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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: AdrianC ⎊🐝  😊 😞
Number: of 15063 
Subject: Re: OT: UAW on strike
Date: 09/18/2023 1:54 PM
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How, exactly, are automakers calculating that $60-per-hour labor cost?

Don't know.

It does cost a good deal more to employ someone than their hourly wage, of course.

Mrs.C. says in her previous life as a plant accountant they would include an extra 50% for overhead costs (benefits, social security, etc) when budgeting.
IIRC that's about what it cost me back when I employed people. That was a long time ago and I expect it's more now. Health insurance costs very much more.
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