Let Them Eat Cake

#82
#82
Velo Vol said:
Maybe the bigger issue here is whether or not we should be giving the industry billions of dollars?

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McDad said:
We aren't allowed to let industries thrive or wilt based on their own market. We live in a "the government MUST do something" America. Every hurdles, inconvenience, fear point is remedied by approaching the temple and offering sacrifices as we make our supplications known to Uncle Sam.
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If government had managed wage inflation, this wouldn't even have been a discussion. Our government aided labor in pricing our industry completely out of competition in the world market; and later, government backed globalism drove a spike in our industry.

The UAW vs the Big 3 is a perfect example. Every year in they picked one of the Big 3 for a strike. The car companies could not support each other, but unions could pay strikers benefits from funds still coming in from the other two companies ... the union could outlast the car company in the barrel. When surrender came and unions got their way the contract was forced on the other two. The next year brought the same deal with another company. To add to the misery index, other unions like the Teamsters and steel workers could support the UAW. Anti-monopoly rules were never enforced or even considered against unions. That guaranteed constantly escalating wages and benefits without matching gains in productivity - INFLATION.

Governments then stepped in and jacked up the minimum wage for everybody else. In short, dems were buying labor votes, the country was living way beyond it's means, the bill came due a few years ago, and we are screwed.
 
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#83
#83
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#86
#86
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#91
#91
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#95
#95
AM64 said:
If government had managed wage inflation, this wouldn't even have been a discussion. Our government aided labor in pricing our industry completely out of competition in the world market; and later, government backed globalism drove a spike in our industry.

The UAW vs the Big 3 is a perfect example. Every year in they picked one of the Big 3 for a strike. The car companies could not support each other, but unions could pay strikers benefits from funds still coming in from the other two companies ... the union could outlast the car company in the barrel. When surrender came and unions got their way the contract was forced on the other two. The next year brought the same deal with another company. To add to the misery index, other unions like the Teamsters and steel workers could support the UAW. Anti-monopoly rules were never enforced or even considered against unions. That guaranteed constantly escalating wages and benefits without matching gains in productivity - INFLATION.

Governments then stepped in and jacked up the minimum wage for everybody else. In short, dems were buying labor votes, the country was living way beyond it's means, the bill came due a few years ago, and we are screwed.
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this seems like a good place to park this. What Covid relief package really was about.

Opinion | Biden Bails Out the Teamsters
 
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