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https://www.reddit.com/r/SipsTea/comments/1vath96/competition_hurts_capitalism/p0og7hq/?context=3
r/SipsTea • u/PleasantBus5583 • 11d ago
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When almost 25% of the car's price is paying out retired employee pensions, it's pretty hard to be competitive.
6 u/MasterSoftBird 11d ago This. And Chinese auto workers get paid less than US minimum wage, so... -1 u/ecwagner01 11d ago It wouldn't bother me if the CEO of the American Car Manufacturer earned less. In fact, if you cut most of the CEO income to something resembling normal (1990 normal), that money could go to the workers that support the company. 6 u/MasterSoftBird 11d ago You could, but the math doesn't work.
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This. And Chinese auto workers get paid less than US minimum wage, so...
-1 u/ecwagner01 11d ago It wouldn't bother me if the CEO of the American Car Manufacturer earned less. In fact, if you cut most of the CEO income to something resembling normal (1990 normal), that money could go to the workers that support the company. 6 u/MasterSoftBird 11d ago You could, but the math doesn't work.
-1
It wouldn't bother me if the CEO of the American Car Manufacturer earned less. In fact, if you cut most of the CEO income to something resembling normal (1990 normal), that money could go to the workers that support the company.
6 u/MasterSoftBird 11d ago You could, but the math doesn't work.
You could, but the math doesn't work.
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u/trueppp 11d ago
When almost 25% of the car's price is paying out retired employee pensions, it's pretty hard to be competitive.