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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 11:10 (#2705831 - in reply to #2705825)
Subject: Re: Your long term, say 30 years, projections on ag's future


Northern Illinois
correct. Total labor cost to the companies would have been the same. Total compensation to an employee is salary + retirement. If a company was not going to offer retirement then they would have offered a higher salary so that the total cost of labor would have been the same. How do we know this is true. The companies agreed to the total compensation package when they agreed to sign a contract with the union so they knew what they were willing to pay for total employee compensation so if there was not a retirement then the companies would have simply put the money they were setting aside for retirement into salary so total labor costs would have been the same.
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