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View Diary: Do you think UAW workers make $70 an hour? UPDATED (211 comments)

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  •  Well, they pay current workers comparable wages (4+ / 0-)
    Recommended by:
    Mote Dai, JDPITALIA, Terra Mystica, LynneK

    and benefits, what they don't have is the retiree costs.  They operate like Southwest Airlines which has not accumulated those liabilities.  It's not current workers that are causing the issue.  The rest of the issues are not worker issues but operating issues for these car companies.  Toyota has it's own problems...they have agreements with their Japanese workers that require them to keep and pay their workers even during a slowdown so they are quickly eroding their cash reserves.  It will be interesting to see what the Japanese government does if Toyota or Honda needs their assistance.  I am sure they will not think twice about it.

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