nah, now you are just plappering the stuff the lobbyists want you to think. gm and co failed because they didn't adapt to the changing market, not because labor was too expensive. in fact, if they pay their workers a good wage, they will buy new cars instead of used ones and will buy them more often instead of driving them until they are worth only the scrap-metal price.

look at countries with real worker unions, eg. germany. didn't got the notion that they are completely inable to deal on an international scale and compete in both, prices and quality.

i still just don't get it that people really believe this stuff. "hey, we need to pay you less, so we can grow each year and satisfy the investors." basically they are just moving money from your pocket (reduced wage) into the pockets of the billionaires (artificial growth by lowering production cost -> thus higher share value and dividends). to someone as sophisticated as this audience (more or less into investment) it should be plainly obvious.