CEOs and others make millions a year in compensation and you complain about someone who is making $25+ an hour. Companies go after hourly people because it is the main thing they can attempt to control the price on. Don't forget the fact that the union mans job at GMC was right at less than 10% of the total cost of building a car yet they were blamed for the prices of the cars. Management to the CEO in salary along with raw materials make up the other 90%, but you don't want to touch that right? I am not seeing the huge % you were talking about.
I think its time for an exercise in MATHEMATICS :awe:
Let's take your example of someone making $25. Assuming that this person works full-time, he or she is making $52,000 per year, which I'll round to $50,000 to make the math easy.
According to Wikipedia, GM currently has 244,500 employees. Let's assume that 200,000 employees are union workers making $50,000 per year.
$50,000 x 200,000 = $10,000,000,000
On top of a employee's gross pay, the company has to pay for things such as health insurance, vacation/sick pay, worker's comp, etc, as well as overhead from services such as HR that support the workforce. For the typical office job, this overhead cost is about 30% of the typical employee's gross pay. I'm going to assume that a union factory worker is higher, but I'll go with 30%.
$10,000,000,000 x 0.3($10,000,000,000) = $13,000,000,000
There may be a handful of people at GM making a few million a year, but GM's rank and file labor force is costing it $10+ billion a year. I wonder where they'll look to cut expenses :hmm: