Richy_T
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March 13, 2014, 05:18:49 PM

What planet are you living on? GM almost went out of business because the United auto-workers drove up input costs to the point that they could make no profits. Not small profits. NO PROFITS.

Counterpoint: Volkswagen in Germany has an organized labor rate of about 98%, workers have 32hour work weeks and 6 weeks (IIRC) of  holiday per year. And half of the seats in the board of advisories are represantatives of the workers*. Yet, they are quite profitable.

* = Thats German law for public companies.

edit: typo.

Heck, there's nothing to say that Unions can't see the writing on the wall and clean their act up. Of course, it helps if your competitors self-destruct (c.f. the British car industry).