Showing posts with label Auto-industry Bailout. Show all posts
Showing posts with label Auto-industry Bailout. Show all posts

Tuesday, December 16, 2008

How Can We Compete When We Are Old?

Now, I wonder if the aged auto plant work force, decimated and demographically warped by seniority-based layoffs, might be part of the problem?

Federal government moves to bail-out the auto industry are correct for moral, if not economic reasons, but Bourrie raises a helluva a good point. And in any case a bail-out can at best only make the ride to the bottom a little bit easier for these people.