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Congress Offers Big Three Automakers Help, Makes Demands in Exchange

I need to add to my above that I sure hope something is worked out. I may not be related to it but I SURE DO NOT WANT TO SEE THE DETROIT AUTO INDUSTRY FOLD!

Congress Offers Big Three Automakers Help, Makes Demands in Exchange

My earlier comments were incorrect.

My information about wages from articles in the newsmedia was misleading as is a large part of the information the media publishes.

From what I've found out in the meanwhile is that the payscale for autoworkers is between $14 and $33 per hour. Of course that is from the media also but it sounds more reasonalble. Apparently the $73 per hour I have seen quoted in the newspapers includes benifits. That seems like a lot of benifits!

I'm not down on the union worker although I sure think things like the job bank where a laid off employee gets 95 percent of his wages while laid off, and some of the modern day retirement packages are a little much. Also, I need to point out that the union negotiated with the automakers for the terms that are in place and they agreed. What would you expect a worker to say to better wages or benifits for himself ... No?

If I'm down on anyone it's the newsmedia! Anything sensational will do for them whether it's misleading, wrong, or what. They slant the news and suck people like me into believing incorrect information.

Maybe the UAW workers will have to make some wage concessions for congress to aprove some money for the industry; I don't know. We'll find out.

Congress Offers Big Three Automakers Help, Makes Demands in Exchange

I agree with riggerunner! Along with the fat pigs in the auto industry lets look at what the UAW has managed. I don't see how the autoworkers in Detroit are so much more skilled to be entitled to the kind of pay they make compared to the average U.S. worker.

I think that over the past years the big three have simply caved in to the UAW to prevent strikes and the loss of company income that would ensue.

Where are any provisions in the Congress' conditions concerning the Detroit payscale? I certainly approve of the conditions concerning the fat cats and their bonuses but how about the $70 per hour average wage of their production emplyees. How about if the UAW scales back so they make somewhere near what the rest of us in the country make. They want me and the rest of us peons to subsidise with our taxes their lush income.

The Case Against Investing in the Dow Industrials (For Now)

Steven,

A very interesting article !

The Case Against Investing in the Dow Industrials (For Now)

Steven,

A very interesting article!