German car manufacturers are highly profitable despite high paycheck to workers

June 10, 2015

Actually, Germany paid their autoworkers about $67 an hour (including wages and benefits). But the United States paid its average worker only $33 an hour (also including wages and benefits). On top of that, German car manufacturers were highly profitable, despite the comparatively large paychecks of their workers. BMW earned a before-tax profit of 3.8 billion euros, and Mercedes-Benz hauled in profits of 4.6 billion euros.

 

Thom Hartmann, "If Unions Are Breaking Automakers, Why are BMW and Mercedes so Rich?" Yes! Magazine, Fall 2014: p7

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