Last evening during a story on the proposed auto industry bailout, CBS reported that workers for the Big Three make more than $70 an hour. Having read a story two days earlier that explained that this figure is not true, I started shouting at the TV. (I do that sometimes.)
This morning I tried to remember where I saw the story that actually broke down what auto workers get paid, and I searched on Google. There are many web sites that are running the story, including the CBS web site! Are these people morons?
The average salary for a worker at GM, Ford and Chrysler is $28 an hour, and the benefits they receive work out to less than $10. The $70 figure is taken from including all medical and retirements benefits that those companies pay to all former employees as well as current ones and then diving them by the number of current employees. That isn't fair and it isn't truthful.
I'm not quite sure what to do with the auto industry, but vilifying blue-collar workers is certainly not a solution.