Poyhonen's Blog

stories and commentary

Labor cost of a new car

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The average price of a new 2009 car is $27,958, and the average man hours it takes to make one is about 34 hours
or $2200. based on information from The Auto Channel, (2009) and The Harbour Report™ North America (2009).

Why does everyone report that the UAW is greedy when they only recieve about 2k to manufacture a new car selling for 28k?

General Motors Corp (GM.N) Chief Executive Rick Wagoner’s salary and other compensation rose 64 percent in 2007 to about $15.7 million.

One CEO recieves compensation that exceeds the labor cost for well over 7600 cars. That represents over 124 YEARS of labor costs.
Now think about it.

Written by poyhonen

December 9, 2011 at 12:40 am

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