OK...so GM is offering packages to US workers so that it can....rehire new workers for less money. On this news, the stock market has rallied because it means that GM will be getting out of the red. Instead of relying on ingenuity to create newer, more competitive products, they are just going to short the workers.
So...we all know that these workers had good healthcare benefits and salaries. What will happen to them and their families? How is this good overall for our economy? At the end of the day, these people will probably end up in much lower paying jobs. They'll end up spending less, which in turn will only hurt us.
:huh:
Kris
So...we all know that these workers had good healthcare benefits and salaries. What will happen to them and their families? How is this good overall for our economy? At the end of the day, these people will probably end up in much lower paying jobs. They'll end up spending less, which in turn will only hurt us.
:huh:
Kris
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