Overdemanding UAW Suffocates American Auto Industry
According to the Daily Nexus:
General Motors, the largest automobile company on the planet, earned over $200 billion in revenue last year, but by December, had nearly $2 billion in net losses. Similarly, Ford Motor Company found itself in the red in 2006, bringing in roughly $160 billion while losing $12 billion overall. Why are such clearly profitable companies experiencing massive net losses? Labor unions.
There was a time when labor unions helped create an equal playing field for employees and their employers. Gross human rights violations and unfair labor practices required organized action on the part of employees to fight for life’s basic necessities. The days of thoughtless abuse inflicted by employers have long since passed, and today Americans enjoy better work conditions than ever before.
However, these archaic relics still linger and have transformed into an unrelenting plague upon American business, fighting tooth and nail to squeeze every dime they can from corporations. Labor unions, despite experiencing a decline in popularity, have shifted their focus from human rights issues to nitpicking details of wages and retirement plans, leaving many companies in the red...click to continue.
