Yes, that’s right. The so-called “Big Three” have shed 100,000 jobs in just the past two years.
Another decade at that pace and they literally will cease to exist.
As for “Big Three,” Toyota may have finally passed GM into the top U.S. sales slot in June. And, the Street knows that; that’s why GM’s stock price has fallen more than 50 percent — since the first of the year.
Meanwhile, as the story documents, plenty of workers are among the human detritus left behind by Big Three arrogance, Big Three refusal to be honest with themselves corporately, their employees and the general public about environmental and economy issues and more.
But, the 100,000 employees discarded in the last two years don’t get corporate golden parachutes.
Meanwhile, workers like John Martinez are the ever-more-frequent castaways making up the real story.
A skeptical leftist's, or post-capitalist's, or eco-socialist's blog, including skepticism about leftism (and related things under other labels), but even more about other issues of politics. Free of duopoly and minor party ties. Also, a skeptical look at Gnu Atheism, religion, social sciences, more.
Note: Labels can help describe people but should never be used to pin them to an anthill.
As seen at Washington Babylon and other fine establishments
July 01, 2008
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