I find it amazing that the UAW continues to live in denial, down to the very end. Are they are so convinced that their $78/hour wages & benefits are justified that they would rather see the Automakers be shut down than concede any compensation?
They will reap what they sow. Hats off to the senate Republicans for at least doing one thing right in 2008 and making the deal contingent on UAW concessions.
Imagine if the company you work for was bankrupt and out of cash. Can you imaging being able to keep your job and continue earning your same pay? Of course not. For the rest of us though, we would pick ourselves up, go out, and find another job.
The reason the UAW is holding on to their comp structure for dear life is precisely because they know their skills aren't worth that much on the open market. Otherwise they would simply go find other work.
http://money.cnn.com/news/
* the hourly "salary" is around $26/hr for an experienced worker, the rest is benefits and legacy comp! The fact that benefits and pension expenses cost GM $50-60 / hour really make a statement!!!
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