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The problem is UAW doesn't want to re-negotiate because it knows there's no way it will ever have its standard of living this good ever again. GM and Ford would probably insist on slashing wages by half. Already new hires who are not UAW are put on a different pay and benefit scale to reflect that a machine could do their job. GM has already volunteered 300,000 UAW employees for "early retirement" -- coaxing them to leave the line and retire early -- so they could be replaced with cheaper, non-union labor.


The UAW won't exist if the big three fold.


Its not smart to know that. Its confident they will be bailed out.




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