Drudge Retort: The Other Side of the News
Friday, September 15, 2023

The United Auto Workers union launched simultaneous strikes at three factories owned by General Motors, Ford and Chrysler parent Stellantis on Friday ...



Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

The automakers don't care at this point as most dealers are overstocked with new cars they can't sell due to cars and especially trucks being over priced. And high interest rates.

#1 | Posted by a_monson at 2023-09-15 11:59 AM | Reply

#1 | POSTED BY A_MONSON AT 2023-09-15 11:59 AM | FLAG: ... and they are sitting on a lot of EVs that are not moving.

Dealers Are Turning Away EV Inventory: Report
Electric vehicle sales are beginning to plateau as the demand from early adopters is satisfied

#2 | Posted by MSgt at 2023-09-15 03:02 PM | Reply

Biden says the the Big Three should share their prrofits with the employees. All the employees need to do is purchase stock in the company to share in the profits - just like all other investors do. Or, they can go work for an ESOP [for those who are uninformed, that is Employee Stock Ownership Plan].

The Employee Ownership 100: America's Largest Majority Employee stock Owned Companies

In The Keys I talked to a semi [grocery truck] driver who was retiring after working for Publix for 30 years. Due to the stock he accumulated [what was earned, plus additional stock he purchased from time to time, over three decades, and with the rise in it's value his stock was worth a million dollars]. Not shabby, not shabby at all,

#3 | Posted by MSgt at 2023-09-15 03:12 PM | Reply

In the late 1800s, a lot of businesses used to pay employees based on profits. probably similar to to the crabbing ships you see on the discovery channel. One of the early big wins of the mining unions was getting a steady check, regardless of company profitablity.

To me it's nonsense that workers would share in company profits unless they were also going to absorb company losses, although that concept is antithetical to class warriors.

#4 | Posted by madbomber at 2023-09-16 03:54 AM | Reply

Comments are closed for this entry.

Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy | Copyright 2023 World Readable

Drudge Retort