Tuesday, November 18, 2008

Automaker bail out

I find it very funny (not ha ha funny) that the car companies are asking for money to help them stay in business and yet the United Auto Workers union is the ones bleeding them dry. In a country where nearly every worker has had to make sacrifices when it comes to benefits and pay, the UAW have better benefit packages than anyone and it is cleaning out the automakers. Even more hilarious is that the president of the UAW has clearly said that the Union will make no concessions. So either the government bails the automakers out or they close and all UAW employees lose their jobs. Yep, the UAW is certainly looking out for their members' best interests. So rather than restructuring some benefit packages (which far exceed almost all other non-union workers) which might cost each worker a few hundred dollars a year, the Union is willing to risk people losing their entire salary. To put it more clearly that's saving each employee about $500 a year against $40,000-$50,000 (or more) a year. Doesn't that seem a little shortsighted?

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