The Auto Industry Bailout...
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Marcus Brody
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PostPosted: Fri Nov 21, 2008 12:09 pm    Post subject: The Auto Industry Bailout... Reply with quote

http://online.wsj.com/article/SB122720155194344635.html

Is apparently not going well for the Big Three.




I, for one, welcome their collapse. Much of their work is outsourced to other countries, and the UAW seems to be bloated and overpaid.
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Raptor
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PostPosted: Fri Nov 21, 2008 12:49 pm    Post subject: Reply with quote

It would be a pleasent suprise if we don't end up wasting more money on unproffitable uncompetitive companies.
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Bulkoth
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PostPosted: Fri Nov 21, 2008 2:07 pm    Post subject: Reply with quote

The unions need to go, any one who makes more than I do on a highschool education without being an entrepenure (sp?) is rediculous.

Then they need to reboot designs to make them more in line with what people are buying, sporty looking, gass efficient little cars that have enough power and space to get daily tasks done. Enough grandpa cars.

Sadly congress didn't tell them "hell no" they just told them "wait a week until the bailout of the banks is less fresh in people's minds and give us any kind of half assed excuse to give it to you"

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Silverhand
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PostPosted: Fri Nov 21, 2008 3:22 pm    Post subject: Reply with quote

It was more of a, wait till we have our super majority and a pro union president.
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Marcus Brody
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PostPosted: Fri Nov 21, 2008 3:24 pm    Post subject: Reply with quote

Bulkoth wrote:
any one who makes more than I do on a highschool education without being an entrepenure (sp?) is rediculous.


Yeah, all success in life must be based entirely on academia!

Fuck that shit.
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PostPosted: Fri Nov 21, 2008 3:25 pm    Post subject: Reply with quote

I have no degree JW, and I don't plan to get one. The difference in our salaries is pretty small.
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Bulkoth
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PostPosted: Fri Nov 21, 2008 3:31 pm    Post subject: Reply with quote

John, you have a college grade education, infact you had a college grade education when you started college, I can honestly say that any one on this forum is among the smartest people I know. Mark, being in a band is by the definition entrepenurialism, I'm not saying that having a degree implies you should succeed, I'm saying that not having one implies for the majority of people a mediocre wage.
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Marcus Brody
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PostPosted: Fri Nov 21, 2008 4:56 pm    Post subject: Reply with quote

Welders, mechanics, and all sorts of other blue collar people do a harder and possibly more important job than many people with a college education. I reject the entire idea that income should be organized primarily by education.
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PostPosted: Fri Nov 21, 2008 5:12 pm    Post subject: Reply with quote

I agree, and I think jw does too. People who are willing to work hard and improve themselves deserve to make good money.

Unions link everyones salary and remove much of the motivation for indivigual achievement, which is just a terrible idea.

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Bulkoth
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PostPosted: Fri Nov 21, 2008 11:34 pm    Post subject: Reply with quote

Welders, mechanics, and all sorts of people have specialized training that constitutes as a more formal education, I'm saying that the people on the assembly line that spend their entire day doing some repetitive task like moving a piece of metal into place so a machine can press it in place do not need to be making 50 dollars an hour and have benefits that probably double the wage the employer pays for their labor.
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Marcus Brody
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PostPosted: Fri Nov 21, 2008 11:45 pm    Post subject: Reply with quote

Absolutely.

Really, it's a no-win situation. It's wasteful to pay them that much, but you want the people who assemble your car to be extremely precise (and therefore you can't really pay them shit wages either).

Which is why we should just use robots for everything.
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Bulkoth
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PostPosted: Sat Nov 22, 2008 12:27 am    Post subject: Reply with quote

Marcus Brody wrote:
Which is why we should just use robots for everything.


You wouldn't say that if you met the kind of asshole programmers I work with on a daily basis lol, stupidity to make your fucking brain melt.

Yesterday I spent 40 minutes trying to convince one guy that me copying the same 200 lines of code over again and changing one single line was silly, I should just put in an if statement and deal right there, but after 40 minutes I was so frustrated I litterally went all fucking copy pasta on that shit and now there's an extra 200 lines of code out there and when someone changes one set they won't change the other and thus shit will break.

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Marcus Brody
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PostPosted: Sat Nov 22, 2008 1:05 am    Post subject: Reply with quote

That's why I prefer my cars built by German or Japanese robots.
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Bulkoth
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PostPosted: Tue Dec 02, 2008 2:11 pm    Post subject: Reply with quote

Quote:
A recent study by Mark J. Perry, professor of economics and finance at the University of Michigan-Flint shows that the hourly compensation cost, including benefits, for the Big Three automakers in Detroit for 2007-2008 is $73.20 per hour, compared with $48 at Toyota.

In goods-producing industries in the United States, reports Perry, the average hourly compensation cost, including benefits, is $31.59. For management and professional employees in the U.S., the average hourly cost, with benefits, is $47.57. For all workers, the average hourly wage/benefit cost is $28.48 per hour.

Asks Perry: "Should U.S. taxpayers really be providing billions of dollars to bailout companies (GM, Ford and Chrysler) that compensate their workers 52.5 percent more than the market (Toyota wages and benefits), 54 percent more than management and professional workers, 132 percent more than the average manufacturing wage, and 157 percent more than the average compensation of all American workers?"


I knew the UAW was doing serious damage but those figures make it a bit more clear.

http://www.pittsburghlive.com/x/pittsburghtrib/opinion/s_600605.html

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Marcus Brody
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PostPosted: Tue Dec 02, 2008 2:20 pm    Post subject: Reply with quote

I really hope that congress has the guts to let them crumble.
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