RE: Car Companies
I also would blame the CEO's and higher ups as well. Here is an example of a CEO's yearly salary. They just hired a CEO for a certain company. This is a true statement and a real CEO. His yearly salary has been set to $1.2 million a year. He gets a sign on bonus for $1.2 million. At the end of the year he gets a bonus for 150% of his salary no matter what happens. And on top of that he has the ability to make another 200% of his salary in bonuses.
So if the company doesn't do well, for his first year he will still get $4.2 million. So what do companies do, layoffs, and go over seas to find cheaper labor. I am all for capitalism, but there should be a limit when it is affecting the employment of the American people. Do these CEO's really need that much?