abetterplace

$10 an Hour Pay Gap = Billions of Extra Dollars a Year

Yes Mark, you are on the money with the analysis. There is another factor involved however, that most will not talk about and that is company loyalty.

As we have seen on TV a few times in the last 20 years or so, programs that have shown the pride and company loyalty that Asian workers embrace. A dedication by workers to do a good job and create a successful company. This idea has been integrated, to a point, into the American plants of these companies. These companies try to create a team approach in their business, and do.

To the dismay of American producers that have also tried this approach over the past years, it does not work. The labor unions will not allow it to work.
Many labor unions look at the company as "the enemy we must fight daily to obtain what we want from them". Company loyalty, forget it.

I am convinced that unless the "Big Three" are able to get more control over their workforce, they are doomed to failure.

Why the U.S. Automakers Should Get a Bailout

Give the Big3 a new Loan provided they will go by the new rules.
Until these companies are turned around they will reduce white collar salaries by 25%, reduce labor salaries by 20% and require retirees to pay one half of the insurance premiums. There have been many companies over the past few years that have went to their retirees requiring them to pay portions of their premiums.