Hello,
>Back when the UAW was pushing for better retirement, and GM was caving,
no
>one expected us Boomers to live this long. The retirement payout was
killing
>them. Of course one can say they should have managed better, and put
more of
>those billions of profit dollars they made when SUV's took off into
the
>retirement fund, but they didn't.
>Back in the late 60's one of the economics professors at my college
kept
>preaching that you can't pay $17.00 an hour and still have $.39 bread.
I guess
>he was right.
Welcome to capitalism :-) the marketshare will solve everything, isn't
it?
>I'm not taking sides here. GM was greedy, the unions were greedy, and
now
>the retirees are going to pay for it.
However, remember that the retirement funds are backed up by government
insurance, so we (ie: the youg ones) will pay for it in taxes... That
and the 500trillion debt...
cyrille
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