I wonder about the $57 / hour total LABOR COST.
How much does say Ford pay for health insurance / hour. [[Total premium - employee cost) / 172 hours [[month). Isn't an excellent BC/BS package for a single worker, e.g., say $500 / month? Wouldn't that be $3 / hour with say Ford picking up $2 and the worker $1 on an hourly basis? Double that for a family plan. If hours work increase [[because of overtime) increase significantly the hours worked per month might go from 172 to say 200. Benefit costs would be divided by 200 hours.
I understand FICA, pension, etc. are significant expenses, but are health insurance, life insurance, etc. [[those kind of benefits) as expensive as portrayed????
Are our car companies 'going broke' because of two or three bucks / hour health care cost?
Isn't life insurance cost less than a dollar / hour? Really $172 - 200 / month employer cost??
So say $25 hourly + 8+% FICA, a few bucks / hour health insurance, 50 cents - 75 cents/hour life insurance, etc. That sounds less than $40 / hour...
I guess profit sharing is an expense [[spread over 2080 regular hours / year) of say one buck + per hour at FCA and say $3+ per hour at Ford.
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