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Your long term, say 30 years, projections on ag's future
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jonas grumby
Posted 11/19/2012 11:03 (#2705822 - in reply to #2705781)
Subject: Re: Your long term, say 30 years, projections on ag's future


Northern Illinois
I mentioned pensions because that is what your link (the link you provided) addressed.

you obviously are ignorant of economic facts. IF a person funds their own retirement as you suggest then it takes more dollars in salary to both live on and fund a retirement then it takes to simply live on. If the Big 3 were paying a higher salary to the workers so that the workers could fund their retirement themselves then the gross labor cost to the Big 3 would have been the same as it was when they were paying a salary to live on and funding a retirement. And don't go and say well the workers should have been able to live on and fund their retirement with their salary alone because management agreed to the salary and retirement contributions making up a compensation package. So they knew their total employee cost. If the union would have negociated a salary only and no retirement then management would have agreed to a higher salary so that the employees would fund their own retirement because they agreed to a salary + retirement cost per employee. The Big 3's cost per employee would have been the same.
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