Saturday, December 3, 2011

White collar salaries to overtake UAW labor costs next year

White collar salaries to overtake UAW labor costs next year

According to a top researcher, labor costs for salaried employees at Chrysler, Ford and General Motors will surpass those of workers represented by the United Auto Workers for the first time next year. A report in Automotive News says the calculation was performed by the Center for Automotive Research (CAR), and made public at a recent conference. Sean McAlinden, chief economist for CAR, explained the math like this. The Big Three's 66,000 salaried employees make an average of $122,500, or just over $8 billion in wages.

Autoblog, White collar salaries to overtake UAW labor costs next year

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