thereisnospoon
Gold Member
In a way, yes. When a workforce is over compensated, the products are priced out of reach of the average consumer. Above market rate wages are inflationary. Eventually once competitors find a way to make a product of equal quality at a lower price, the company which over pays its workers is either forced to lower prices, which bites into profit margins or it must restructure its labor costs. Higher than market rate wages are unsustainable. As seen with the GM problem. $2500 per unit in additional labor cost was simply not sustainable. Neither was the pension plan to over one million former GM workers.You're so full of shit. I met a guy in Missouri who made over 140'000k working on an assembly line. And you're okay with that?
Jobs not worth more then fifteen bucks an hour. It's repetitive BS you could teach a monkey to do.
THAT is what destroyed detroit. And damn near the US auto industry.
Working people making too much money is what fucks up an economy.
"Prosperity Through Lower Wages!"
When labor costs are controlled and balanced in the marketplace, everyone prospers.