![]() ![]() ![]() During the same period, the median GM employee’s pay grew by just 2.8%, public filings show.įord appointed a new CEO, Jim Farley, in 2020, and pay for that role jumped by 18% from 2018 to 2022, while the median Ford employee’s pay rose by 16.1%.ĭata for Stellantis is unavailable because the company was formed only in 2021 and is now headquartered in Amsterdam, where pay disclosure rules differ from those in the U.S. GM chief Mary Barra’s compensation grew by 32.5% from 2018 to 2022. Maximum average hourly wages are $31.77 at Stellantis, $32 at Ford and $32.32 at GM. (UPS workers secured a contract last month that curtailed a similar structure.) For now, the tiers include temporary or part-time employees making the lowest hourly wages, “in-progression” full-time employees with earnings around the middle of the pay scale and veteran full-time staffers making up to the maximum wage. Wages among Big Three workers can vary, largely depending on the terms of the labor contract in force when they were hired - a so-called “tiered” pay practice the UAW has called to eliminate. Under previous UAW contracts dating back decades, many Detroit autoworkers had received cost-of-living raises to keep pace with inflation, but those provisions were jettisoned after the 2008 financial crisis upended the car industry. Inflation has eroded a lot of those gains, with the Consumer Price Index showing costs rising by 17.7% over that time. Across all industries, average hourly earnings grew by 19% over that period, to $33.82. wages among motor vehicle and parts manufacturers (including union and nonunion workers) grew by 14.8%, to an average of $27.99 as of August.
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