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Thread: GM and Chrysler are on strike

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[quote=MARRIE,283481]Detroit-The United Auto Workers union presented a broad contract proposal to American Axle & Manufacturing Holdings Inc. Wednesday that counters the company’s demands to cut employees’ combined wages and benefits by more than half.  It’s said that U$ 73.48 all in hourly labor cost is not competitive with rivals and many of which cut costs through bankruptcy.  American Axle wants to get its labor costs, including health care and retirement, down to U$20 to U$30 an hour.  Chrysler workers followed the suite.

No matter how the strike goes, management would rather announce bankruptcy then giving up the idea of labors cuts.  It’s a cruel fact that 1st world job market is shrinking and outsourcing its mfg and other much valued added tech. industry  to India and China. And it’s creating lots of social problem like middle class living standard is declining, skilled workers with FI visa grab jobs from US citizens, which has been a hot debate in CNN.  How do you think about it.  What is the fundamental impact to US society if outsourcing is going on and on ?
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