Hopefully, the auto workers' strike against three of the Big Three auto plants will yield fair and generous results for the workers, given the enormous profits the companies are enjoying, the generous salaries the industry's execs are reaping, and the sacrifices labor made to keep the lights on when the industry was on life support back in 2008. However, labor's leverage to bargain may have a future about as bright as that of the internal combustion engine.
I appreciate your comments on the automakers profitability - but overall, not too much compared to other American firms. I assume (and hope) that the majority of UAW members are also shareowners of their employer - and share in whatever share price appreciation and dividends earned and distributed out of the company profit. If they are not owners, they have gotten bad financial advice.
I appreciate your comments on the automakers profitability - but overall, not too much compared to other American firms. I assume (and hope) that the majority of UAW members are also shareowners of their employer - and share in whatever share price appreciation and dividends earned and distributed out of the company profit. If they are not owners, they have gotten bad financial advice.