Monday, January 23, 2006

Ford Motor Cuts More Proof Old Ways Don't Work

The debate about big unions and money-losing defined benefit pensions took on a local dimension when Ford Motor Company said it would close fourteen U.S. plants by 2008.

Louisville's facilities weren't on the first list today, but the company said two more closings would be determined later this year.

This kind of thing will continue as more companies try to shift out of outmoded business practices.

And speaking of outmoded, Kentucky's House Democrats are joining the liberal bandwagon in thinking they are going to end poverty as we know it by forcing businesses to pay more than the federal minimum wage.