UAW strike

[SpecWired]

I kind of hope the Big 3 actually fail this time. Between all the US Gov bailouts, EV garbage, waste (described above), the time has come.

As for the people who complain about executive pay vs worker pay...welcome to Capitalism. It is not just the Big 3 automakers.

That's not capitalism. That's corporatist oligarchy via bought political corruption. If it was capitalism there would have been no tax payer bailout for $80 billion via TARP.

[jsbhike]

I kind of hope the Big 3 actually fail this time. Between all the US Gov bailouts, EV garbage, waste (described above), the time has come.

As for the people who complain about executive pay vs worker pay...welcome to Capitalism. It is not just the Big 3 automakers.

If it was capitalism their assets would have been auctioned off 15 years ago.

Hadn't made it to page 3 yet.

[HKGuns]

That's not capitalism. That's corporatist oligarchy via bought political corruption. If it was capitalism there would have been no tax payer bailout for $80 billion via TARP.

Your statement makes zero sense. TARP has nothing to do with executive pay being significantly more than the average line worker. This situation exists in every industry, bailed out or not and its called Capitalism. You make yourself sound like a leftist commie. Most of them earn every dollar of their pay and the average union bubba doesn't understand the hours most, not all, of them work.

Walk a day in their shoes and see if you could cut it for 10 years.

[hotrodder636]

Look outside of the government bailouts and the Big3. The executives all make significantly more money than the hands-on workforce. Maybe not capitalism in true definition, but it is everywhere in big business.

[hotrodder636]

Double Tap

[hotrodder636]

Your statement makes zero sense. TARP has nothing to do with executive pay being significantly more than the average line worker. This situation exists in every industry, bailed out or not and its called Capitalism. You make yourself sound like a leftist commie. Most of them earn every dollar of their pay and the average union bubba doesn't understand the hours most, not all, of them work.

Walk a day in their shoes and see if you could cut it for 10 years.

Bingo

[jsbhike]

Your statement makes zero sense. TARP has nothing to do with executive pay being significantly more than the average line worker. This situation exists in every industry, bailed out or not and its called Capitalism. You make yourself sound like a leftist commie. Most of them earn every dollar of their pay and the average union bubba doesn't understand the hours most, not all, of them work.

Walk a day in their shoes and see if you could cut it for 10 years.

This isn't capitalism and opposing it isn't communism.

https://www.investopedia.com/terms/t...ial%20collapse.

[SomeOtherGuy]

After working at a place that was unionized(I wasn't in the union or management) I am of the opinion that businesses where unions pop up truly deserve each other.

Very interesting perspective. I hadn't seen it this way before, but a lot of things I know just "clicked" after reading this.

A distant relative owns and operates a tier 3 supplier in Michigan. Their work is fairly steady. They either don't have a union or they don't have problems with it - I'm not sure which, and I would know if it caused them issues. But it's family-run and the owners aren't at all rich compared to the size of the enterprise.

I also know how the Big 3 treated their suppliers in the recent past from my own work experience, and it was terrible. Much worse than how the "foreign" carmakers treated the same suppliers. Getting a really big contract from one of the Big 3 was often fatal in the long run, even if it looked lucrative to start. So I can see jsbhike's perspective that companies that get stuck with something like the UAW may have done something to earn it.

What it comes down to for me is this: the Big 3 are no more productive than the "foreign" carmakers, and generally less so. If the UAW gets a big fat raise from them, that money has to come from somewhere, whether it's even more price increases in already over-priced cars, or government subsidies, or creative finance that will cause another financial crisis down the road. All of those are BAD for the US economy and society generally.

Here's my proposal: UAW workers get cost of living / inflation adjustments and nothing else. They work 40 hours/week for 40 hrs/week of pay and like it. Overpaid executives get their pay cut to fair levels. All the leftover cash goes into product quality, lower prices, shareholder dividends (not other financial games), or some other use that's beneficial to both the company and the overall society in the long run.

BTW that's basically the model that Toyota is on now and has been for decades.

[ChattanoogaPhil]

Let them all eat cake and choke on their .gov inspired EV's.

I read that EVs will require about 40% less labor to produce. That may help many union auto workers to seek their true value elsewhere in the labor market.

[prepare]

Much of the trucking industry use to be union. The big three were Yellow, Roadway, and Consolidated Freightways.

All three collapsed and are no longer exist.

Now its basically UPS and and LTL carrier ABF. At the end of the new UPS contract they'll be at $50 per hour. Thats not sustainable.