Any bailout, restructuring or government-overseen bankruptcy should be accompanied by comprehensive healthcare reform for all workers, along with substantial improvements in the safety net such as wage insurance, extended unemployment benefits, training and education subsidies. Full Story »
Posted by Kaizar Campwala
When US company's complain about the unfair advantages given to their foreign competitors they rarely mention that the employees of many of those competitors have government provided health care. It seems somewhat odd that American companies don't push for "socialized medicine" as that would help their bottom line/global competitiveness. This article talks about how a 1950 GM/labor agreement where GM started to assume health-care and pension benefits (rather then some other scheme) has in effect doomed the company. Certainly other factors are involved but the story makes a good point.
