Jul 19, 2010
A Wall Street Journal article actually dared to claim that the high wages and benefits of auto workers were among the burdens that put GM and Chrysler on the verge of collapse in 2009!
What BS! Without us there would be no auto companies.
GM, Chrysler, and Ford have taken the billions they have made off our labor over the years – and bought up other companies; wheeled and dealed on the stock market; gave away the small car market in order to make bigger vehicles that would bring them bigger profits; paid out exorbitant dividends to major stockholders even in years that the companies said they had lost money; and rewarded their executives with obscene salaries and perks.
Workers’ wages and benefits are not the burden to the auto companies. Capitalist profit and competition are.