Charto

The Biggest Problem Detroit's Big Three Face

Okay so acting from a neutral standpoint even if there workers were to be paid lesser socio-economic country wages of $4.00 an hour that would still not solve the problem as the excess inventory of cars will not be sold for a while as its not what the consumer wants nor is it an affordable item at a time like this as shown from recent sales numbers (yes I do know that overall GM does outsell Toyota) and with other costs factored in (legacy, operating fixed costs, etc..) it would still be hard to keep a double edged sword in GM profitable so shouldn't we let free market capitalism reign and deal with the dire consequences. It just doesnt seem to be sensible to throw good money at bad and let the big 3 burn through our money. Unfortunately I don't think that there is a viable solution that can be had in such a short time frame. Toyota is also losing money and cutting its outlook but they are still surviving in the same environment in which the big 3 have recently dealt with. (I'm currently a senior studying economics let me know what you think of my basic outlook so far)