I find myself in the odd place of providing economic justification for unions. Again, I truly remain agnostic. For example, I really think public sector unions are out of control. But as LPT points out, there is VERY rational theory for collective bargaining.
To my belief, collective bargaining, at its best, simply states that the benefit provided to a corporation, by the whole of a group being represented, is GREATER than any particular individual being represented. In aggregate, the sum of the whole is greater than its parts. A recognition that small individual acts accumulate to large wholesale change and productivity and growth and profit. While there may be represented groups that are productive and others that are not, it does not change the fact that OVERALL productivity is made greater with the efforts of the employed group.
These are not radical concepts. They are the exact forces of change that moved society away from feudalism. There is simply no difference, in theory, between the large sum of money a company would pay for the small motions of a productive robot and the small motions of a worker. The fact that a robot will not strike/picket is irrelevant to the fact that the motions, in aggregate, are worth a great deal. Finding the value of the motion is the art and science (like that gratuitous Cadillac reference??) of business and negotiation. The unions are truly capable of making idiot decisions that are not in the long term interests of company and worker. They will then be replaced. Same goes management.
After an entire generation of crushing union losses and stagnant pay, it is a FACT that two of the five most reliable car brands (as rated by JD POWER) are UAW shops. It is also a fact that the remaining three most reliable brands are also union shops. It also the case that their is no wage elasticity in countries without unions. NONE. I Do union shops provide value added? It appears so to me.
I am out of room............
[What REALLY can't be had unless the union fought for it?]
Did you really mean to ask this question? You are far more talented than that.
No one gets everything right all the time. Not unions. Not management. It is not very difficult to assert that unions may have saved us from socialism and communism. In the absence of an environment that allowed for collective bargaining and extolled better pay, safer working conditions, no child labor etc, etc etc........we may have felt worker revolt that more resembled russia and china and germany.
i am not union. Never have been. I just think it is part of the most productive arrangement.
no, we need to be kind to bunkferd. employ objectivism immediately. follow through on his distaste for working together on some type of societal basis. remove his government benefits NOW. the government is in debt. he gets NOTHING.
i am wondering about the name under which you posted. would you by chance be a paid foreign national? the hunting of american manufacturing jobs, through subsidized foreign trade, is drawing to a close.
collective bargaining is free market.....at its purest. this, however, does not presume that collective bargaining will produce the best outcome all the time. when a union does not align its interests with the greater health of its parent AND its employees, the outcome will be the outcome. unions are adopting bonus plans and profit sharing in place of job security and hourly wages. this is very good for workers and the entire economy.
if you would like to pursue an ANTI free market agenda, perhaps you ought to ask the central banks of virtually all countries with which the united states holds a trade imbalance, "why do you intervene in the market place, on a daily basis, to weaken your currency against the dollar?"
Forgot to mention. Ford, Honda and Nissan products cost $10,000 MORE than the car that won the comparison. Unbelievable, but true. GM simply killing it. Nice.
Worth every penny.
You perhaps are a candidate for the nissan and toyota trucks. Class action suits for their rusting frames AND gas mileage 30% worse than a silverado. Go ahead...you are the perfect candidate. Enjoy them. I will choose different.
Fair points to bring up. Weak product lines??!! You are thinking of a different car company perhaps. Ever see a Nissan Armada towing a boat? Now THAT is weak. Sagging and bowing like a drunken sailor on leave.
Canadian and UAW show no interest whatsoever in selling shares. And why would they? They do not carry the stigma of "the government" and they are privately held. They also now receive a dividend and they KNOW the products are great. They are the ones who make them! They know who is making the junk and they know it is not them.
Your other points go hand in hand are tied together. Inventories are high everywhere. Overcapacity in cars is legendary. That is why the Japanese are using their weak currency to dump incentives on their autos. There WILL be car companies closing. I will grant you, 100 percent, that Gm has and is being arrogant with their German business. I cannot conceive of any business eating the losses they have eaten. They had better turn it around NOW or be merciless cutting bait. GM Europe will not bury Gm......not by a long shot though. However, there will be surprises.
