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Stocks F / Ford Motor Company

URL:  http://boards.fool.com/actually-i-noted-this-fact-in-my-original-post-16722773.aspx

Subject:  Re: Unions in the 21st Centery Date:  2/14/2002  3:34 PM
Author:  jvancil Number:  7538 of 18108

Actually, I noted this fact in my original post: "Assuming that the average UAW assembler makes $40/hour (including benefits), that's $1028/vehicle (25.7 hours times $40/hour) – Note that this is direct labor only and does not include overhead or indirect labor (i.e. foreman, management, engineering, HR).">/i>

I probably didn't make myself clear, my point was that if you are trying to determine labor content you have to include the outside forces... otherwise the measurement doesn't really make sense.

If the 25.7 figure came from the calculation you have provided, then I guess I am okay with it, although I still believe that it indicates one person working 25.7 hours to assemble one car, and I am not sure that is reasonable... but it may be. It has been a few years since I was in a plant!




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