I’m back on the Ford thing.
I just read an article on how the Bailouts at GM and Chrysler are holding Ford back in some ways. You can read the article HERE.
I find it interesting to note that the analysis of Ford’s success mentions that since it has returned to profitability, the Unions are going to hold the company up from further success by not making concessions being given to GM and Chrysler. They were forced to make the deal with GM and Chrysler or face 300,000+ unemployed union workers, but Ford is making money and should have to pay.
This, by the way is EXACTLY why I don’t like unions. They punish companies for success by holding them for ransom to get their way. And they completely do not see that a principle reason for the huge overhead that is helping to bankrupt companies is that they demand wages out of proportion with sales and production.
Unions served a good and useful purpose once upon a time…that time has passed.
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Your logic is in the money. Unions have reached a point where they are no longer a viable entity in this country. They have driven most of the industry from this country.
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