Japanese also have mult-level pay rates. Unlike domestic Union workers, where every worker is paid exactly the same, Japanese pay workers different rates based on skills needed, experience, difficulty of the job.
In other words, you might find the highest paid Japanese workers to be similar to Union domestic workers, but again, that doesn't tell the whole story.
Again, the company is going bankrupt because the cost to produce is higher than the amount it can sell for. How much the overhead is, is completely irrelevant to this dynamic.
Red herring. If the company can not reduce labor costs, it will end up bankrupt, and how will that effect the "needs of the workers"?
GM has all of these things. People still buy GM cars more than nearly any other manufacture in the US, and by far in the world at larger. GM is the number one auto maker in the world. The problem isn't producing cars people want, it's producing cars people want and still make a profit.
I'm just saying that what matters is labor costs, and nothing else. If labor rates remain the same, and the executives cut their pay to zero, leave their pay alone, or double their pay, the company will fold no matter what. If labor costs are cut, the execs can cut, hike, or leave their pay alone, and the company will survive.
The liberal idiots seem so bent on how much some CEO makes, they are willing to flush logic, reason, and the entire economy (or in this case the company) down the drain for their silly ideology.
