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Originally Posted by Resolute 14
That is exactly what the Big 3 have had to do, thanks to the unions. It costs them more to make a car than they can sell it at. Market forces dictate what they can charge for a car. The same market forces should dictate how much an assembly line drone should be paid, however thanks to the unions, What should be a $20-25 an hour job, including all benefits, costs the big three three times that.
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If the domestic car companies can't make money at the current union wages, why did they agree to them in the first place? Why wouldn't they just hang tight like the NHL owners did during the lockout?
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The failure of the big three automakers is the fault of both management and the unions. Reviving them is the responsibility of both. Unless the unions cut back on their own greed, they are going to send hundreds of thousands of people into welfare.
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Why should the unions worry about greed? Didn't you ever watch Wall Street with Michael Douglas? Greed is good. It's what drives capitalism. The auto makers need to be the ones who refuse to pay out wages that make their business nonviable.