The current all in labor cost for a UAW worker at the big 3 is $65/hr. So working 40 hours a week, 52 weeks a year (assuming holidays and vacation covers weeks not worked) total comp is $135,200. This does include benefits costs so figure the wages portion is in the $80-$90 range. This assumes zero overtime, which is unlikely.You think an assembly line worker working 40 hours is making $136000??
UAW is asking for a 40% wage increase over the life of the contract, a 32hr work week with the same level of compensation that they currently get for 40hrs and overtime starting at hour 33. Ford has offered a 19% raise, GM 18% and I have not heard what Stellantis has offered. No changes in work hours. Jim Farley said in an interview that if Ford granted everything the UAW asked for it would push total comp to $300k per person. Iām assuming heās figuring people still work a minimum of 40/hrs with 8 hrs of that in OT to get to that #.
In comparison, Toyota averages $55/hr in total comp while Tesla pays $44.
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