newslady's Blog

Me too, because I am confused. Sounds like some of the plants where they have product guarantees to build, avoiding plant closings, are the dissidents. What would these individuals do if they didn't have a new model to build? That retooling could cost a lot of money, but could Chrysler choose to put that line at another plant that voted yes to the contract, such as the one in Wisconsin?

There are some interesting economic functions in progress here:

1. The workers have progressed themselves to a very high wage (some people believe they may have negotiated themselves out of a job!). There is the problem of job security!

2. The Company wishes to pay their employees as little as possible (within the contractorial agreement) and make enough profit to make their stockholders happy while keeping their products at a competitive price for the buying public. There is the problem of outsourcing the manufacturing to countries without labor unions and/or minimum wage requirements.

3. The buying public demands lower prices, higher quality and if they don't get what they want, they walk! The buying public looks for their products from foreign companies/manufacterers.

4. There is a problem of CEOs making seemingly overly high wages, benefits and bonuses. Are they truly worth what they are being paid??

There needs to be a balance between wages, production costs, pricing and profits in order to bring calm to this chaos!