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Politics : Formerly About Advanced Micro Devices
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To: Joe NYC who wrote (437445)12/3/2008 1:34:54 PM
From: i-node  Read Replies (3) of 1573528
 


Of course, there is the management side that, capitulation after capitulation to the unions allowed the situation to reach the current crisis.

This is really where management's culpability lies. Had prior managements had the stones to say, "Go ahead and strike; you'll cut BOTH our throats" then the situation today would be different. But time and again, the unions have won out in the end using the coercive tactic of their power to totally shut down the corporation.

I have no fundamental opposition to collective bargaining, but the power of it has grown to a point where it is sucking the life blood out of our economy. GM could weather a strike at this plant or that, but when you have the entire UAW threatening to walk off the job, it is tantamount to putting a gun to management's head and demanding they sign off on a deal that may not be in the best interests of either the shareholders or America. Due to our misplaced emphasis on quarterly accounting, few managements can stand up to that kind of duress. They're forced to cave.

Decades of caving to the pressure has brought us to this point. I saw this morning that the unions are ready to talk, which is a radical change from 10 or so days ago. It will be interesting to see where this leads. Clearly, they realize there will have to be some stuff given back or their membership is apt to end up having their heads handed to them by some bankruptcy judge somewhere.
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