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Originally Posted by Yao Ming
Why is it that Toyota and honda are increasing plant construction/production in the U.S. and the nig 3 are closing plants? Something is wrong with this structure
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One word: Unions
Toyota and Honda hire non-Union employees while the Big 3 hires them. Unions control how much the company pays them. Right now, the unions are driving those companies broke. Unions want outrageous wages, fat pensions and a fully paid healthcare.
I read an article before that every car GM sells, $1,500 of it goes to the pensions of their Union employees.
Now you have the Big 3 laying off workers and relocating to Mexico.
It's ironic that Japanese companies are now providing jobs to Americans while American companies continue to make lower quality cars made by mexicans.