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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: koan who wrote (68596)	9/5/2007 3:09:35 PM
From: ajtj99	Read Replies (2) of 116555

Get over it. The disgrace is the UAW and GM/Ford/Chrysler teaming up to make their unskilled workers some of the highest compensated workers on the planet for their level of education. Sheesh, drop out of high school, turn a screw on the line for 25-years, retire, and expect that employeer to spoon feed you for another 40 years while you go to your cottage, hang in your retirement home in Florida, fish off your boat, or travel in your motor home. Any worker who hummed along to Billy Joel's "Allentown" knows the game changed about 25-years ago. There is no job security, and that includes benefits and future benefits. The rank and file UAW have been fooling themselves for way too long. Get a clue, have a back-up plan, and don't bank on mama automaker to change your diapers in your old age. In edit, the Robert Stempel 1992 UAW contract did as much to bankrupt the US auto industry as anything. However, the workers had no problem grabbing anything they could. $75/hour in wages in benefits was reasonable in their eyes for working the assembly line with work rules that prohibited people from doing real work.

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