z28rgr8

Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?

Apparently there are a number of pro-union folks who read this. Fact is the US auto makers make money in every market they produce in with the exception of the United States. The $78/hour should include health care and all other benefit costs associated with the employees. The amount is double what it should be and unless it changes, we'll all be driving foreign vehicles and these workers will be out of work. If that's preferable to them, then ok.

Should we bail them out? No, not with the current expense base and not without demands placed upon them to streamline their product mix. Manufacturing should move to more economical places and labor expenses should be brought into line with the actual skill associated with the jobs. In short, they need to run this like a business and not an entitlement zone for the unions.