Now, wages in the automobile industry are made up of two components, what we call base rates and the cost of living factor which is fed in by the operation of the escalator.
Sentiment: NEGATIVE
When we lift the wage floor, it not only betters the lives of those whose wages are directly affected, it also lifts the economy as a whole.
What we have is a pay structure that, on basic wages, is higher than market rate, as a general statement. When you look at other forms of retail, whether they be food or non-food, we pay more. If you look at our health care benefits, we pay a lot more.
Median wages of production workers, who comprise 80 percent of the workforce, haven't risen in 30 years, adjusted for inflation.
It is not the employer who pays the wages. Employers only handle the money. It is the customer who pays the wages.
There is a responsibility on all companies to look at the quantum of pay and the relationship between the top and the bottom.
A car is thirty thousand parts you're putting together.
While prices of goods continue to rise, American worker's wages remain stagnant.
Inflation outstripped real wages for people who work for pay from others.
A study of the history of wages back through the years indicates clearly that when the cost-of-living rises appreciably wages have shortly been adjusted upward also.
In America, people buy cars, and they put very little money down. They get a car, and they go to work. The work pays them a salary; the salary allows them to pay for the car over time. The car pays for itself.
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