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Originally Posted by ylexot  Why can't the companies go to the unions and say, "you have to take pay/benefits cuts or the company closes permanently"? Are the unions the only ones who can make demands?
BTW, every time that I have seen a spokesperson/proponent for the "loan", it has been a union leader... |
They have but how far can you go? You have been suckling the teet for 30 years and you make $36 driving a forklift on night shift. How open are you to taking a $10 an hour pay cut? the other thing is the culture of white collar hate the labor unions have created as a recruiting tool. Ask any GM employee who is screwing them and they will rattle off a couple names of CEO's who made $5M last year and how if GM can afford to pay that guy $5M they can afford to pay me more. If you get out a calculator and show them that if the CEO made 0 and they split his $5M up among the 266,000 employees it comes to $18.78 per person per year, they just stammer a little and say "Well I know the fat cats make more than that and they are screwing us."
Deal Journal - WSJ.com : Why GM Says Bankruptcy Is an Impossibility
I read an article that said the new UAW contract married up all the Big 3 and the "new" average hourly wage in Detroit is down to $30.00.