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 - Good As New - by Bill Goodwin. In the summer of 1995, my father, Russ Goodwin, and I acquired the 1945 Farmall B that my grandfather used as an overseer on a farm in Waynesboro, Georgia. After my grandfather�s death in 1955, J.P. Rollins, son of the landowner, used the tractor. In the winter 1985, while in his possession the engine block cracked and was unrepairable. He had told my father
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