Car and Driver magazine awarded Chevy Spark a RESOUNDING victory in a comparison of of six autos that comprise the "low price" electric vehicle market. About a year ago, i wrote that in my humble opinion, the 2014 Impala, Silverado and Spark would be HUGE winners for GM (little did I know that the Corvette is just KILLING them). Making great cars and trucks is always where it starts. Ultimately, if the vehicles keep this excellence, the sales will arrive.
The Spark won in 3 of 4 categories, winning in "Powertrain", "Driver Experience", second in "Vehicle Ergonomics and Features" (to ford focus and well ahead of third place honda) and first place in "Chassis".
Chevy beat: Nissan, Honda, Ford, Smart and Fiat.
So let's see if we have this straight. GM now has the ELR, the Volt and the Spark. THREE electric vehicles to go with NA Truck of the Year (Silverado), NA car of the Year (CTS) and Impala and Corvette and.......... PLUS the Volt beat the prius plug-in by quite a bit in a comparison. Keep up the good work boys (oops, AND Gm has a woman CEO)! Don't let up...........ever.
Not surprisingly Mr dinero, you heard banjos and others saw an opportunity.
I am no soothsayer at all, but i added today, 3 cents off the lows, at 35.335/share. Sold 2/3rds of the purchase, just off the highs today. Net result are cheap shares! I will keep them. Should the broader market come off 15-30%, I would have expected GM to test 28-30/share. A crushing winter has definitely softened the economy, but if people are working............it is only a soft patch. We'll see.
Naw, he will not be back. All BS. But it did quickly bring out the king of paid posters and BS, qqq. His handler/employer is paying him too much.
It did bring out Bunkferd too. Not sure why. Shilling for his tacoma on the gm board. He better get that tacoma to a junkyard quickly. Like the tundra ,that subframe turns to rust. Now that is definitely talked about in car circles.....for sure.
New Colorado and Canyon will be the best mid size trucks. Zero doubt about that.
Hope everyone enjoys the Super Bowl! cheers
First of all, you are a paid poster. Your joke of a name announces that. Captain of truth? Are you kidding me?
By your own words, you were told that an engine may burn oil and that as long as the engine did not consume more than a quart of oil in under 1000 miles, it was considered to be within specifications. Every single auto maker will tell you the exact same thing. Given the varied nature of people's driving habits and the varied levels of care people give their autos, no manufacturer will put themselves on the hook for oil consumption at or less than the amount above. It is also the case, that the vast majority of all engines, by all manufacturers, will burn little to no oil in the space between oil changes.
There have always been engines more prone to burning oil than others. I could name a few. There are no current gm engines with this reputation. None. There is also not a gm dealer on the planet who will tell you that burning oil is "normal". it is not normal at all to burn oil. They will tell you exactly what you were told, "It is within specs".
If your car is within warranty, and is burning oil in amounts greater than above and you have all maintenance records, my guess is that you will have a nice new engine to drive, at Gm's expense.
But as you could provide NO details on your note AND call yourself "captain of truth", I am guessing i have just wasted too much time on yet another paid poster. joke.
I am neither a Libertarian nor Ayn Rand devotee. I offered that in an attempt, apparently a poor one, to help point out some inconsistencies. Objectivism offers a pretty clean sheet of paper. However, in my opinion, it is riddled with inconsistencies, one of which you were knowledgeable enough to point out in your note.
Staying consistent with a note I wrote previously, I am backing away from the politics of this topic and won't write any more on this. Cars, trade and politics, to some extent are unavoidable. A functional WTO might be better able to keep governments (AND CENTRAL BANKS!!) out of trade. But there is no consensus for a functional WTO because those opposed to WTO (think serial exporters) are gaining extreme advantages.
I am sure there will be plenty written here and everywhere tomorrow after State of the Union. Most of it will be by paid posters from other countries and companies sent to deflect/divide Americans from topics that might really help us move ahead.
