Saturday, December 13, 2008
Meanwhile in Europe...
All European Governments are bailing out their auto industries.
The auto crisis has everything to do with the current administration disastrous energy policy and Iraq war and little to do with GM or Ford models. GM and Ford are very successful in Europe.
German auto workers are all unionized (3,6 million members!) Unions not only help set up wages, but have mandatory seats on the board and all auto companies MUST have a workers'council that decides on policy.
The average worker's salary at Porsche's, Opel (GM) or VW is 1,600$ a week for a 35 hr week. Workers are paid a 13th month at Christmas. Like all German citizens, they are entilted to 6 weeks paid vacation and enjoy 100% medical coverage courtesy of their Universal Medical Insurance scheme. Their children go to college free of charge and like any German kid, can also attend free training classes in the Industry.
US auto workers would be competitive if their companies were not burdened by an insane healthcare system that enriches the few and puts the US at the bottom of OECD countries ranking.
The posse of Southern Senators who want to score against the UAW at the expense of the country are the same people who have given huge subsidies to foreign manufacturers in their states. they have chosen Japan and Korea over their own country. Shame on them.
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