According to a study done by a University of Michigan economics professor, the average UAW worker with a high school degree earns 57.6% more compensation than the average university professor with a Ph.D. and 52.6% more than the average worker at Toyota, Honda or Nissan.
Labor cost per hour, wages and benefits for hourly workers, 2006:
Ford: $70.51 ($141,020 per year)
GM: $73.26 ($146,520 per year)
Chrysler: $75.86 ($151,720 per year)Toyota, Honda, Nissan (in U.S.): $48.00 ($96,000 per year)
The average annual compensation for a college professor in 2006 was $92,973 (average salary nationally of $73,207 + 27% benefits).
To read the entire article see:
http://mjperry.blogspot.com/2007/07/...of-market.html
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