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GM's Reality Check: Are other corporations and unions paying attention?

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DianaR's picture
User offline. Last seen 2 years 50 weeks ago. Offline
Joined: 06/02/2009
Posts: 6
Points: 89

It' pretty interesting to see GM, a company that felt it was perfectly ok to build US cars outside of our borders but sell them at prices most folks can't deal with inside our borders, filing bankruptcy.

They did their best to scare everyone into letting them avoid the ramifications of their actions within a free market system, and it will be even more interesting to watch the government pull all of that manufacturing back inside U.S. borders. Something tells me that the job market will be much better with the new requirements.

While I understand the hardship this will pose for UAW members, there's no reason under the sun that any factory worker should make more than an entry level school teacher. The UAW will also have to adjust to a reality that everyone else has been dealing with for more than a decade.

Now that GM has entered the land of bankruptcy, do you think other large corporations will wake up and adjust their business practices? After all, the requirements that manufacturing remain within our borders could be extended to other large corporations who want to remain U.S. based. A few new laws and regulations, or Executive Orders could make it difficult to justify bringing in foreign workers when training programs can place US citizens in the same jobs.

How soon do you think it will be before other corporations change their practices to avoid new requirements that might be brewing?

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ritzy's picture
User offline. Last seen 2 years 49 weeks ago. Offline
Joined: 06/06/2009
Posts: 25
Points: 81

One big problem with GM was - 60% stake of Government. Government didn't care initially when the bubble appeared and now when the bubble has burst they are behaving frantically. If they had worked in the right manner right from the beginning today GM would have been as prosperous as Toyota.

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