worked right to share profits: today president Biden said in referring to the auto workers strike, that workers have a right to share in the profit of the company they work for. do you...

DC Loc: Washington state

today president Biden said in referring to the auto workers strike, that workers have a right to share in the profit of the company they work for. do you agree with that and if so does that mean they also should share the losses as well? or are they not owners or investors and only intitled to there wages and those that have invested and took the risk are the ones intitled to the profits or losses

Jeremy Loc: America

Are you saying the Auto Industry loses money? That’s why they are still in business right because there is NO Profit?

Chuckay Loc: Central Florida

Jeremy wrote:

Are you saying the Auto Industry loses money? That’s why they are still in business right because there is NO Profit?

The government has bailed them out a few times in the past 😂😂😂

DC Loc: Washington state

Jeremy wrote:

Are you saying the Auto Industry loses money? That’s why they are still in business right because there is NO Profit?

I'm saying are workers in general intitled to part of the profits and if so do they share in the losses. Ford announced the EV car production suffered a 40,000,000 loss this year so should those workers be on the hook for part of that loss if the workers on the profitable production lines are untitled to share the profits. it's a general philosophical question not limited to the auto industry.

DC Loc: Washington state

Chuckay wrote:

The government has bailed them out a few times in the past 😂😂😂

yes they have and that is a completely different question should taxpayers subsidize and/or bail out failing companies?

Chuckay Loc: Central Florida

DC wrote:

yes they have and that is a completely different question should taxpayers subsidize and/or bail out failing companies?

DC, I have no idea about your question about profit sharing or how that would work.
I was just saying that I remember they were in trouble and had help with the tax payers money....
Just saying 😂😂

DC Loc: Washington state

I thought it was wrong then and wrong now. we the taxpayers should not be bailing out or subsidizing private companies

ranger632 Loc: Near Yosemite Park Ca.

DC wrote:

today president Biden said in referring to the auto workers strike, that workers have a right to share in the profit of the company they work for. do you agree with that and if so does that mean they also should share the losses as well? or are they not owners or investors and only intitled to there wages and those that have invested and took the risk are the ones intitled to the profits or losses

Don't know much about it but have heard that they are asking about $150.00 a hour, 4 day work week, more vacation and sick leave time, and profit sharing, seems a little much to me, but what do I know just a old Equipment Operator for the State. Never made those wages.

DC Loc: Washington state

just to state my position I do not believe hired workers are in anyway intitled to a companies profits or liable for the losses. that is solely for those who put their capital at risk as owners or stock holders. if their is a profit sharing benefit in their contract, which usually involves a lower pay scale in exchange for profit sharing that is a different issue

Jeremy Loc: America

DC wrote:

just to state my position I do not believe hired workers are in anyway intitled to a companies profits or liable for the losses. that is solely for those who put their capital at risk as owners or stock holders. if their is a profit sharing benefit in their contract, which usually involves a lower pay scale in exchange for profit sharing that is a different issue

So you DON’T believe they should lose when the CEO and upper management decided to make electric car?

Did you lose or have to pay out of your pocket when your employer wasn’t making huge profits? The speculators that invest that make huge money when things are good should be who loses when things suck. The bad thing is many industries are mismanaged and then the workers lose. Like Yellow Freight. They were spending millions a year on vacant properties. That’s the Management’s Fault not the workers or union’s. Crooked Bankers and Politicians bailed out banks and all sorts of things not just Car Companies. The Auto Industry bailouts were to keep American Jobs. So are you for or against keeping American jobs?

Remember Enron? Remember the crooked Banker that became a politician to change banking laws and then went right back into the Banking Business and ripped all of us off?

JDFishes Loc: Atlantic County

DC wrote:

today president Biden said in referring to the auto workers strike, that workers have a right to share in the profit of the company they work for. do you agree with that and if so does that mean they also should share the losses as well? or are they not owners or investors and only intitled to there wages and those that have invested and took the risk are the ones intitled to the profits or losses

Biden is wrong it is not a right. That’s what happens when a guy who never created a job, for anyone other then his son, comments on business. None of those people would have a job if it wasn’t for manufacturers, but reality is they can continue to manufacture cars, outside of Detroit or even America. Unions k**led Detroit and trying to strong arm a business will likely chase the remaining plants out. IMO

Jeremy Loc: America

DC wrote:

just to state my position I do not believe hired workers are in anyway intitled to a companies profits or liable for the losses. that is solely for those who put their capital at risk as owners or stock holders. if their is a profit sharing benefit in their contract, which usually involves a lower pay scale in exchange for profit sharing that is a different issue

So who is entitled to the profits of the Auto Workers? Not the workers? Politicians? Investors? Upper Cons in Management that make poor decisions. If the workers can make better living and cars cost the same WHY do you care?

Jeremy Loc: America

JDFishes wrote:

Biden is wrong it is not a right. That’s what happens when a guy who never created a job, for anyone other then his son, comments on business. None of those people would have a job if it wasn’t for manufacturers, but reality is they can continue to manufacture cars, outside of Detroit or even America. Unions k**led Detroit and trying to strong arm a business will likely chase the remaining plants out. IMO

Poor Management is what collapses Companies. I know it is hard for many of you on here to understand that. This Country was the strongest when it had more unions. It’s a DUH thing. Anyone that thinks making sure the workers don’t get paid worth a darn and Corporations rule is what the other extreme is. So some on here think strong Corporations or no good American Jobs is better well that’s not good for America.

JDFishes Loc: Atlantic County

DC wrote:

today president Biden said in referring to the auto workers strike, that workers have a right to share in the profit of the company they work for. do you agree with that and if so does that mean they also should share the losses as well? or are they not owners or investors and only intitled to there wages and those that have invested and took the risk are the ones intitled to the profits or losses

I do not agree with Biden that profit sharing is a right. I’m fairly sure that is not in the constitution.😁

JDFishes Loc: Atlantic County

Excessive wages, costs and pension liabilities can k**l the best run company. There will come a point when they will leave Detroit completely like most have done.
Businesses are created to make profit, I know that’s hard for some to understand but when the climate is no longer friendly for a business, they will move somewhere it is.
California is a perfect example.