You raise some fun points. World wide manufacturing is widely oversubscribed, I agree. Therefore, allowing other countries to subsidize their manufacturing at our loss is short sighted. We could argue "excessive wage rates" a long time. It would be interesting and fun, but not here. Have a good eve!
I guess my exact age doesn't matter. But you are close. Reasonable people will continue to make reasonable choices. Hyperbole, fear mongering and extremism solve issues poorly and only for the short term. Confiscation isn't reasonable. I really wasn't proposing that. And you know that. We will not see confiscation. However, reallocation of resources towards the government or towards the private sector is not confiscation in EITHER direction if voted upon.
Much of our debt can be alleviated by hard work. Raise the retirement age immediately. NO grandfathering in for those over 50 (or under for that matter). It should be moved towards 70 years of age immediately. This closes over 50 percent of the Social Security gap.
Stop exporting our wealth. The WTO is a fraud. Better trade must come from the White House and the Congress. Too late for me to share my thoughts how.
There are some bright people on this board. Sometimes the debates are really fun and this is really just a chance to share a thought or two and enjoy some banter. Anyway, I enjoy cars...especially GM cars. I also own the stock. Think we need more discussion of Chevy small blocks. Have a good eve.
Whatever.......broader market heavy at moment. It will continue to be as the market digests higher rates. No, GM will not escape a china slowdown. Nor does it expect to escape, would be my guess! They take a percentage on vehicles. Now who will laugh last? China builds the factories and gm takes a percentage.
However, this is as china wanted it. Easy exit for gm, should china implode. Would prefer they change and not implode as the Chinese people will suffer a great deal, but not controllable from the standpoint of the u.s.. China a good customer with a bad government. It will be what it is........
You are correct. The messenger is not the problem. The message is. You are a fine American, a retired soldier if I remember correctly? Perhaps not. I apologize if i am incorrect. However, if you'll pardon me saying so, your continuing dialogue about who might be "taking" in our society and who may be "providing" runs short of a full tank in the consistency category.
You see, as a member of a generation, now retired and retiring, you are part of a group that has fleeced the American society in epic proportions. Your generation has held sway and actually voted for politicians that have vaporized Social Security and Medicare/Medicaid, produced trade imbalances of trillions upon trillions of dollars (enough to ERADICATE our debt, plus the multiplier effect of local growth) and a good old housing bubble to boot. The situation in Detroit is mere child's play to the disaster you have provoked.
As such, and as a devoted Libertarian and Ayn Rand devotee, I am going to work for the complete eradication of ALL your government benefits. ALL pensions, all Social Security, all home and interest write-offs....at least for your generation. ALL of them. Because YOU are a taker of epic proportions. Under no circumstance should the greater good be provided for unless it arrives without MY personal sacrifice. Sound OK?????
NO? YOU earned them fair and square?? You paid enough?????? Well then, it appears we now have to have this discussion about working as a society towards some greater whole that will allow your massive government benefits to be paid. The discussion that arrives from SOME personal giving and SOME sacrifice to a greater whole. Believe me, if we are going to do this whole anarchic capitalism thing ( or shall we call it completely unregulated free flowing movement of goods and services), I am coming after you first as the ultimate hypocrite and "taker".
You forgot many nationalities !!!!!! GM doesn't hate just Australians and Europeans........they hate ALL non Americans. Create ANOTHER new name to reflect that you goofball.
You were kind. You could have also mentioned how we lost manufacturing jobs IN EVERY SINGLE QUARTER of the Bush Administration or that gas touched $148.00/barrel or that he spent 1.5 trillion on prescription drug benefits that NO ONE requested (except drug lobbyists). Did I mention that oil hit $148/barrel? Did I mention that despite taking office one year into a stock market crash, he managed to end his term in office with a stock market well lower than where he came in EIGHT YEARS PRIOR?
By December 2008, we were well on the way to a generational collapse. Good riddance Mr Bush.