On shortsightedness
Sunday, August 5th, 2007UAW prepping for a strike… just in case, says Autoblog. Just in case they strike, making revenues go down, meaning less money for their precious pensions and too-high wages?
Autoblog adds but if the domestics can’t close the $30/hr labor cost gap with their Japanese competition, there’s a chance none of the active or retired UAW workers will have a retirement to look forward to. Thirty dollars an hour differential. Unbelievable.
Reason has much more on UAW health care. Excerpt:
UAW workers still enjoy a health-care deal that no one else in America
or Japan—or quite possibly the planet—does. Yet Mr. Gettelfinger said
last week that the 2005 health-care givebacks were the toughest
decision he ever made in his entire career. This is a startling
admission that reflects the depth of the UAW’s entitlement mentality,
and its detachment from the world that its fellow Americans inhabit.