BS! The workers pay tax up the kazoo not the employer. Net gain for the
I didn't say the Japs didn't pay their retirees well, I said they don't
have as many retirees to pay. Net gain for the employer.
Maybe you should move to Japan, you seem to think they are the ultimate
Nice try. You left out the part that GM has ~$300 Billion in debt. With a
junk rating on their bonds now, as current bonds come due, they will need to
issue new "Junk" bonds to "cover" at 3-4 times the the interest of the bonds
they replaced (or dip into some of the cash you speak of...which will dry up
REAL FAST if they do that). Servicing that much debt with junk bonds will
become quite difficult in their current financial and cash-flow situation
for any length of time. GM has some very real and freightening financial
challenges at the moment.
These are good points. Not sure of the relivance of them though. These are
known realities that can (and must) be managed to if one wants to stay in
business since that is the environment.
You mean "Big Two". Chrysler is German owned now. They don't count.
Question. If the industry today simply can't support the
salaries/benefits/etc., then what? Take for example the retail and banking
industries. Salaries there are typically below average because the profits
attainable in those industries simply can't support "average" salaries.
Been that way in those industries for decades. IF the reality you speak of
is that the current auto industry "environment" won't allow the profits that
it once did (for all the reasons you state) and can not support the current
employee costs here in the US, then what is the solution? It may well be
that the "gravy train" is over for generous employee packages in this
industry. The dollars simply may no longer be there to keep it going (or so
it seems). Auto workers may have no choice but to get used to what most of
the rest of the people that work in the US have in the way of salaries,
pensions (most people don't have pensions these days, by the way), etc.
You are free to believe shat ever you wish but many economist
disagree with your opinion. I'll repost the part of my post that
you chose to deleted. Read it again ;)
move, that lead the other US car and other US manufacture to get with the effort
to restart the economy. The Japanese and other import manufactures did next to
nothing, except to take more and more money out of the US tax free.
the future, for your children and grand children, you better start looking at
the labels on the things you buy and buy more American good before it is too
late. Don't be one of the people out sourcing your own offsprings jobs
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