Acquired Taste
Forum Sage
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That take is FREEZING cold.
Big 3 automakers have spent tens of billions in stock buybacks alone over the last decade. Stock buybacks do zero for a company other than temporarily inflate their stock price. We're not even talking about shareholder dividends here; it's a legalized pump and dump for executives and large stakeholders.
Current unionized labor cost of a new vehicle accounts for roughly ~5% of the price of a vehicle. This article from 2017 states that every facet of labor, including building the factory and its operating costs, account for less than 15% of the total cost of a vehicle. And that's from 2017, before car prices skyrocketed while labor costs have stayed flat.
No matter what their corporate spokespeople try to say, they are full of shit when they say they can't afford to treat their employees better.
Maybe they can afford it when times are good but the point of a business is to make money and survive. If making money by manufacturing in America is much more difficult than if the manufacturing was done overseas. People want to buy the best products for the lowest price and if that means cutting out the unionized auto worker, so be it. You do realize it was UAW demands/contract obligations that forced GM into bankruptcy the first time right? Of course, the almighty taxpayer had to save the day with a bailout. It's fine though, the auto workers got theirs..... until they didn't anymore.I'll take Tariffs for a thousand, Alex.
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Rest in honor, King. 👑
Who do you think pays tariffs btw? It's just an added cost that is passed on to consumers. Protectionism makes industries less competitive and hurts consumers.
Idk why you can't base your any arguments on logic instead of feelings. The funny thing is you can't even really form an argument. You just whine about "ugh, corporations are such greedy pigs. I think every worker should be a millionaire and only have to work part time. If corporations can't pay a wage like that, they don't even deserve to be in business because they suck!"Idk why you can't admit that you just worship capitalism and business owners