Could get ugly in the home of the UAW
The UAW is greedy:
But here’s a question: At $58 an hour, why the heck would Ford workers ever want to go on strike? That’s $121,000 per year in wages and benefits at a time when the average American worker makes $38,337.
And really: Who in their right mind would reject a $16,000 bonus at a time that most industries are shedding jobs and wages are falling?
It's no wonder the auto industry was in such severe decline last decade. Stagnant designs, overpaid workers...
As the UAW rank-and-file continues to vote on the contract offer hammered out between management and UAW honchos, the Detroit Free Press reports that at least one local has rejected the offer, even though it includes a $6,000 cash bonus, a $3,700 profit sharing bonus and at least another $1,500 cash for each of the four years on the contract for a total of $15,700 on top of wages and benefits.
Now that it is coming back though, it's time for them to reinvest the money, not pay out extra to unions or executives. Spend it on new designs and r&d and keep the automotive industry competitive, focus on gaining market share to bring in more jobs and longterm success.
I'm all for workers making decent wages, but certain unions have crushed business in the past decade. And people who go studying years in university, working in medical field or other life dependent fields, are hammered with debt and making half as much (if that sometimes) as someone who is working an automated assembly line...
edit on 11-12-2012 by boncho because: (no reason given)