Quote:
Originally Posted by Figmo Bohica
Two things bombed Detroit.
First: NAFTA. All unions where for it, until they found out that the jobs would be moved to Mexico, where labor was cheaper.
Second: Japan and Korea started making a better product at a cheaper price counting the drop in wages for moving jobs to Mexico.
Finally, how did Detroit expect $15.00 an hour workers (most of us) to buy $75.00 an hour workers (UAW workers) cars and still make a profit.
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This is bold is SO true.
The unions have built another kind of welfare mentality: "The rest of society OWES me (higher pay, fatter insurance and pension benefits, retire at 50 or 55 instead of 65 or older like most of America has had to do, more paid vacation...." Which is just like Greece and unions here still refuse to learn from that!
This
attitude has caused a lot of economic and societal wreckage too.