It seems the unions lacked foresight as well, doesn't it? Did they really expect that the market could support such extravagant compensation?
And I believe you underestimate the impact of the Big 3 being "de-unionized" Here is a link from Forbes. As you can see, the Big 3 are compensating their workers to a tune of $50,000 to $60,000 per year more than their foreign counterparts. $55,000 multiplied by 100,000 workers comes to.....hmm...$5,500,000,000. I think that big number is 5 1/2 billion. Per annum, every annum.
Like the man once said, "A billion here and a billion there, and pretty soon that's real money".
How can you assert that 5 1/2 billion dollars per year in additional production costs is inconsequential?
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Today's Featured Article - Show Coverage: Argyle and Mt. Pleasant Labor Day Weekend Shows - by Cindy Ladage. The last fling before summer fades into fall and we get busy in the fields are the annual Labor Day tractor shows. Beginning on September 5th and running through the 7th, the Argyle Antique Gas and Engine Show is held at the Argyle State Park. Located in West Central Illinois, the pine forest was the setting for the opening of the 22nd show. This year we decided to try to sell a few tractor parts, literature and wrenches to offset my husband's buying sprees. Saturday
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