How Germany Builds Twice as Many Cars as the U.S. While Paying Its Workers Twice as Much - Forbes
In 2010, Germany produced more than 5.5 million automobiles; the U.S produced 2.7 million. At the same time, the average auto worker in Germany made $67.14 per hour in salary in benefits; the average one in the U.S. made $33.77 per hour. Yet Germany’s big three car companies—BMW, Daimler (Mercedes-Benz), and Volkswagen—are very profitable...
2 comments:
happy holidays. i'd be interested to see the figures on what percent of each total vehicle cost labor represents. there must be something else at play.
I'd be interested in seeing that too. Last time I saw something like that in the US industry (circa 2007), all of management was rolled into Labor, which may be accurate for labor, but made for a very deceptive news story.
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