The jobs bank has come to symbolize whatever the general public thinks is wrong with the United Auto Workers and Detroit car
For many years, the UAW contract has stipulated that laid-off workers be paid nearly their entire compensation. Now, because
the jobs bank has become such a lightning rod, the UAW says it will suspend the benefit in the hope of persuading Congress
to OK a bailout.
Toyota made news this year when it treated its workers much the same. It continued to pay laid-off assembly line workers even
through production slowed and they werenâ??t needed. Yet, the decision wasnâ??t met with disdain.
Why are Americans repulsed about the UAW jobs bank but nod approvingly when Toyota keeps its workers on the payroll during
slow stretches? Is the difference that Toyota workers keep training during their layoffs?