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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Taro who wrote (442401)	12/24/2008 11:14:36 AM
From: i-node	Read Replies (1) \| Respond to of 1577025

Well, neither I nor anyone else would claim the American automakers have done everything right; they obviously haven't. But it is just obvious to anyone who looks at the situation for a millisecond that the UAW is the biggest problem they face. And the UAW isn't blinking. They are entitled. They have nothing to lose. Before unions, when there was an economic downturn, business would either use layoffs or wage cuts to try to weather the storm. And often, they could make it by cutting hourly rates without having to lay people off. Today, the UAW would have a cow if anyone mentioned cutting hourly rates. And when you lay people off, you pay them anyway -- either through insane union plans or through unemployment insurance costs. In effect, there is no moderate alternative for businesses to be able to keep employees employed during economic downturns because the unions want it ALL. As a result, they may well get NOTHING in many instances.