I agree, however it doesn't mean the Union is "bad" for not conceding the same.
Is the union bad for breaking decades old pattern bargaining which more or less kept the big 3s labor cost the same?
I agree, however it doesn't mean the Union is "bad" for not conceding the same.
The laws of mathematics are assuming too much?
Your cost of labor increase exponentially every time someone retires. If you can show me how to profit doing that over the long run in real world (great growth times and no/- growth times) and I will make us both a trillion dollars.
The nature of our boom/bust cycles alone makes it impossible as you are currently seeing. Company A ramps up production in order to meet demand during time of very high demand. Demand severly drops off causing company A to dramatically reduce production but company A only reduces a fraction of the cost from the reduced production.
Its alot like a ponzi scheme. It requires constant growth to survive and that just isn't possible. If you think it is, I have a few investments you should consider that are guaranteed to make money!
Is the union bad for breaking decades old pattern bargaining which more or less kept the big 3s labor cost the same?
As I recall Uncle Sam told the UAW that if they wanted the government to help the 2 failing auto companies that eventually filed for bankruptcy the UAW would have to accept that the good old days were over and give up their golden goose. The UAW did not go quietly and fought tooth and nail to keep things as they were. Eventually the 800# gorilla prevailed.
Half true. The Unions had already made huge concessions to help the Big 3. The Government merely demanded even further concessions.
It just shows them to be out of touch and greedy.
Not really. They get the best they can for their Members. It just shows that they are flexible.
If the industry was healthy, but it is not.
And that would be an accurate presupposition. The problem has always been that domestic automakers cannot compete because of the UAW, not that they don't know how to engineer or develop good vehicles, nor that domestic automakers somehow manage to hire only the highly qualified auto industry executives who are incompetent, while Toyota and Honda have some 'magic' fairy dust which make their executives or engineers really good. GM, Ford, and Chrysler don't hire "different" auto executives, nor do those auto executives do anything "differently", than foreign automakers.The thread title of will the UAW get Ford too is arrogant, false, misleading, and pre supposes its the UAW that killed GM and Chrysler.
As for health care costs, watch the employees file-out of a unionized Japanese factory at the end of shift; business casual dress, clean cut, college educated, none of them overweight. Watch the employees file-out of a unionized American factory; beer stained Harley T-shirts, crusty beards, tattoos, blue jeans, lucky if everyone graduated high school, massive pot bellies, smoking or chewing.But we must realize that health care reform can address some of those UAW health issues also.
Laws of Mathematics? Which Law would that be? Pythagoras Law of Ford's Failure?
Things change, you have no idea what Todays agreement will result Years from now. Nor do you know what things will change between Now and Years from now.
Those Toyota and Honda workers don't get pensions and retirement health care. They get 401k like everyone else nowadays. So, no matter how long Toyota and Honda operate in the US, they will not have the legacy costs that American automakers have.The difference is in how long they have been operating in the USA. Its now a yes, Toyota, Honda and other foreign competition can price undercut traditional domestic makers like Ford, GM, and Chrysler by $2000 per vehicle because of reduced pension and health care costs. But when those Toyota and Honda workers start to retire in 10 years or so, the costs of Toyota and Honda vehicles will rise dramatically as those legacy costs kick in, and then the cost inequity will vanish.
But we must realize that health care reform can address some of those UAW health issues also.
As I told you already, you should brush up on the law of exponents.
Here is a simple exercise for you. Lets see what happens when we start with a penny and double it every day. Doesn't sound like much does it, but lets see what it looks like over the long run.
Day 1: $.01
Day 2: $.02
Day 3: $.04
Day 4: $.08
Day 5: $.16
Day 6: $.32
Day 7: $.64
Day 8: $1.28
Day 9: $2.56
Day 10: $5.12
Day 11: $10.24
Day 12: $20.48
Day 13: $40.96
Day 14: $81.92
Day 15: $163.84
Day 16: $327.68
Day 17: $655.36
Day 18: $1,310.72
Day 19: $2,621.44
Day 20: $5,242.88
Day 21: $10,485.76
Day 22: $20,971.52
Day 23: $41,943.04
Day 24: $83,886.08
Day 25: $167,772.16
Day 26: $335,544.32
Day 27: $671,088.64
Day 28: $1,342,177.28
Day 29: $2,684,354.56
Day 30: $5,368,709.12
Look the numbers up yourself. Just a few years ago GM was paying benefits to over 1.1 million people that no longer produced anything for the company. Around the same time they had roughly 250,000 employees actually producing. Are you honestly trying to argue that is a sustainable business model?
Gibberish.
I would be happy to send you my daughters math book at the end of the year if you PM me your address. I'll even cover the shipping.
What does doubling a penny(or any amount) repeatedly Prove? Nothing. Gibberish argument.
Increasing production costs because the amount of people you are paying NOT to produce will continue to grow and will eventually get out of control.
Nevermind, I have explained this many times already. You either already get it and don't have a better argument against or you need a better elementary math teacher than me.
You assume.
Nope. Real world results, that I have already posted, prove my argument. What do you have?
I agree with Cad. Ford should just chuck the union wholesale. I wonder how much inventory they have to hold them over while they re-train the new hires.
