Thursday, December 18, 2008

This explains a lot.

Who Is at Fault for the Decline of the Big Three? - Michael Barone (usnews.com)
The UAW also created a constituency within itself of retirees who have voting rights in union elections just as actual workers do, and there are now something like three times as many GM retirees as GM employees as voting members of the UAW. Retiree benefits account for the lion's share of the difference between GM's labor costs and the labor costs of foreign automakers in the United States.

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