Quote:
Originally Posted by gtahvit
GM's financial trouble began as a result of paying unions triple what their global competitors were paying factory workers. Yes, health care, pensions, are huge contributors to GM's overhead. But the UAW has held GM over a barrel for years. While the competition was streamlining GM was getting overcharged. The straw that broke the camels back was gas prices and the economy.
Now, I completely agree that the new deal with the union is "fair" But, I don't see the need for union any more. With Federal and State HR laws what they are today. Employees have all the protection they need. Unions for the most part are inefficient and top heavy. Based on my experience in working with them routinely.
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The reason the pay is what it is, Henry Ford paid his workers more than the robber barons did. Now don't go think that he did this because he had a heart of gold. He knew he had to create a middle class for people to buy his products other than the rich who, at the time, were the ones buying automobiles. He knew other companies would have to increase what they gave to their employees and yes, they were pissed at him.