Originally Posted by
Jorddyn
That'd be one of 'em.
Unions were a great thing for improving safety and for getting laws passed regarding wages and time off. The problem is, that's all government mandated, so now they have to get even more to prove their usefulness.
So, they negotiate, they strike, they get more. And two years later everyone is sick of paying dues for a union who isn't getting them more (again), so it starts over. It can't continue forever.
That said, I do feel for the retired members of the UAW who had been promised and were counting on a lifetime of healthcare (which is where this stock is going, if I understand correctly). I don't blame them for realizing the ship is sinking and they want out, even though their extra weight helped bring the ship down.