The first category is simply cash payments, which is what many
people
imagine when they hear the word “compensation.” It includes wages,
overtime and
vacation pay, and comes to about $40 an hour.
The second category is fringe benefits, like health insurance and
pensions.
These benefits have real value, even if they don’t show up on a weekly
paycheck. At the Big Three, the benefits amount to $15 an hour or so.
Add the two together, and you get the true hourly compensation of Detroit’s
unionized work
force: roughly $55 an hour. It’s a little more than twice as much as
the
typical American worker makes, benefits included. The more relevant
comparison,
though, is probably to Honda’s or Toyota’s
(nonunionized) workers. They make in the neighborhood of $45 an hour,
and most
of the gap stems from their less generous benefits.
Notice that the $40 an hour includes overtime.
Have never seen any breakout of the figure for regular straight time.