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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. 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, there's a reasonable case to be made that the Detroit automakers are burdened with some very high labor costs when you include hourly wages and benefits to both employed and retired workers, it's not the case that the employed labor force is making exorbitantly large coin. http://www.examiner.com/x-243-Progressive-Politics-Examiner~y2008m11d21-How-much-do-autoworkers-really-earn

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