Professor Elam

Wed Oct 6 2010

Here isan interesting article on GM. Yes the debt is down but have things really changed between the union and management. For those not up on NLRB and such, most of the GM Ford Chrysler plants are in union shop states. This means one can be required to join the union as a condition of employment. And so all the workers at GM are unionized. The company and union never really got along, the article makes the point that the head of the union was stunned to discover that GM was indeed in bad shape, gee who knew huh?  Point being each side had exaggerated for so long neither believed the other.

The Cruze plant won't open, not good.

I have termed the poor conditions in the North versus the much better in the South as the New Civil War. Indeed, will southern states pay to bail out the failed plans of northern states and cities?  Stay tuned.