Where Would General Motors Be Without the United Automobile Workers Union?
I'm guessing fat city.....let's take a looksie at some facts.........
Toyota makes a profit of about $2,000 per vehicle, while GM suffers a loss of about $1,200 per vehicle, a difference of $3,200 per unit. And the far greater part of that difference is the result of nothing but GM's being forced to deal with the UAW. (Over a year ago, The Cincinnati Enquirer reported that "the United Auto Workers contract costs GM $2,500 for each car sold.")
Without the UAW, the cost of employing a GM factory worker, including wages and fringes, would not be in excess of $72 per hour, which is where it is today, according to The Post-Crescent newspaper of Appleton, Wisconsin.
As a result of UAW coercion and extortion, GM has lost billions upon billions of dollars. For 2005 alone, it reported a loss in excess of $10 billion. Its bonds are now rated as "junk," that is, below, investment grade. Without the UAW, GM would not have lost these billions.
Read the rest right here.
Why will GM ultimately fail?
Because of stuff like this.
h/t Hispanic Pundit
3 Comments:
Unions are like a virus. They eat away at the host for their own gain until nothing is left, and they too die.
"For much of the past half century, Detroit's Big Three auto makers had collaborated with the UAW to create an industrial aristocracy of blue-collar workers whose pay and benefits set the standard for the American middle class. "
something about this line ... it can't tell if I'm jealous or upset I missing out
they would be wealthy beyond belief - unions suck the life out of a company/organization.
i've been in forced unions (state and county) although i never figured out what they did for me or the work situation in general.
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