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posted to rec.boats
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First recorded activity by BoatBanter: Jan 2010
Posts: 49
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BREAKING: Brown Wins in Mass. Race
Harry wrote:
On 1/27/10 8:20 PM, Bruce wrote:
Harry wrote:
wrote:
On Mon, 25 Jan 2010 19:34:53 -0500, bpuharic wrote:
On Mon, 25 Jan 2010 00:32:11 -0500, wrote:
On Sun, 24 Jan 2010 19:51:07 -0500, Harry
wrote:
You righties seem to have no understanding whatsoever about the
purpose of a labor union.
I know all about unions, remember my mom worked for the Teamster's
international for 20 years.
Unfortunately the UAW and the big 3 management companies were all
creating an unsustainable bubble in what they were giving the
employees. It wasn't about "fair" or "enough", it was always about
"more".
They simply jacked up the prices of the cars, everybody was making a
lot of money and we paid it. That bubble popped.
except, of course, wages are less than 10% of the price of a car...
... and the pension plan is 15% of the price
That adds up to a whopping 25% for labor costs alone. Then there is
foreign and domestic factory operations, executive
bonuses,marketing/advertizing, floor planning, dealer incentives,
dealer markup, dealer packs.
I'll bet the sub assemblies in a 40K car don't cost the mfr. more than
10 K
They should start selling the cars in kit form.
Cost isn't always cost unless they are a one-man operation selling them
on Craigslist. They have to cover warranty repairs, G&A, interest,
marketing, R&D, dealer financing, sales commissions, etc. Ever read an
income statement for a company? Go here and pick your favorite company.
It doesn't have to be a manufacturer:
finance.yahoo.com
Tomorrow we will discuss balance sheets.
As Bruce the Hairdresser, Rob the Right-Wing Robot, or Danny Krueger,
the more evil twin brother of Freddie Krueger?
I'm not a hairdresser, but I do have hair. You got any left?
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