Which of These Car Companies Will Go Bust First?

[jkuchta]

GM...and the "Labor Cost" issue is bullshit! The big three don't make cars that people buy anymore...plus...they pay their execs. huge sums to run the company into the ground. Toyota will survive because they were smart enough to not pin their hopes and livelyhood on a few models that relied in turn on cheap gas.

Why is it that when a company goes under the first people that get blamed are the ones who actually do the work. People now-adays shit on the worker first when things get tough, forgetting that average incomes have actually gone down over the past 5-8 years, while corporate waste and executive compensation has gone through the roof. The average employee deserves good healthcare and a pension that will support them in retirement. People fail to realize that these companies survived (and indeed made big money) for more that 75 years while still taking care of their workers.

The people that blame a company's failure on "labor costs" are unknowingly driving down the wages and benefits of everyone in the bottom 90% of the population.


I'll get down off of my soapbox now.....thank you.