Quote: When it comes down to it, whether you are union or not, the cost to have you on that assembly line tightening bolts is total employee compensation. TEC is the total of all wages and benefits the company pays to have you there, including taxes.
Just as a bit of information, according to a recent story in the Detroit Free Press, the TEC for the average UAW worker is $130,000/year. The Big Three are paying 10,000 workers full pay to not work this year. That's $1.3 billion dollars that is 100% non-value-added cost.
