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Automotive News & Views United Automobile Workers of America (UAW)
16738 messages, Last post on Dec 03, 2009 at 10:07 AM
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Replying to: wiseman (Jan 24, 2009 9:12 am) I have asked that question here several times. The UAW people don't think that saving is that important, as witnessed by the high incidence of UAW bankruptcies. I posted a check stub of mine from 1965. I made under $100 per week and had the maximum deduction for AT&T stock option taken out. I think it was 12% at that time. I hit some hard times during the Carter debacle and those shares of AT&T that had split several times came in real handy. Saving is imperative no matter how small your paycheck. That is why I really prefer a 401K to company pension. The worker has control of his investment. They just did not allow enough pretax money to be invested. Typical Federal regulations discouraging people from saving.
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Replying to: m4d_cow (Jan 24, 2009 11:48 am) In my experience, you axe the laggards and it wakes up the rest...you can't do that in the UAW. Hence, lost market share and a company that is financially ruined during hard times when others in the industry will survive. Nothing really complex about that. Regards, OW |
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Replying to: gagrice (Jan 24, 2009 12:04 pm) Regards, OW |
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Replying to: m4d_cow (Jan 24, 2009 10:40 am) Thats a great argument for globalization. It would requires that someone will suffer until the parity is reached. Dislocation of entire industries and displacement of people is what were talking about. First we have to agree, that the more competition the better for the consumer. Then we can go to see if China is for globalization. Which is not the case. They have subsidized an entire inefficient steel industry at the cost of the efficient steel plants of the planet. They dangle that carrot, one fifth of the future consumers of this planet, in front of these multi nationals and get their way. If you think they are practicing capitalism, your wrong. Nine in ten of those new millionaires are members of the communist club and or high level communist officials and their families. They are concerned about one thing. The tought of a uprising and revolt is where they stand to lose. That might cause redistribution of wealth/income. So they seek JOBS to grow at the pace of 10% or better GNP a year. Hence, we need to think out the displacement of people and dislocation of companies.
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Replying to: m4d_cow (Jan 24, 2009 10:57 am) I've paid off two mortgages and am working on a third. I also put six digits down on this home. Never paid over ten years on any mortgage, because I detest interest payments. I'm also UAW. Then too, I have a working knowledge of the economy. Knowing that if the FED didn't lower interest rates, there would be fewer buyers out there seeking housing, fewer buyers would mean that prices would have to be lowered in order to move these home, price being the rationing mechanism. Then our real estate would have to take an even harder hit. Your just not understanding the multiplier effect, it works both ways and its spiraling in a downward manner right as of late. Govt has but two things that it can do, spend to fuel the economy or lower interest rates. Rates have very little room to move down any further. The stimulus we got seems to have fueled China's economy more than our economy. To lose any more jobs would not only cause those who lose the jobs to suffer, but others who depend on the wages of those working to keep themselves employed. Then the other tier of folks who depend on those folks for a living and so the contraction is on. This contraction is sometimes only a recession, however, it may be a depression if there is no one to fuel the economy. Then we and those whom we buy from, including the Toyota/Honda group, who feel the pain of contraction of an economy. Just who do you think will fill the void of govt spending on the war effort, if and when the war overseas comes to an end? Look at the economy after the Vietnam war and you will see a slow agonizing climb back to its prior high, years of pathetic growth and inflation erroding buying power. If you think you made lots of money on your home back then, you need to come to grips with the cost of replacing that home you sold. The reality is, in general, that you would have been no better off prior or after a bout with inflation. Thats unfortunate that the media has chooses to portray the UAW in a dim light of day. Because a small minority of Catholic priest do something that is criminal, we need not judge all of them or even the majority as evil. One Marine commits a murder and surely we can't label them all by the action of one and or even the action of a few. Then too, we must not judge or deem those bankers crooks for the fraud of a few. However, we can question the motives of media to put an African American, who is bad with money and over paid, as the poster child of the UAW. Just who owns the media? Who does media count for their support? Why did the media, at least FOX NEWS, try to suppress the bovine hormone story? |
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| I guess our taxes have been spent on the losing car industry. I am finished buying these cars that are taxpayer supported every year. NO MORE!!! I will get an import this time since I am being forced to pay for the two big loosers. If Ford can stay out of the bail out money, I will have to support them for doing there best but we will see. No more UAW leaders big mouth sucking noises or the UAW members can purchase from one another. | |
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Replying to: dallasdude1 (Jan 24, 2009 3:48 pm) That is exactly right. It has been that way forever. Do you think that the high wages garnered by the UAW in the 1940s, 50s, 60s, 70s has helped the rest of the USA come up to their elitist standard? If you think that, you are blind to the average American citizen. What the high standard of living did for the UAW was polar opposite for the majority of Americans. The price of owning a car went up faster than the wages of the rest of US. When I bought my first new car I could not afford a domestic. The year was 1964. I wanted a CJ5 Jeep. It was $1500 more than the Toyota Land Cruiser I bought. Does that $1500 sound familiar? My Grandfather did not benefit from the high style of living by the UAW workers. He was found dead of a heart attack after hours in the foundry in Erie PA. They worked him to death at age 56. He was a first line supervisor that thought the job was more important than his health. That was 1950. You always love to bad mouth trickle down economics. Well what do you call the high UAW wages. They may trickle down to the surrounding jobs. Then again they may just raise the cost of living in an area to where the rest of the people suffer more. I don't recall the UAW wages helping my stepfather make more as a builder. It just raised the price he had to pay for a truck. Of course all through the 1950s and 60s he could not afford a new truck. He would buy old beater trucks and work on them evenings and weekends to keep them running. In my mind the UAW workers were the communist elite that you despise in China. Reuther was a communist by all accounts. He did belong to the Socialist party. An evil man by most people's thinking during the 1950s when he was running the price of cars up past the middle class budgets. So you know where you can put your UAW helping the middle class CRAP. That is all it is, crap....
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Replying to: wiseman (Jan 23, 2009 2:22 pm) |
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Replying to: wiseman (Jan 23, 2009 3:57 pm) For what two reasons did child labor continue in the 1900s? Factory owners could hire children at low pay and families needed money. What effect did the Haymarket Riot have? A wave of anti-labor feelings swept the nation and membership in the Knights of Labor dropped sharply. The American Federation of Labor was only open to what group of people? Skilled workers Who supported striking railroad workers, organized coal miners, campaigned for improved working conditions, and spoke out about child labor? Mother Jones As a result of the Triangle Shirtwaist Fire what did New York and other states do? Approved new safety laws to help protect factory workers What militant union gained great strength in the Rocky Mountain states? Western Federation of Miners When George Pullman cut the pay of his workers at his railroad car factory, what did he not reduce for his workers? The rent he charged them for company-owned houses. What is a court order to do or not to do something called? An injunction Union workers staged thousands of strikes during the late 1800s by strikers won little sympathy at first from most Americans.
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Replying to: wiseman (Jan 24, 2009 9:12 am) Could be that they saved two years or more. Who knows? Define the gravy train? Have you worked in an auto plant?
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