Re: \"What\'s good for General Motors, is good for America!\"
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That's what inevitably happens when you pay your help too much for too long.
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The funny thing is that the people working for Toyota, Honda, Nissan, and other foreign automakers in the US make just about the same per hour as the unionized UAW workers. GM would still be making money if they would MAKE SOME CARS THAT PEOPLE ACTUALLY WANTED TO BUY! Jim Cramer on mad money said GM is one of the worst managed companies in history - and while they are losing all this money the CEO and other higher ups are still making millions upon millions of dollars per year. The faliure at GM was not caused by their workers - it was caused by bad and incompetent manangement.
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Patently untrue. GM's avg cost for health care and pension benefits per car is $1,360. Honda's US plants average $107 per car. There are currently 1.1 million people collecting benefits from GM. Less than 20% of these are actually working for GM today. Japanese companies pay nothing for health care costs at home because of socialized medicine. And this info came from none other than the website Mr. Cramer founded...
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I was talking about the per hour wage, which is what I thought the op was talking about.
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