That's impossible. They're "too big to fail". Bush bailed them out with $7.4 billion in tax payer money, and later Obama did the same with tens of billions.
However things are "supposed to work" for failing businesses that exploit their workers, in the real world it's all a very different story.
your opinion about "How the system is supposed to work" is ahistorical and not based in reality.
0: https://en.wikipedia.org/wiki/National_Labor_Relations_Act_o...
That's what they did, it's called a "strike".
Whether the decisions were bad is a matter of opinion, and it's not a given that union employees quiting in mass would kill the company instantly.
(personally I do agree the auto companies have acted in bad faith and would be screwed if these workers all quit, but we'll ever see that happen to know for sure)
But I am also a socialist. I think the reverence for the capitalist class in the U.S. is unhealthy, and it permits lot of CEOs to be a-holes and wannabe dictators. I think Americans who are worried about unions destroying companies, you should look at Germany. They give unions a seat at the board, so that everybody is aware how the profits are split, and to see whether compensation is fair or not.
I think socialism can be distilled down to a really simple question (and that's when I really got Marx). If you want to start a new project, say building a genius invention, or an art piece, or just do something useful for the world, whatever it is. Why would you ever want an employee (a subordinate) instead of a coworker (a peer)? Is there any other reason than to control them? Why do you want to be "bossy"? And once you answer that no, I don't want to order people around as subordinates, just to cooperate with them as my peers, then socialism is just technicalities how to make it happen.
Ah yes, like the non-union, non-shitty Tesla, right?
"Tesla ran over worker rights, again, US labor judge finds"
I guess I don't see that result as a given. It seems at least as (probably more) likely that if an automaker falls it'll be taken over by another entity that could be even more hostile to workers.
Supposedly workers can freely chose to whom they sell their working capacity and thus can negotiate a fair share of the value created.
I personally don't see that working, at least not with strong union laws or even complete syndicalisation of all means of production; the global worker pool and the mobility of companies (vs. the immobility of workers) gives companies just too much of an edge in this negotiation (at least outside of bourgeoisie knowledge workers).
As evidence I point to the decoupling of company earnings vs. labor income share since the 1980ies.
Counterpoint: Tesla, Fisker, Rivian, Lucid, Faraday Future, not to mention all the new Chinese brands that I don't follow. Difficult maybe but far from impossible, and not at all a natural monopoly.
Tesla took 5 years to produce its first car, and another four years to produce a second one.
And it took them 17 years to break even: https://www.statista.com/chart/26705/yearly-net-income-and-r...
Take away tax breaks, subsidies, and the concept of "too big to fail" and I can't imagine companies could ever get to the size of a modern auto manufacturer, tech company, bank, etc.
That’s a childish and destructive line of thought. No surprise it’s common in tech.
In reality new companies don't just pop up out of nothing overnight. And especially in the US, where labor protections are nearly non-existent compared to the rest of the developed world, the new companies tend to he worse than the ones before them. See: gig economy. See: Tesla's record with unions.
Because no American should be allowed to complain about unfair treatment until they are being treated as poorly as the slaves used by automakers in other countries. Let's all race to the bottom!
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A Ford Motor Co. battery plant expected to create 2,500 jobs in Michigan will pay an average salary of $45,136 a year with most workers earning $41,600, according to estimates shared with lawmakers.
https://www.mlive.com/public-interest/2023/03/new-ford-plant...
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Median income in Michigan is 62 000 dollars [1]
[1] https://www.census.gov/quickfacts/fact/table/MI/INC110221
Companies can pay below subsistence wages longer than you can eat out of the job market.
What you're describing is certainly a real issue, but it can solved in its entirety by simply providing visas, or even work permits.