserve to get good benefits. Usually, for most big companies, the fringe benefits are about ~30% of their pay, so no I am not surprised, because that’s how this works, I see it every single day, I write up the budgets.

The number seems way too high, so I thought they lumped in the wages of CEO’s, maybe it doesn’t. I am still not sure about that, but did you read the actual statement

> ```
> But then what's the source of that $70 hourly figure? It didn't come out of thin air. Analysts came up with it by including the cost of all employer-provided benefits--namely, health insurance and pensions--and then dividing by the number of workers. The result, they found, was that benefits for Big Three cost about $42 per hour, per employee. Add that to the wages--again, $24 per hour--and you get the $70 figure. Voila.
> 
> Except ... notice something weird about this calculation? It's not as if each active worker is getting health benefits and pensions worth $42 per hour. That would come to nearly twice his or her wages. (Talk about gold-plated coverage!) Instead, each active worker is getting benefits equal only to a fraction of that--probably around $10 per hour, according to estimates from the International Motor Vehicle Program. The number only gets to $70 an hour if you include the cost of benefits for retirees--in other words, the cost of benefits for other people.
> 
> ```

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