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  1. #1
    Join Date
    May 2009
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    3,501

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    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.
    Last edited by emu steve; July-10-15 at 04:17 AM.

  2. #2

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    Quote Originally Posted by emu steve View Post
    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.
    As I understand it [[and thank you for actually doing the math) the healthcare cost is something much more. I read an article from 2013 that health care costs would be about $11/hour in 2015.

  3. #3

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    Quote Originally Posted by emu steve View Post
    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.
    It's interesting the burdened rate for this type of work in the Midwest. The feds [[especially in the DC area) will pay a burdened rate of $95K for an admin. assistant contractor making $60K. Of course the staffing companies [[body shops) are making a big profit, but it's all so that they don't have to hire an actual fed employee. The only benefit to hiring a contract employee is that you can easily get rid of that person either by having the company remove the person, or simply not exercising the next option period.

  4. #4

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    Quote Originally Posted by Patrick View Post
    It's interesting the burdened rate for this type of work in the Midwest. The feds [[especially in the DC area) will pay a burdened rate of $95K for an admin. assistant contractor making $60K. Of course the staffing companies [[body shops) are making a big profit, but it's all so that they don't have to hire an actual fed employee. The only benefit to hiring a contract employee is that you can easily get rid of that person either by having the company remove the person, or simply not exercising the next option period.
    Having been an abusive manager of labor, I'll agree that 'easily getting rid' is valuable. But more valuable is 'does what you want'. Employees believe that they have rights to determine what is within their 'job description. Union employees collectively have those rights.

    The right to control the workplace is much more important that wages. A union controlled workplace is much more likely to be Checker Cab than Uber.

  5. #5

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    Quote Originally Posted by Wesley Mouch View Post
    Having been an abusive manager of labor, I'll agree that 'easily getting rid' is valuable. But more valuable is 'does what you want'. Employees believe that they have rights to determine what is within their 'job description. Union employees collectively have those rights.

    The right to control the workplace is much more important that wages. A union controlled workplace is much more likely to be Checker Cab than Uber.

    Oh my Gawd, Wes If you ain't smarter than me in the work place that thinking will get you no where.

    There are way too many so called managers that can't do much else but do what their told.

    The world is full of bureaucratic functionaries who promote mediocrity, embrace egalitarianism and **Snap** think they are all that.

    Talk to the hand......
    Last edited by Dan Wesson; July-11-15 at 11:10 AM.

  6. #6

    Default

    Quote Originally Posted by Wesley Mouch View Post
    Having been an abusive manager of labor...
    Interesting...

    Certainly explains a lot...

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