The focus of the blog is on the economic and financial uncertainties that the world economies will face over the next five years along with demonstrating how investors can profit and survive during the upcoming manipulated economic chaos. Please keep-in-mind that I don't provide investment advice. I am simply posting what my investment views of the market happen to be. Your investment decisions are solely your own responsibility.
Wednesday, December 17, 2008
Chrysler Shuts Down All Production
Starting this Friday, Chrysler will shut down all production of its vehicles at all of its 30 plants for one month, which is two weeks longer than it normally does at this time of year. Now, this is the real kicker. Workers will receive 95% of their wages during the shut down. Please tell me where is the incentive to change the status quo? Why would the UAW want to change anything when its workers can take a month off, not vacation time, and still get 95% of their salary. And, I thought they were going to remove the job bank. Sign me up, please. I want a deal like that!
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