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There is something I don't understand about the GM situation. If I was a GM employee, I would be one of the first to say, "Suppose we all take a 20% pay cut? Would that help keep this plant open and lower the price of GM cars so as to increase sales?" I wouldn't like a 20% pay cut, but it would be much better than a 100% pay cut, and yet that never seems to be done. The last I heard, it costs the Big Three about 75 dollars an hour to employ a worker. I don't see how that can be sustainable, but you never seem to see management and the union come together for the benefit of everyone.
It isn't really about the workers salaries . GM and other auto makers have to forecast what the market will be BEFORE they tool up their plants . GM bet on sedans and electric cars (probably because the government owned shares of GM after TARP) The American consumers have chosen SUVs and light trucks as their transportation of choice. So now GM had to make a call ....could they retool the existing plants or make the cars they mostly sell overseas closer to their projected market ? Also ;I can't emphasis enough how much of a disaster the steel and aluminum tariffs are to the auto and soon many other industries . It was a disaster the last time it was tried . But Trump is so committed to this protectionist folly that he will not see how terrible call it was.