Economics – It looks like a union and its industry learned from the past

This story, reminded me of the 1970’s/1980’s as the steel industry and the unions squared off over concessions brought on by foreign steel dumping/management not being able to keep up with modernization. The unions went on strike and now we have fewer steel companies and the “rust belt” came into being as the unemployment rates in those states sky rocketed.

Now, the UAW threatens to strike against Delphi and the waves from the fear pebble being dropped into the auto industry pool. This got Delphi, GM, and the UAW into compromise mode. As experts have stated, GM and Delphi wouldn’t last long during a strike, and the UAW would be cutting its throat as the USW did.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.