Archive for the ‘Commentary’ Category
Detroit’s Untenable Position
(Source and More info on the #’s behind this)
No matter what, if Detroit doesn’t hit the core issue head on, they’re done, it’s just a matter of time. Any entrepreneur worth his salt can tell you that people/employees are by far your largest expense. And if, because of unions, your largest expense costs you 50% more than your competitor per unit, you’re off the reservation if you think you can defend that long term. It’s only a matter of time. The unions and Detroit have both painted themselves into a corner. I’ll predict it here, unless they bust them up, or drastically renegotiate the commitments (READ: let them go bankrupt so that external process can MANDATE change to the unions), they
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