F& GM rally big this week or next on a deal. The union accepts the deal or they are out of work because the company is bankrupt.
Their 401k's are full of F stock...they agree, the stock goes higher and they make money... they don't agree the stock goes to $4-5 and they lose their retirement $.
Prices have gone up without an increase in the minimum wage, true, but they will increase dramatically more over the next 2 years because of the increase in minimum wages. Use just a little common sense, do you think McD's, Wendy's, B.King and every other product and service will remain at todays prices if tomorrow they have to pay all their employees more. If you believe so, I got a good deal for you to buy the Brooklyn Bridge. Also, entry level employment will suffer.
It's been postulated that wages do not drive inflationary prices, but profits do, and they always have and always will.
Rising wages are proof of a growing economy. Falling and stagnating wages are indications of a failed ecomomy fast moving backward.
But, what does Adam Smith know about capitalism and free markets?
I too remember that Ford salary worker at his own fish market selling when he was suppose to be at the job. Maybe they ought to do a follow up on those losers too.
Seems to me it was also pointed out that whatanerdyguy was an ex-gm salary worker that also got canned from Lordstown Assembly plant in Youngstown Ohio. He kept posting the same things on the GM bulletin board until some other salary people recognized him and called him on it. He then went from using the alias "tombashi" to "whatanerdyguy" but continues posting the same old whine and cheese song. What a hypocrite he is.
I do recall a piece on the salary personel in Fudruckers. It was either the Detroit News or Detroit Free Press that did the article on the Ford salary personel. Seems like they talked about how the assembly salary people took turns covering 3-4 areas while 3-4 of them, along with the general supervisor and some superintendent, sat in that restraunt for extended periods of time as well. I also recall that some would leave for the whole day while being covered by other supervisors and head north on Fridays to beat the traffic to their cottages. I believe they covered a piece where one general supervisor was told of being out on a local lake with 3 others fishing while supposedly in some meetings around the plant. I believe the article said after the article shed light on the salary personel being caught Ford promoted him to a superintendent and transfered him to another plant in the Detroit area. One even owned a fish market and was caught behind the counter in his own market selling fish by the reporter when he was suppose to be working. That was a great article. Seems there are plenty of slackers on both sides of the fence to go around.