Yet not a single word addressing the fact that Japan, Germany and Korea all pay for their employees health care coverage and pensioner’s costs, so their auto manufacturers don’t have to add that cost into their products.
No, I’m not for an auto bailout. I think the best thing for them is to declare bankruptcy and force the UAW into concessions. That said, it is a fact that if the Big 3 had Uncle Sugar paying all of their employee’s and pensioners health and pension benefits, they would have be making a couple of thousand more per vehicle than they are.
Just clearing the air.
“Yet not a single word addressing the fact that Japan, Germany and Korea all pay for their employees health care coverage and pensioner’s costs, so their auto manufacturers don’t have to add that cost into their products.”
I don’t know about Japan and Korea, but in Germany it is the employees and the employer that pay most of the health care and pension costs 50:50, though it is true that there is a tax-payer funded boost to pensions, if needed.