It seems the unions lacked foresight as well, doesn't it? Did they really expect that the market could support such extravagant compensation?
And I believe you underestimate the impact of the Big 3 being "de-unionized" Here is a link from Forbes. As you can see, the Big 3 are compensating their workers to a tune of $50,000 to $60,000 per year more than their foreign counterparts. $55,000 multiplied by 100,000 workers comes to.....hmm...$5,500,000,000. I think that big number is 5 1/2 billion. Per annum, every annum.
Like the man once said, "A billion here and a billion there, and pretty soon that's real money".
How can you assert that 5 1/2 billion dollars per year in additional production costs is inconsequential?
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Today's Featured Article - Box Plow Blues - by Tom Schwarz. One of the first implements most tractor owners obtain is the box plow. For very little money, this piece of equipment promises to plow and flatten any hill or vale on your ranch road or farm. At least that's what I thought! As simple as a box plow appears, it can be rather challenging to make work correctly. In our sandy soils of Florida, traction is king. You can never have wide enough tires or heavy enough weights to get all the traction you want … unless you own a monster tractor. U
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