“Cut wages and hours...and ultimately cost of cars. Get rid of the Union...Yeh, like that will happen.
Get rid of all the Teacher Unions, too.”
You’re right about the unions, but the article doesn’t mention the fact that GM is suffering for mistakes made decades ago with management now retired or dead or both, not any that present management made.
How long has the auto industry been unionized? Since the Depresson, at least. Cheering the demise of yet another domestic manufacturing sector is the height of stupidity. There will come a time when it is not just the loss of employment that is mourned. GM has been putting out some really good product for going on five years, now. They’ve been turning the corner. All for naught, never to be forgiven for bureaucratic bumbling in the seventies and eighties, it seems.
Every single automotive manufacturer in the world is going to be in big trouble, if they’re not already, including Toyota, due to this economic crisis. Toyota has had de facto subsidy all along. Is it “right?” Not for us to say, apparently, since we have no say in the matter. Do we really want to be like England?