Saturday, December 13, 2008

Car Talk

The big to do (read that as lie) now is that American auto workers get paid $70 an hour. It's easy to get on the rank and file workers who put in their hard day's work. Management are the ones who get paid far more than the regular workers for their wisdom in guiding the company to profitability; they make the big decisions. The union does not decide the marketing or the style of car to be produced or anything else that deals with sales. Yet they are the ones who seem to be under the microscope.

This is all part of the continued march to the bottom. The unions negotiated and were able to get good benefits for their workers; now they are being singled out. I hate to sound like a broken record but wall street got what they wanted without asking their workers to take a cut. That being said, a lot of jobs were lost while the big shots still party (ex. AIG spa vacation thing). Always the mythical little man.

Somehow we have gotten to the point in this country where it is alright to put in a lifetime at work and then be left out in the cold. The $70 an hour costs consists of the legacy costs of retired workers pensions. Pensions that were invested in while the companies were very profitable. The union is what made the three American auto companies behemoths. The workers earned their pensions, this is not welfare.

The post is a little bit snarkey but I had to get the "stress off my chest like breast reductions."

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