Monday, March 16, 2009

Unions have destroyed Detroit

At one time the Unions were a good thing. They fought child labor and forced overtime. They served a purpose. That time was 60 years ago. Now the UAW has effectively destroyed Detroit. I've ran across some depressing and interesting articles about Detroit the last couple of days.

This feature in Rolling Stone was sombering.

This photo essay in time was eye opening.

How did the Unions destroy Detroit? Their greed and always pushing for more concessions. Its estimated that the Big 3 have 100 Billion dollars in Liability for Healthcare for Current and retired workers. Many workers can retire with a full pension after 30 years of work. That means a worker who started at 18 gets to retire at full pension at 48. Not to mention they don't pay a dime for healthcare (ok maybe a measily $10 for co pays)

Here is great article about what GM should do.

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