Saturday, December 06, 2008
Automakers Pay 85- to 95-Percent of Wages to Union Members Who Are Not Working
So, do we want to be bailing out this?
I know that unions evolved to balance unfair management tactics.
On the other hand, we all might be wondering how these policies came about.
Obviously, no one could have predicted the future; however, I think this borders on irresponsibility on both sides...
I know that unions evolved to balance unfair management tactics.
On the other hand, we all might be wondering how these policies came about.
Obviously, no one could have predicted the future; however, I think this borders on irresponsibility on both sides...
At CNSnews.com, Tiffany Gabbay reports:
"Peter Morici, a professor at the University of Maryland’s school of business, told CNSNews.com that one of the biggest problems the companies face is the UAW’s Jobs Bank – a program established more than two decades ago that guarantees nearly full salary and benefits to out-of-work employees.
'Right now if a plant closes in St. Louis and a new one opens in Kansas City, the workers don’t have to move from St. Louis to Kansas City; they can opt to get a $105,000 payout or go on Jobs Bank where they can collect 95 percent of pay for the rest of their lives,' Morici said."
