If paying lower wages is so great, how come Toyota posted a larger fourth quarter loss than GM this past year?
The world's biggest car maker by volume posted a net loss of Y436.94 billion in the fiscal year ended March, as it booked a net loss of Y765.8 billion, or about $7.74 billion, in its fiscal fourth quarter.
Struggling U.S. player General Motors Corp. said Thursday that it logged a $6 billion loss, dragged down by bankruptcy jitters and a global sales slump.
2nd UPDATE: Toyota Sees Deep Losses This FY On Weak Demand - WSJ.com
“I’m worried that I will be the last Republican president.” - George W. Bush
No, but that when you increase the picture to international scale, it changes things, with GM having a lower percentage of unionized labor overall. This changed the picture somewhat, though I am going to have to think a bit more about it after the hockey game to get a good picture of how. Too distracted now.
It's cheaper to live in the south, as you've already admitted. If we can live better on less income than northerners, why should employers pay more. I make a very good living now, but I would be a pauper in New York City.
And by the way.... we don't want or need any more people moving here.
The people in the Toyota plant here in Kentucky are very happy at their jobs. In contrast, employees at the two ford plants are constantly griping about one thing or another.
As a side note, you can eat off the floor of the Toyota plant. After walking through either of the Ford plants, I need to buy a new pair of shoes. That says something for the pride of the people working in the two different plants.
Detroit Diesel was one of the worst I've ever been in as far as the attitude of the people working there..