(meme) GM CEO resigns at Obama's behest
Everything I've read from economists (as well as everyone's favorite or most hated MBA blogger) points to the UAW stifling innovation at GM, Ford, Chrysler vis a vis other companies with plants in right to work states.
In principle I'm fine with workers organizing, but the sad reality is that they often do so very poorly. Instead of pitting management vs. labor, why not give all employees equity options? Then they can have some ownership in the company and work hard to make it better, instead of just seeking to leech ever-costlier health benefits off it once they retire.
The saddest thing about unions like the UAW is that they allow retired workers to vote in contract negotiations, thus turning once stellar companies like GM into giant health care and pension providers with a side business in building crappy cars.
By contrast, you simply can't blame auto executives for much if any of their problems. Do you think they wanted to run the company into the ground? Bollocks, their hands have long been tied by forced unionization contracts.
For instance smaller fuel-efficient cards like the Ford Focus are actually built and sold at a loss. These small cars are more labor-intensive than larger vehicles, which places these unionized companies at a serious competitive disadvantage. That's why the Big 3's most profitable business has been building SUVs and trucks like the F-150 — these models use relatively more parts than labor.
Subscribe to:
Post Comments (Atom)
Blog Archive
-
▼
2009
(1987)
-
▼
March
(171)
- Modern kings
- Planning ahead
- Why there's no easy hunger-satisfying drug
- Link blag
- The politics of medical marijuana
- Twitter funnies
- Gracias amigos
- Meet the new America... kind of like the old America
- Eight talking heads debate prohibition
- Link blag
- Ignorant fundies
- Medicinal use
- The dangers of ideology
- Be not afraid, ctd
- US and Iran open Afghanistan peace talks
- Could we please fire the UAW, too?
- One under par
- Maher on the marijuana question
- Those imaginary lines called borders
- Set phasers to "OohRah!"
- Robot overlords are nigh, ctd.
- Reading the LA Times
- Detergent prohibition
- A seven point plan for 21st century conservatism
- U.N. condems "defamation of religions"
- GDP perspective
- Dealing with the neocon mess
- Stuck in the eighties
- Pope-disapproved condoms
- Supply and demand
- The preventative police state
- If they say "we were right, you were wrong!" loud ...
- Bachmann's lunacy
- Watch HIV spread
- Learning the hard way
- Dept. of biting the moderates that feed you
- Too hilarious not to repost
- And I say unto you my friends, Be not afraid
- Life in an IT server room
- Obamanomics: not your parents' liberalism
- Well that didn't last long
- Quote for the next several years
- Calling Carter
- Hey look this stuff is getting cheaper
- Red river flooding in North Dakota and Minnesota
- That which a person makes
- Prohibition's piñata
- How far does $150K go?
- The winnable war?
- Nature hath twin furies
- The Republican Party's 2010 strategy
- Now "1 World Trade Center"
- Duck Tales explains the Federal Reserve
- Well, that's no ordinary rabbit.
- Intrepid sexism
- Marijuana doesn't kill, prohibition does
- C-SPAN funnies
- The lethality of marijuana prohibition
- Jihadist work-related accident goes terribly right
- Cannabis vs. alcohol
- Science barely holds out in Texas
- Last week's launch
- Not taking legalization seriously
- Lowering the drinking age
- Stupid alcohol laws in VA
- Taco Bell launches "Morning After" burrito
- A good year to die
- You might be a blogger if...
- Obama on marijuana
- Condi gets it
- Now with double plumbing
- Secularism works
- Mother dies one mile from hospital while cop write...
- Last night's presser
- "The Civil Heretic"
- The devalued prime minister
- Robber fatally shot in Miami Burger King
- Why Marijuana is illegal
- Train dare
- Fetal foreclosure
- Republican remembers we have a Constitution
- The many reasons to end Prohibition
- Blair similarity
- What Obama said and what he meant
- The Obama deficit
- "Dear AIG, I quit!"
- "The Party of Bush"
- What are so many Bible believers afraid of?
- Culture11 we hardly knew ye
- Will the Geithner plan work?
- The importance of gay rights
- GOP to Dr. Evil: go back to bunker
- An honest scammer
- Madison blogger meets fiancé in comments
- "Man of the hour" -- the newsier face of CBS
- More on Geithner's plan
- The McCain Belt
- How many computer hard drives does it take to stop...
- Quote of the day
- She wore make-up and talked to a stranger
-
▼
March
(171)



No comments:
Post a Comment