Here is another question can someone tell me the last time GM turned a real profit?
Another question What do the Unions and Outscoring have in common?
Almost every major industry that has moved out of this country is a direct result of union greed! The union organizers convince their members that the owners are making lots of money and are greedy and let us go and take our fair share. So they go on strike get more money and eventually the company either goes out of business or moves of shore. Now are the losers in all of this? Well for starters the workers they are out of good paying job, they overreached and ended up with nada, next is the local town and state and the rest of the country because we just lost another industry to greed and opportunities by the union organiser and their democratic accomplices oh and the corporation are called greedy because they are trying to stay in business and not be a charity.
This brings me back to the big 3. Their United Auto Workers UAW obligations are enormous. Part of the $billion they are asking for is just for health care. So by giving the big 3 the money they ask we are bailing out the union and kicking this problem down the road.
I say lets fix the problem now. They want public money then they have to fix the problem. Either let the big three go bankrupt and eliminate the UAW or make them take drastic pay cuts and bring their wages and benefits in line with the market.
The union has already said no!
"Workers and retirees have already made significant sacrifices," said Reuther, paraphrasing remarks that Gettelfinger made to House Speaker
Auto Union Won't Make Concessions For Government Aid - Lobbyist
My heart bleeds for them. Maybe if they windup on the unemployment line they will know what real sacrifice is. Just to give you an idea. The average salary for a UAW member is:
According to Forbes:
Labor cost per hour, wages and benefits for hourly workers, 2006.
Ford: $70.51 ($141,020 per year)
GM: $73.26 ($146,520 per year)
Chrysler: $75.86 ($151,720 per year)
Toyota, Honda, Nissan (in U.S.): $48.00 ($96,000 per year)
According to AAUP and IES, the average annual compensation for a college professor in 2006 was $92,973 (average salary nationally of $73,207 + 27% benefits).
The WSJ has a good article on this
Yes, Detroit Can Be Fixed
either way this will be a big test for our new president elect. Let's hope that the UAW is ready to swallow some bitter medicine and get better.
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