Old Man
10-11-2005, 11:53 AM
<table border="0" align="center" width="95%" cellpadding="0" cellspacing="0"><tr class="standard"><td>Quote </td></tr><tr class="standard"><td class="QUOTE">Delphi, with plants in Coopersville and Wyoming, seeks to slash wages from an average $27 an hour to $10-$12 an hour and eliminate a jobs bank that gives full pay to 4,000 laid-off workers, officials from UAW Local 292 said in a letter, which was posted Thursday on a union Web site.
That would mean a $35,360 cut for a worker currently earning more than $56,000 a year. At $10 an hour, it drops to $20,800.
Local workers contacted by The Press today said they are shocked by such a drastic cut that would put their pay below many of the nonunion plants in the area. [/QUOTE]$10 an hour at Delphi? Workers angry over proposal to cut pay more than 50% (http://www.mlive.com/news/grpress/index.ssf?/base/news-25/1128696645200130.xml &coll=6)
This morning on the CNBC business news, they interviewed two analysts. They both agreed U.S. Labor wages are being determined by the competition in foreign countries. They said the U.S. companies can't compete with the companies in foreign nations.
If we can't get meaninful tax reform, we may find our wages are the only means of copetition. Both analysts also said that China will be importing vehicles here in a few years and asked, "will American consumers buy U.S. vehicles or the imports?"
This is one of the reasons, I have been saying I think Congress is dragging their feet on immigration reform. Whether they are right or wrong, I still think this is a motivating factor in the months that have gone by since the Minuteman project brought national attention to the border problem and the illegals. Yet, not one bill has moved forward much to change that from either party.
If you were a Delphi worker who just saw the top executives get more compensation and you were asked to take a pay cut of over 50% or see the plant close and pensions go into the Federal penision plan and be cut, what would you do?
That would mean a $35,360 cut for a worker currently earning more than $56,000 a year. At $10 an hour, it drops to $20,800.
Local workers contacted by The Press today said they are shocked by such a drastic cut that would put their pay below many of the nonunion plants in the area. [/QUOTE]$10 an hour at Delphi? Workers angry over proposal to cut pay more than 50% (http://www.mlive.com/news/grpress/index.ssf?/base/news-25/1128696645200130.xml &coll=6)
This morning on the CNBC business news, they interviewed two analysts. They both agreed U.S. Labor wages are being determined by the competition in foreign countries. They said the U.S. companies can't compete with the companies in foreign nations.
If we can't get meaninful tax reform, we may find our wages are the only means of copetition. Both analysts also said that China will be importing vehicles here in a few years and asked, "will American consumers buy U.S. vehicles or the imports?"
This is one of the reasons, I have been saying I think Congress is dragging their feet on immigration reform. Whether they are right or wrong, I still think this is a motivating factor in the months that have gone by since the Minuteman project brought national attention to the border problem and the illegals. Yet, not one bill has moved forward much to change that from either party.
If you were a Delphi worker who just saw the top executives get more compensation and you were asked to take a pay cut of over 50% or see the plant close and pensions go into the Federal penision plan and be cut, what would you do?