MrRodgers -> RE: Corporate Personhood -- What Happens at GM? (6/10/2014 10:10:04 AM)
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ORIGINAL: BitYakin Very good synopsis. Funny how so many find it easier to blame the 'greed; of the unions wanting a living wage rather then the investor class missing the boat through their greed. _______________________________________________________________________________________________________________________________ wanting a living wage? you mean double a living wage... when I was younger, 20's min wage was around 3 dollars an hour, people making 5, 6, 7 dollars an hour were LIVING decently, people making 10 dollars an hour were living fairly well, people I knew who worked at the Chrystler plane in Fenton were making 20+ an hour. that's triple a LIVING WAGE, and 100% more than people I knew who were living well do I begrudge them making good money, NO, but neither was/am I sympathetic when they CRIED they needed MORE... For more than 30 years the unions have not been crying for more but trying keep what they had and couldn't, just to try and keep their benefits and minimize layoffs. It was right around the time then that Reagan started to destroy unions. The only people that kept getting more was management (GM) and the powerful Ford family from wall street both sales through a continued issuing of yet more classes of stock...further diluting dividends to smaller stockholders if there were any and their corporate democracy, something that is becoming increasingly rare. When Mopar sales slipped further as they kept producing big gas guzzlers in the 70's and 80's, they raised prices even further causing a further drop in demand...precipitating more layoffs.
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