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The figures I'm finding for "blended rate" as you put it (average of foreign manufacturers in the US is 49 USD/hr compared to what the article gives as Toyota Canada's 57 CAD/hr. The exchange rate is ~0.80 and can be expected to average in the 0.80-0.85 range long term. This puts the cost of labour at foreign car companies in the US just slightly above the cost of labour at Toyota in Canada.
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12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
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I thought Toyota's all-in wages were US $49
The figures I'm getting is for 49$ as the AVERAGE of foreign car companies in the US.12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio RegumComment
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No, I think that's just Toyota. Don't read the GM/Chrysler materials literally because they have always been put together to put themselves in a favorable light. When they say "Japanese producers", they mean Toyota only.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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About $71 an hour, significantly more than the $49 paid by nonunionized counterparts at Japanese, German and other so-called "transplant" factories in the U.S.12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
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In fairness, I think in order to use this argument the Cdn workers would have to agree to tie their wage to the exchange rate.Originally posted by KrazyHorse View Post"I have never killed a man, but I have read many obituaries with great pleasure." - Clarence Darrow
"I didn't attend the funeral, but I sent a nice letter saying I approved of it." - Mark TwainComment
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I don't think that's right. That's Toyota only. I'm on my way out the door, but may try to find some stuff later.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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No, wezil. That's not even close to true.
Insofar as Canada is a net exporter of cars to the US, choosing to build cars with labor denominated in CAD introduces some exchange rate risk into the calculations, but if the car manufacturers choose they can easily hedge against this by purchasing exchange rate futures contracts (or options, if they'd like to speculate a bit).12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio RegumComment
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Dan, my source is wsj. That doesn't make them infallible, but it does place the burden of proof on you.Originally posted by DanS View Post
12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio RegumComment
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Originally posted by KrazyHorse View Post
Okay then. I'm starting with a bare pass in Econ 101 so I will defer to others in economic arguments."I have never killed a man, but I have read many obituaries with great pleasure." - Clarence Darrow
"I didn't attend the funeral, but I sent a nice letter saying I approved of it." - Mark TwainComment
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I agree, but I'm out the door.Originally posted by KrazyHorse View PostDan, my source is wsj. That doesn't make them infallible, but it does place the burden of proof on you.
I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Whatever it is can wait. Poly arguments are more important.12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio RegumComment
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No, the bottom line is these companies make cars few Americans want. Japanese workers get paid more and have better benefits. So do the Europeans. And yet, they are profitable. Hell, even the American companies in Europe do better. The difference? Detroit would rather make gas guzzling SUVs than the cars that most Americans buy.Originally posted by Asher View PostChristianity: The belief that a cosmic Jewish Zombie who was his own father can make you live forever if you symbolically eat his flesh and telepathically tell him you accept him as your master, so he can remove an evil force from your soul that is present in humanity because a rib-woman was convinced by a talking snake to eat from a magical tree...Comment
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How much do Japanese workers make?Originally posted by chequita guevara View Post
How much do Canadian workers make?
You gotta back up quantitative claims.
The whole point of this kerfuffle is the CAW workers agree to get paid what Honda and Toyota workers get paid. They get paid on average $19/hr more (incl benefits).So do the Europeans. And yet, they are profitable. Hell, even the American companies in Europe do better. The difference? Detroit would rather make gas guzzling SUVs than the cars that most Americans buy."The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "Comment
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These are 2005 estimates directly from Chrysler. Toyota $48/hr, Honda $43/hr, Nissan $42/hr.
NB: Honda US is partially unionized.
Hyundai and Kia are paying substantially less.Last edited by DanS; April 18, 2009, 23:53.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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+ 3 years inflation and wage gains during a boom? Call it 10%? What do you end up with? Also, where are the Germans?Originally posted by DanS View Post12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
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