A simple bailout is NOT the answer, it can NEVER be the answer, because the entire industry is sick, and needs complete restructuring. If the entire industry is not overhauled, including such things as tax structures and regulations (regulations need to be updated, not discarded), and is simply given seven hundred billion dollars or whatever, nothing will change and they will sink like British Leyland. -Oh, and when Toyota stops production, THEIR employees are not left idle. They go to retraining, and when there is no more of that to do, they overhaul and update the equipment, and when that is done, they paint the walls, and when there are no walls left to paint, they construct Habitat For Humanity homes. Being paid to do nothing just encourages laziness.
The best thing that can happen for the Big Three is bankrupcy, to get rid of contracts that pay autoworkers $74 an hour (compared to $44 for Toyota workers in the US) and doesn't allow layoffs. When the Big Three lay off autoworkers or close a plant white collar folks are the only ones who get laid off, UAW workers go to the mystical job bank, where they get paid $74 an hour to play cards. Tough to undersell Toyota when you have to play by those rules.
A simple bailout is NOT the answer, it can NEVER be the answer, because the entire industry is sick, and needs complete restructuring. If the entire industry is not overhauled, including such things as tax structures and regulations (regulations need to be updated, not discarded), and is simply given seven hundred billion dollars or whatever, nothing will change and they will sink like British Leyland. -Oh, and when Toyota stops production, THEIR employees are not left idle. They go to retraining, and when there is no more of that to do, they overhaul and update the equipment, and when that is done, they paint the walls, and when there are no walls left to paint, they construct Habitat For Humanity homes. Being paid to do nothing just encourages laziness.
The best thing that can happen for the Big Three is bankrupcy, to get rid of contracts that pay autoworkers $74 an hour (compared to $44 for Toyota workers in the US) and doesn't allow layoffs. When the Big Three lay off autoworkers or close a plant white collar folks are the only ones who get laid off, UAW workers go to the mystical job bank, where they get paid $74 an hour to play cards. Tough to undersell Toyota when you have to play by those rules.
Nope. I do not think that we should. I think these bailouts are a crappy idea.
Part of the contract should require CEOs and Senior Management to work on the line.