It seems like every time a troubled industry starts to make money, the labor unions in those large companies in those industries demand more money, and if they don’t get it, they will strike. This is one reason the airline industry cannot re-invent itself, innovate, or buy more fuel-efficient airplanes to help it to greater profitability. The auto industry desperately needed to re-tool to build smaller cars instead of SUVs due to the higher fuel prices.
Unfortunately, the big three automakers were bogged down in sand due to the labor unions. The increased profits from making all those SUVs should have been reinvested in the future of those companies. But instead, the labor unions demanded better benefits, more health care, greater […]