Bababooie

Does the Auto Industry Deserve To Be Bailed Out?

With a psudeo of Investor Nirav, It's highly unlikely that the author is a North American Born Citizen. Protectionest legislation in other countries are not allowing natural growth of an industry globally. The car companies are taking actions by exporting some of their labor overseas. The Author cited details on wages at the Auto Companies, but failed to mention the actual education that the workers have, and are striving to obtain. The current model of wage is abnormally high, but so are the wages of Financial managers of companies that are fialing and have failed. I am talking about MBA's, & Professors from the likes of Harvard, and Yale. The good ol' boys network got them in a position that their fathers might have been able to handle with LESS education.

The author had indicated that the conversation was with a "fellow student". The Author is obviously in the process of getting an education. Every education comes with a cold shower of reality once in the marketplace.

The Autoworker are getting paid exactly what the marketplace demanded. There are varying degrees of education by these workers. The SMART ones can get a comfortable income, while not having to deal with a lot of stress.

My advise to the Author.....Try and get a job (and Keep it!!)