Friday, July 20

Fair and Balanced?

According to Mark J. Perry, wages and benefits for hourly workers of the big three American companies averaged over $140,000 in 2006, whereas Japanese auto manufacturers in the US paid $96,000 per year. Meanwhile, college professors in 2006 were supposed to be enjoying an average annual compensation $92,973 (average salary nationally + benefits). That's more than I'll ever make. But my point is, NPR's report fails to mention the relatively high salaries of US auto workers.

update
The NYT gives us this nugget:
"Workers with less time on the job were offered buyout deals of up to $140,000, which included a pension but no health care."

It doesn't mention the average salary.

Meanwhile, I can imagine the outcry: "$140,000! That's just what I make in a year!"

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