THE FUTILITY OF REFORMS

- Another aspect of the economic downturn is the downward pressure on wages and benefits. General Motors now says it can’t afford pension and medical plans and a recent deal with the union, UAW, limits overtime, cuts cash bonuses and gets rid of cost-of-living pay raises. This is only a beginning. Concessions by the union are a condition of the $17.4 billion in government loans that the automakers have made so far. CAW Canada president, Ken Lewenza said,
“Labour costs clearly did not cause this worldwide crisis in the auto industry, and labour concessions cannot possibly solve that crisis but we can’t ignore the precarious financial state of these companies, the extraordinary government offers of aid and our need to remain fully competitive for future investment”.
In otherwords, we go with the system without much of a fight. It’s like we say, wages tend to rise in boom times, and fall in times of recession. Now we’ll spend the next twenty years trying to regain what we have lost. The futility of reform, the solution is revolution.
John Ayers