Auto worker's strike

[ll74]

This morning’s WSJ headline.

Ford, GM Lay Off About 500 Factory Workers as UAW Strike Effects Ripple Out
More than 6,000 workers across Detroit Three and their suppliers are laid off as result of walkouts

They could have easily gotten rid of 1 upper management position for probably a higher return

 

[Pad_Foot]

The constant drum best of "the work hasn't gotten any tougher so the value of the work hasn't increased". - I e. They should all be paid the same as they did 40-50 years ago.

Except the value of the pay has decreased. So if you don't increase the pay, the result is that the value of the work being done has essentially been shorted.

Yup!!
Cuz they are selling cars for exactly the same price as 40-50 years ago
Do the designers get more and more money?
Do the engineers get more?
Why can the manufacturers manage to sell their cars that get 50 mpg in Europe but only 30 mpg here?? They deserve a raise!!

 

[RandyRebecca]

This morning’s WSJ headline.

Ford, GM Lay Off About 500 Factory Workers as UAW Strike Effects Ripple Out
More than 6,000 workers across Detroit Three and their suppliers are laid off as result of walkouts

As capitalism ripples out, actually.

 

[Fuzzy1975]

This morning’s WSJ headline.

Ford, GM Lay Off About 500 Factory Workers as UAW Strike Effects Ripple Out
More than 6,000 workers across Detroit Three and their suppliers are laid off as result of walkouts

That is how strikes work. I'm surprised you don't understand. BTW it was an additional, over what they already laid off, and there will be more to come as plants sit idle.

 

[colddiesel]

Toyota, VW, Honda, BYD, and Hyundai, each make and export more cars than either Ford or GM. Yet Mary Barra of GM is paid more salary ($32 million pa.) than the CEO's of those top five companies put together. Farley of Ford has a salary which is almost as obscene. Both companies are surviving on vast loans from the US taxpayer, via the Federal government. This policy of squandering vast quantities of taxpayer funded "welfare" on needy CEO's is supported by both the GOP and the Democrats.

Hardly surprising the UAW is striking. I think that the employers will probably make significant concessions, then put themselves into voluntary liquidation, sell the remaining assets to a new entity and walk away from the whole sorry mess. It probably will not happen for another 15 to 18 months..

 

[jaF0]

^^^ Set a threshold, some formula of revenue vs. worker salaries. Any Executive compensation in any form above that threshold would be taxed at 100%. No deductions, exemptions or other fiddlywonking of numbers.

 

[RandyRebecca]

Toyota, VW, Honda, BYD, and Hyundai, each make and export more cars than either Ford or GM. Yet Mary Barra of GM is paid more salary ($32 million pa.) than the CEO's of those top five companies put together. Farley of Ford has a salary which is almost as obscene. Both companies are surviving on vast loans from the US taxpayer, via the Federal government. This policy of squandering vast quantities of taxpayer funded "welfare" on needy CEO's is supported by both the GOP and the Democrats.

Hardly surprising the UAW is striking. I think that the employers will probably make significant concessions, then put themselves into voluntary liquidation, sell the remaining assets to a new entity and walk away from the whole sorry mess. It probably will not happen for another 15 to 18 months..

That shouldn't be allowed to happen. There should be nationalization of the company under workers' control. This is their livelihoods. The Democrats, the so-called "pro-labor" party, will side with the capitalist bosses, as usual.