dw57

Could It Be a Happy New Year for Chrysler?

well the average life expectancy today is 70s, not much up from 66. but more folks are lasting longer. but we can fix that. we just down grade our standard of living (which is in progress) and viola! problem solved. and you don't have to worry about needing your 401k either!


On Dec 21 08:16 AM derryl wrote:

> How can the Big 3 become profitably cost competitive in small cars
> against foreign competitors who don't have to pay Big 3-style legacy
> costs? Somebody recently pointed out that when public and corporate
> pension and health care plans were conceived, the financing was based
> on baby boom pyramid shaped demographics, and people retiring at
> age 65 and dying at age 66. Now the demographic pyramid is inverted,
> and people live into their 80s and 90s. The legacy costs are financially
> unsupportable. This is the bathwater that is drowning the baby.