The United Auto Workers are considering a strike against General Motors. Can't the UAW look around Michigan, with its real estate and employment markets in shambles, and see that perhaps that times have changed? The time to be a leech is over.
It always turns out this way with socialism.
If the UAW strikes, it could sound the death knell for GM. And that could sound the death knell for UAW.
This year's contract talks are considered crucial to the survival of GM and its U.S.-based counterparts, . and Chrysler LLC.
All three companies want to cut or eliminate what they say is about a $25-per-hour labor cost gap with their Japanese competitors.
The gap, the companies say, is one reason why the Detroit Three collectively lost about $15 billion last year, forcing them to restructure by shedding workers and closing factories.
It's hard to compete with a $25/hr wage difference. Some of that is the benefits package that the UAW has bargained.