Auto Bailout?

[Alan®]

The difference is vey simple. Toyota does not pay a union member 95% retirement. Instead they do what a smart business would do and set up a 401k program for retirements.

And that's my point better management

[BanginJimmy]

And that's my point better management

Its not about management. That 95% retirement is part of the union agreement. Its about political backing for the unions that allow them to take pretty much anything they want. The Big 3 have little to no leverage to negotiate while the union will shut down the plant and use political pressure to get what they want.

Look at what states foreign manufacturers are putting their plants. All of them are right to work states with no union strongholds. Because of this they can pay their people less and they can set up any retirement they want. If cardcheck passes, I wouldnt be suprised to see these foreign manufacturers closing those plants at the first hint of union involvement.