Comments on: Some Links For A Saturday Night http://www.moneysmartsblog.com/some-links-for-a-saturday-night/ Investing and Personal Finance Sat, 11 Feb 2012 04:38:37 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Mark http://www.moneysmartsblog.com/some-links-for-a-saturday-night/comment-page-1/#comment-11648 Mark Sun, 08 Mar 2009 16:02:22 +0000 http://www.moneysmartsblog.com/?p=3403#comment-11648 I remember in the late 80's, early 90's I had a friend of mine working for a bus company who decided to go on strike. It's union president was all cranked up and telling anyone who wanted to listen how they were going to show the owners who was the boss... Ironically, a year and a half later, the company owners decided to fold and everyone - except the union guy who was "placed" by the union at another company - lost their jobs... Unions need to rethink their attitude. GM isn't selling ANY cars practically and this guy is saying that he can maintain its members pay and benefits??? Reality check my friend... I remember in the late 80′s, early 90′s I had a friend of mine working for a bus company who decided to go on strike.
It’s union president was all cranked up and telling anyone who wanted to listen how they were going to show the owners who was the boss…
Ironically, a year and a half later, the company owners decided to fold and everyone – except the union guy who was “placed” by the union at another company – lost their jobs…
Unions need to rethink their attitude. GM isn’t selling ANY cars practically and this guy is saying that he can maintain its members pay and benefits??? Reality check my friend…

]]> By: Gate VP http://www.moneysmartsblog.com/some-links-for-a-saturday-night/comment-page-1/#comment-11645 Gate VP Sun, 08 Mar 2009 05:29:16 +0000 http://www.moneysmartsblog.com/?p=3403#comment-11645 <i>...no union should agree to major cutbacks just because a company is in a short-term down period</i> Yeah, I wouldn't call "imminent doom" a "short-term down period". But I really think that the Union is partly responsible for that imminent doom, especially in the US. GM's health care and pension burden is basically going to prevent any hope of recovery that GM may have otherwise had. I think Ken Lewenza needs to ask himself the inverse question: <i>"Why do my Canadian Auto Workers deserve a lifestyle that completely overshadows equally skilled workers in other countries?"</i> A Canadian making 30k still lives a better existence than 2/3 of the world. Failing to negotiate concessions will put everybody out of work. The fundamental truth is that auto workers are over-compensated and the coming collapse in that industry is going to bear that out. Good link from Penelope Trunk. Watching people without work is an exciting exercise indeed. …no union should agree to major cutbacks just because a company is in a short-term down period

Yeah, I wouldn’t call “imminent doom” a “short-term down period”. But I really think that the Union is partly responsible for that imminent doom, especially in the US. GM’s health care and pension burden is basically going to prevent any hope of recovery that GM may have otherwise had.

I think Ken Lewenza needs to ask himself the inverse question: “Why do my Canadian Auto Workers deserve a lifestyle that completely overshadows equally skilled workers in other countries?” A Canadian making 30k still lives a better existence than 2/3 of the world.

Failing to negotiate concessions will put everybody out of work. The fundamental truth is that auto workers are over-compensated and the coming collapse in that industry is going to bear that out.

Good link from Penelope Trunk. Watching people without work is an exciting exercise indeed.

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