(Click on title for more) In part, here ya go:
The U.S. government is pouring billions into General Motors in hopes of reviving the domestic economy, but when the automaker completes its restructuring plan, many of the company's new jobs will be filled by workers overseas.
"The bottom line is GM would rather pay $2 an hour -- and it's a slippery slope downward," said Alan Reuther, the UAW's legislative director. "If GM is going to be getting government assistance, they ought to be maintaining their manufacturing footprint in the U.S. rather than going off to China, Mexico and South Korea."
Labor costs in those countries are far lower. While paying a U.S. autoworker with benefits costs about $54 an hour, a South Korean worker earns about $22 an hour, a Mexican worker earns less than $10 an hour and some Chinese workers can earn as little as $3 an hour, industry sources said.
Labor costs in those countries are far lower. While paying a U.S. autoworker with benefits costs about $54 an hour, a South Korean worker earns about $22 an hour, a Mexican worker earns less than $10 an hour and some Chinese workers can earn as little as $3 an hour, industry sources said.
For anyone pissed off because so many jobs leave the U.S. and go overseas, perhaps you could explain why we are bailing out GM and GMAC?
First, they take OUR money and spend it on production plants overseas. They'll be building the cars overseas, Then, they give our jobs to South Korea, Mexico and China.
But, hey, no worries. Obama promised to 'save and create' 5 million jobs. Just sit back, relax, and pour yourself some more Kool-Aid. I'm sure your savior will make good on his promise.
His awe inspiring words are spinning you right in to oblivion. Unfortunatley, it will be too late.
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