Interesting article in The Truth About Cars on how Ford still has an $8/hour fully-loaded disadvantage to the transplant (Japanese and non-union) automobile manufacturers.
The union wages and union rules are red herrings. Yes, they make for good talk and for interesting arguments. But how much a union employee is paid-or an over-priced executive, for that matter-is not the point.
What matters is that the employees simply reflect the behavior that they see from the company. When the company prays at the altar of Wall Street, and cuts corners wherever possible while rewarding the executives and a few select Goldman Sachs bankers, what will employees do? They can keep arguing with their neighbors about the sub-standard quality of the vehicles they are asked to assemble–and are probably embarrassed by–or simply say “screw it” and meet expectations.
And the death spiral begins.
Stop worrying how much you pay people. Build good things. Do good, meaningful work. Fire Wall Street. Win.