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When the pendulum swung too far to the other side
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"Thousands of laid-off auto workers get paid $31 an hour to sit around and do nothing all year under a controversial program that could continue even if American taxpayers bail out the American auto industry." - fox news. "The [laid off] employees may become 'creditors' with claims against the company -- they would be in the same position as bond holders and other creditors." Funny as it sounds, it's true. This is a program created in 1984 when the big 3 were doing well. If the program continues, thousands of laid off auto workers can get paid 90-95% of pay by doing nothing. Does that make sense to you? But I heard that UAW is considering to discontinue this program in order to secure a bailout. It's like, you want to milk the cow as much as possible but don't want to milk it to death. | ||
