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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (14774)	5/5/2005 4:59:11 PM
From: Big Bucks	Read Replies (1) \| Respond to of 25522

Kirk, it doesn't work that way... US auto laborer's have homes and roots in regional areas, and are union workers. The new auto factories are being built where labor costs and local taxation are favorable to their bottom line. A senior auto factory laborer would be hard pressed to uproot his family and move to where wages and benefits are 1/2 of what he has been making for 18+ years. Local labor makes up the major % of jobs in new factories...that is why localities are giving exceptional tax incentives for new factories. The UAW is a dinosaur that is slowly going into extinction.... I heard on CNBC this AM that $2000 of the cost of every car made by GM goes directly to worker benefit programs.