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Automotive News & Views Do You Favor A Government Loan To The Detroit 3?
3958 messages, Last post on Oct 02, 2009 at 4:52 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: cooterbfd (Nov 26, 2008 5:35 pm) Very simple. Worker A and B have no control, the consumer decides. Worker A can either work 2X faster, have 2X better quality, or just convince the market their product is worth their extra pay. It would be a nice world if everyone could decide what they will accept. 
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Replying to: cooterbfd (Nov 27, 2008 7:59 am) If the people of AL can build a car for $15K that is the same as the car built in Detroit at $18K, then the people of Detroit better either lower their expectations, or find something else to do. |
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Replying to: cooterbfd (Nov 26, 2008 5:35 pm) This reeks of Socialism.......I have seen and experienced it myself. In fact I have gotten higher wages because I worked in a Metro, doing the same job for the same company that worker B did doing it in a small town with lower living expenses. It felt good. Gave me an incentive to not move away from the Metro, and in other cases, gave an incentive to the guy B to move to the metro. A pay raise for doing nothing more. But that is the small picture. The big picture is that it raised the corporate expense. Following which, the company relocated it's metro operations to the small town!!!!
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Replying to: steve_ (Nov 26, 2008 10:22 pm)
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Replying to: cooterbfd (Nov 27, 2008 7:59 am) |
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Replying to: cooterbfd (Nov 27, 2008 7:59 am)
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Replying to: chikoo (Nov 27, 2008 8:16 am) Wouldn't you consider that good business sense? My son in law was moved from San Diego to Indiana. They gave him a small raise. His cost of living is about half of what it was here in San Diego. So he is starting to get ahead after 6 months. Where they were always struggling here to make ends meet. The company has much lower cost of doing business. So everyone is happy. Maybe if GM would have closed every old outdated plant when the UAW struck them, they would not be crying for US to give them money. I have NO sympathy for the ignorance at GM over the last 30+ years. Toyota and Honda have given them a close up picture of how to run a successful business and they continued to do it their way. Well let them get out of this mess Their way...
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Replying to: gagrice (Nov 27, 2008 5:32 am) Exactly! I think we've already determined that. The UAW total compensation package what's killing them. Not the hourly wage. Have you seen what the Postal Service workers make? Try walking in their shoes some day. I'm not for bailing out GM and the UAW but their business practices need major overhaul. And I also agree with capping the CEO's pay/ it's obscene what some of these guys make for running companies to the ground. Where do I sign up for one of them jobs?
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Replying to: elroy5 (Nov 27, 2008 8:16 am)
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Replying to: rogeliov (Nov 27, 2008 9:33 am) The agency asked Congress last week to allow it to dip into a trust fund to pay for its retirees’ health care. In addition, the agency plans to cut 100 million work hours this fiscal year, its board of governors announced last week. Both steps illustrate the Postal Service’s dire financial condition: It lost $2.8 billion in 2008, despite slashing nearly $2 billion in expenses. Experts say the 2008 numbers underline the need for more sweeping changes. And they say the next Congress will have to make a tough choice: Either allow the Postal Service to operate more like a business, which could mean numerous facility closures and the end of Saturday delivery, or hand out billions of dollars in subsidies to keep the Postal Service solvent. A postal reform law passed by Congress two years ago accelerated the Postal Service’s financial woes by requiring it to fully fund its retiree health care accounts within 10 years. That means the Postal Service owes $7.7 billion this fiscal year toward its health benefits. Most of the money, $5.4 billion, goes into a trust fund that’s used to pay future benefits; the other $2.3 billion pays the Postal Service’s contribution toward insurance premiums for current retirees. “We no longer believe that payment schedule can be maintained, and we’re seeking relief from some of our health benefit payments,” said Alan Kessler, chairman of the board of governors. “But this relief will not fix our underlying issues.” http://www.federaltimes.com/index.php?S=3821780 |
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