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Non-Cattle Specific Topics
Coffee Shop
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<blockquote data-quote="Jogeephus" data-source="post: 605870" data-attributes="member: 4362"><p>I listened to a seemingly knowledgeable person on public radio that said the workers only made about $2.50/hour more than their counterparts Toyota and Honda. Said the difference in american companies is that they have so many retirees since they have been in business for nearly a century. This is where the $70/hr figure comes from. He said Toyota and Honda will have the same problem in about 20 years.</p><p></p><p>So as I see it, if they go bankrupt, many people will no longer draw a pension from the company and have to make do with social security and their own investments and savings. Is this fair? Probably not but I personally don't see why I should pay for their pension when I myself don't get one. Personally, I'd like to be able to draw the same pension as a lawmaker and would like to be able to get the same health insurance they do but I'm afraid this ain't going to happen since these people work for me. Or is it the other way around?</p></blockquote><p></p>
[QUOTE="Jogeephus, post: 605870, member: 4362"] I listened to a seemingly knowledgeable person on public radio that said the workers only made about $2.50/hour more than their counterparts Toyota and Honda. Said the difference in american companies is that they have so many retirees since they have been in business for nearly a century. This is where the $70/hr figure comes from. He said Toyota and Honda will have the same problem in about 20 years. So as I see it, if they go bankrupt, many people will no longer draw a pension from the company and have to make do with social security and their own investments and savings. Is this fair? Probably not but I personally don't see why I should pay for their pension when I myself don't get one. Personally, I'd like to be able to draw the same pension as a lawmaker and would like to be able to get the same health insurance they do but I'm afraid this ain't going to happen since these people work for me. Or is it the other way around? [/QUOTE]
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