Quote:
Originally Posted by rich-allen
Has anyone noticed the UAW hasn't come out to play? No big speech's, threats.. Hell, they don't have a word to say!
IMO, the UAW broke the back of the US auto industry years ago but were just finding out how bad it's been because of the home mortgage crisis.
I don't think the retired workers should lose their medical coverage. Medical insurance for older Americans can run up to $1200 Mo and that would be worng
Someone posted earlier; "the workers invested into the pension fund, it's their money and they deserve to keep it" that's simply wrong. The pension fund is part of a benefit package they receive as part of the UAW agreement. You can't elect to not invest in the pension fund, in other words, if the pension plan didn't exist you wouldn't get the $5.90 Hr the put into the pension fund added to your pay check.
The UAW controls those pensions, they use it as leverage for a whole host of stuff.
I employee 34 men and women. Most of which belong to the Ironworker's Union. The average employee gets $34 on the check but I pay $83.21 per hour for those wages and the benefit package.
Non Union workers in the same trade make an average $18- $30.00 and generally receive some sort of medical from their employer.
This doesn't negate the fact the retired workers planned their lives around having that pension plan later on.
Do they deserve a $7k a month retirement package? LOL... I let you be the judge.
This is a huge mess and I don't feel like paying for someone Else's mistakes.
I didn't agree with the other companies getting bailed out either. If the country has to go into a recession for a year or so then that's what it has to do.
This country was founded on free markets, not government intervention.
I'm sorry if that bothers anyone, that's just my opinion.
I still love you.
Rich
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Could not agree more with you, Rich.