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Biden accuses Big Three automakers of making 'record profits' that must be 'shared fairly' with UAW strikers
FOX Business ^
| September 15, 2023
| By Chris Pandolfo
Posted on 09/16/2023 5:10:56 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer
...Biden said the Big Three automakers were making "record profits" that "have not been shared fairly, in my view, with workers."Thereby pissing off the OWNERS of these auto companies:
the SHAREHOLDERS!!!
61
posted on
09/16/2023 5:13:24 PM PDT
by
Elsie
(Heck is where people, who don't believe in Gosh, think they are not going...)
To: Oldeconomybuyer
... in my view...Your classic Corvette has increased in value.
Sell it and SHARE the profits with the autounions.
62
posted on
09/16/2023 5:14:51 PM PDT
by
Elsie
(Heck is where people, who don't believe in Gosh, think they are not going...)
To: oldtech
63
posted on
09/16/2023 5:17:40 PM PDT
by
Elsie
(Heck is where people, who don't believe in Gosh, think they are not going...)
To: isthisnickcool
“...where they basically hang out and read or sleep. He said one guy has done this for 8 years.”
Yes - I read about that years ago. I believe they were supposed to be “career learning centers”. A big lunch room or conference room where the autoworkers could learn knew trades.
Except they spent their time watching TV, playing cards, reading books, etc.
One car maker got tired of that, and while they offered on-line learning in other trades, along with trade books, etc. they did not allow the workers to bring in recreational items such as cards, novels, food, etc.
The workers were getting their usual salary the entire time.
Years ago the Boeing factories went on strike over health care. It was a huge thing. But the media never said specifically what it was. But that the workers should get good health care just like the owners, etc.
The main sticking point was they wanted to have the worker’s pay a $5 dollar (yes $5.00) co-pay instead of no co-pay for doctor visits. At the time I was paying (private insurance, work for myself) $25 a visit co-pay, and then get charged more later on depending on the services.
Now with the affordable health care act and state provided insurance I pay $50 copay!
64
posted on
09/16/2023 5:29:28 PM PDT
by
21twelve
(Ever Vigilant. Never Fearful.)
To: Rlsau1
Profits are for owners. Workers should get paid based on the value of what they do, not on some arbitrary whim.
Well, to be fair, the value of what they do IS the revenue/profit!
To: joe fonebone
Workers on the line make as much as, if not more, than a degreed engineer.
One of my buddies from an old Guard unit worked at GM. Their old pay scale (maybe 10 years ago), he was making about $40 an hour base rate.
To: OHPatriot
Don’t forget cops and firefighters game overtime in last few years before retirement to goose their retirement pay which is usually based on high 3-5yrs.
I've never understood that. What idiot in management first thought to base retirement pay on anything other than the base pay rate? And almost every company/gov does that too. OT should be a side benefit that has no bearing on your pension or such.
To: Brian Griffin
For example, once all 2024 products go off warranty
~~~~~~~~~~~~~~~~~~~~
My 2017 Toyota Highlander has a bumper to bumper life time warranty. Not only for me but if I pass the car onto one of my children the warranty will remain in effect for that child too.
68
posted on
09/16/2023 7:22:27 PM PDT
by
Graybeard58
(There are only two sexes, male and female but there are 57 different types of queers.)
To: Brian Griffin
69
posted on
09/16/2023 7:23:23 PM PDT
by
Graybeard58
(There are only two sexes, male and female but there are 57 different types of queers.)
To: Brian Griffin
70
posted on
09/16/2023 7:23:26 PM PDT
by
Graybeard58
(There are only two sexes, male and female but there are 57 different types of queers.)
To: Svartalfiar
That’s language in the contract. The union lawyers are pretty slick. Contract language is forever. At some point the union exploited this loophole. They will NEVER vote to give that perk up.
71
posted on
09/16/2023 7:30:45 PM PDT
by
OHPatriot
(Si vis pacem, para bellum)
To: Oldeconomybuyer
How very communistic of him.
72
posted on
09/16/2023 8:30:22 PM PDT
by
luvie
(🇺🇸The bravery/dedication of our troops keeping us safe & free make me proud to be an American.🇺🇸)
To: sit-rep
73
posted on
09/16/2023 8:44:47 PM PDT
by
luvie
(🇺🇸The bravery/dedication of our troops keeping us safe & free make me proud to be an American.🇺🇸)
To: srmanuel
A fair share is defined in the bargaining process, anyone outside of the two parties involved saying what’s a fair share is foolish. As I always read in those airplane magazines, "You don't get what you deserve, you get what you negotiate."
74
posted on
09/16/2023 8:53:45 PM PDT
by
dfwgator
(Endut! Hoch Hech!)
To: Qwapisking
The employees already received their “fair share” when the company paid them the amount they agreed to in the previous contract. What these communists want (as they always do) is more than their fair share; they want to take what others have earned as well. None of their arguments hold water. Their role at the company is transactional; they agreed to sell a certain amount of their labor for a certain price. Once that transaction has occurred, both sides have fulfilled their obligations, period. Just because the executives at the company have a different agreement is no business of theirs. And if they think they are owed some portion of the profits of the company, then they need to risk their own capital by investing in the company, and fortunately for them there is a way to do that. We call it “buying stock” in the company.
I’m retired now, but when I was still working I had a conversation with an entitled millennial who I supervised. He was constantly whining about deserving more, using exactly the same logic as the UAW. When I calmly explained that his pay arrangement was purely transactional, and that the organization owed him nothing more, he would whine and complain, but I could tell that it sparked a realization of the truth in him, even though he didn’t want to admit it.
If you can get them to stop being driven by their emotions for a moment, and instead just think logically, they start to get it, even if they don’t want to. Just ask them things like, if they pay someone to repair their car then why shouldn’t that mechanic also be able to demand a share of their paycheck? Clearly, they depend upon their car to work, so without the mechanic’s labor they wouldn’t even be able to make a living, right? Turn their own illogic against them and they are left with no argument other than pure, childish, “because I want it.”
75
posted on
09/16/2023 10:37:30 PM PDT
by
noiseman
(The only thing necessary for the triumph of evil is for good men to do nothing.)
To: luvie
76
posted on
09/17/2023 12:28:19 AM PDT
by
sit-rep
To: Svartalfiar
Well, to be fair, the value of what they do IS the revenue/profit!How the pendulum swings!
The workers tend to think that THEY are the owners.
Why does this only seem to affect 'workers' at LARGE businesses?
If they tried this at a small one, they'd be out the door and replaced SO fast...
77
posted on
09/17/2023 4:54:55 AM PDT
by
Elsie
(Heck is where people, who don't believe in Gosh, think they are not going...)
To: Svartalfiar
Granpa; what did you do back in the 80’s?
Well, I was an air traffic controller for a while...
78
posted on
09/17/2023 4:56:34 AM PDT
by
Elsie
(Heck is where people, who don't believe in Gosh, think they are not going...)
To: noiseman
79
posted on
09/17/2023 4:59:12 AM PDT
by
Elsie
(Heck is where people, who don't believe in Gosh, think they are not going...)
To: elpadre
Well, plus, American cars mostly suck.
80
posted on
09/17/2023 6:06:39 AM PDT
by
dinodino
( Cut it down anyway. )
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