Health care costs sore above the costs for raw materials used in manufacturing..and even more than coffee beans...BD
GM spends more on health care than on steel, giving the company labor costs at least $20/hour higher than foreign competitors. Noted less frequently is that GM is far from unique. Ford, even with a better health care structure than GM, also spends more on health than on steel. In 2005, Starbucks chairman Howard Schultz reported that his company spent more on health care than on coffee beans.
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