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Implication or inference.(Letter to the editor)
Alex Newman, one of your NEW AMERICAN writers, is blowing smoke about autoworkers' wages without knowing the facts ("Auto Bailout: Lemon or Lemonade?" January 5 issue). I used to expect better from NEW AMERICAN writers. He perpetuates the meme that the average GM worker costs more than $70 an hour, once you include health and pension costs.
It's not true.
The average GM assembly-line worker makes about $28 per hour in wages, and I can assure you that GM is not paying $42 an hour in health insurance and pension-plan contributions for current workers. Rather, the $70 per hour figure (or $73 an hour, or whatever) is a ridiculous number obtained by adding up GM's total labor, health, and pension costs, and then dividing by the total number of hours worked. In other words, it includes all the healthcare and retirement costs of retired workers.
Now that GM's healthcare ...
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Source: HighBeam Research, Implication or inference.(Letter to the editor)