Comment on Wreck the economy because it only works for the billionaire class.
FlyingSquid@lemmy.world 1 year agoHow about if the three auto companies gave up 5% of their profits instead?
Comment on Wreck the economy because it only works for the billionaire class.
FlyingSquid@lemmy.world 1 year agoHow about if the three auto companies gave up 5% of their profits instead?
Nahvi@lemmy.world 1 year ago
I have no idea what sort of profit margins the auto companies are working on. I do think profit sharing is a pretty decent idea though. I am surprised the UAW isn’t asking for something like that. Maybe it is too unstable for wage workers in case of a recession.
FlyingSquid@lemmy.world 1 year ago
No, what matters is how much it would cost to pay their workers more, not what profit margin they’re making. And do you honestly think their profits are lower than what they can pay their workers?
Nahvi@lemmy.world 1 year ago
True. You said profit and I even responded profit margin, but I was still thinking you said revenue.
From second hand knowledge they did pretty good this year and the first year of covid, but had rough goes in between. I don’t know if it makes up the difference or not.
Without workers there is nothing to sell, so you must pay the workers, but there is a real issue that investors will bail out if they aren’t seeing returns. That said, I have a hard time believing the federal government would ever let the big three collapse, though they have already had to bail out GM once in the last couple decades. Hopefully, it does not become a repetitive issue.
SmoothIsFast@citizensgaming.com 1 year ago
So we force them to cover bad bets instead of getting to walk away because they have money.
So make those investors cover the loss instead of allowing them to pull out and short the shit out of the company requiring the government to infuse cash to keep them from failing.
burntbutterbiscuits@sh.itjust.works 1 year ago
Ahhh ok, so you really are talking out of your ass.
The workers are not asking for much. Just their fair share