D
Dr. Weny yi
Guest
Of what significance is your position on these matters for the current crisis facing Chrysler, Ford Motors, and General Motors?
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E
emiller1998
Guest
They need to be bailed out with the requirements that the UAW contracts are thrown away and the upper management is fired with no golden parachutes.
The Big 3 build good cars, they directly employ over 300k Americans which is far more than all the foreign companies combined in the US. Then there are over 3 million Americans work at their suppliers which would also go bankrupt and probably cut huge numbers of jobs. All of those people will be unemployed and now living on government money (unemployment, welfare, health care, etc). Toyota, Honda, Nissan, BMW all use the same suppliers for their US plants which would shut them down too. There are more job losses. And of course we would be importing more stuff from other countries, driving up our trade deficit, and being a service economy which cant make anything. Those companies and people pay taxes which runs the government, schools, police, fire, medical, roads too.
The Big 3 build good cars, they directly employ over 300k Americans which is far more than all the foreign companies combined in the US. Then there are over 3 million Americans work at their suppliers which would also go bankrupt and probably cut huge numbers of jobs. All of those people will be unemployed and now living on government money (unemployment, welfare, health care, etc). Toyota, Honda, Nissan, BMW all use the same suppliers for their US plants which would shut them down too. There are more job losses. And of course we would be importing more stuff from other countries, driving up our trade deficit, and being a service economy which cant make anything. Those companies and people pay taxes which runs the government, schools, police, fire, medical, roads too.
O
Old Man Dirt
Guest
Fords CEO impressed me with his announcement that if Ford had to use Federal Loan money, he would work for 1 dollar a year!
When an engine (for example) only requires 15 minutes of labor to assemble, I find it hard to blame the union for the current problems at any of the big three. If you have ever seen some one who has been maned for life due to an industrial accident, you would wonder how much money is it worth to put you life at risk so someone can enjoy a car!
The problem is over head. Ford at least in interested in cutting overhead. Their CEO has shown that. The ratio of non-productive employee's is what is killing the Big Three along with the fixed overhead of automated manufacturing. At least a human doing the same job can be laid off. But a robot has to be maintained at the same fixed cost, wither it makes 2 cars a day or 100 cars. Also robots don't buy cars or tires and they represent unsold cars. Because if a person was doing that same job, most likely they would own a car made by the company they work for.
A laborer is worth his hire. Would you do their job for less?
When an engine (for example) only requires 15 minutes of labor to assemble, I find it hard to blame the union for the current problems at any of the big three. If you have ever seen some one who has been maned for life due to an industrial accident, you would wonder how much money is it worth to put you life at risk so someone can enjoy a car!
The problem is over head. Ford at least in interested in cutting overhead. Their CEO has shown that. The ratio of non-productive employee's is what is killing the Big Three along with the fixed overhead of automated manufacturing. At least a human doing the same job can be laid off. But a robot has to be maintained at the same fixed cost, wither it makes 2 cars a day or 100 cars. Also robots don't buy cars or tires and they represent unsold cars. Because if a person was doing that same job, most likely they would own a car made by the company they work for.
A laborer is worth his hire. Would you do their job for less?
S
steve h
Guest
I could care less. they screwed themselves over, and bailing them out is just stupid. what if we bail them out and they still go under....thats money well spent, and we will end up payin for that with taxes
N
Norman O
Guest
I will make a long story short. If they go out of business, it will DIRECTLY put about 4,000,000 people out of work. Think about that and how it will effect everything else in our country.
T
Tamonnnnnn
Guest
Currently, none, but a few years ago, a great deal. I used to do quality control and manufacturing engineering in the midwest. Automotive work made up half of my work, particularly 2nd & 3rd tier parts manufacturers. If I still had that job, I wouldn't for long. Fewer jobs mean more competition for them and, generally, less salary for more work.
I've been to towns in Wisconsin, Illinois, Ohio, Indiana, and Michigan that would be devastated if the Big 3 went under. Towns would slowly fade as people would flee in search for work.
Not all the work would evaporate, of course. The parts manufacturers I visited also sold to foreign makes with domestic assembly plants, a common practice. But if 60% of your business disappears, things are going to be very lean.
I've been to towns in Wisconsin, Illinois, Ohio, Indiana, and Michigan that would be devastated if the Big 3 went under. Towns would slowly fade as people would flee in search for work.
Not all the work would evaporate, of course. The parts manufacturers I visited also sold to foreign makes with domestic assembly plants, a common practice. But if 60% of your business disappears, things are going to be very lean.