How is this a party problem? These are companies that are run by major shareholders and Board of Directors.They are pricing themselves into automation.
They all are screwing themselves. Wages are only part of the picture. What are their benefits worth? Why does the pickup cost so much? Pension expenses. $33 an hour is beans. GM is getting labor for that wage. It's all of those pensions and healthcare benefits they pay for retired people that is killing them. It's the same as the post office. BUT, they agreed to those terms. Maybe it was to get lines moving again, but it kicked the can down the road. I think the straightaway ended and they are looking at a hairpin curve with a cliff just beyond.
It's not a single party that is to blame, both parties are to blame.
So I answered your questions correctly, what do you think I am referring two when I blame both parties?How is this a party problem? These are companies that are run by major shareholders and Board of Directors.
Pensions? What are those? Only 95% of the US work force get one. It's all 401K now.
I think the figure is more like 50-54% or about half of US workers currently participate in a retirement plan at the workplace.
Sorry, I should have been more cl
Retirement plan yes, with your own money in a 401K or 403B depending on what type of company you work for. Some companies will match many can't or won't. The days of 30 years and out on dang near full wage plus health insurance are over.I think the figure is more like 50-54% or about half of US workers currently participate in a retirement plan at the workplace.
Sorry I should have been more clear, I agree both parties are crooks, and it's amazing to see how many enter as regular folks and leave millionaires. My point was is was more of a corporate greed issue. I have a friend that works with a lot of steel, when the tariffs were raised on foreign steel, rather than make more here, by opening up new plants or shuttered ones, they just raised their prices to make more money.
The problem is there is risk. How much risk depends upon how you set up.your 401kMy wife is fortunate enough to work for a company that will match dollar for dollar up to 10%, unless I'm mistaken that's a 10% ROI. Don't know of anywhere else we can make that without risk.
True, there is always some risk. My parents who are in their early 80's got stung by bad financial advice. Their financial advisor had them in almost 100% stocks, When the market tanked they lost almost 1/2 of their retirement savings, forcing them to work much longer than they wanted to. It's to the point now that I need to financially support them, in order for them to stay where they are. Interesting how life goes full circle sometimes.The problem is there is risk. How much risk depends upon how you set up.your 401k