This is why I differ with Ron Paul on free trade. There’s no way American companies can compete with overseas slave labor. The UAW was certainly one of the contributing factors to GM’s fall from grace. But this UAW ownership interest cound work out positively… now they will actually have to give a shit whether the company makes a profit or not instead of just making sure that they get theirs and let all of the other chips fall where they may.
Maybe this will lead to them shitcanning the lazy, unproductive worthless employees in their own ranks, make the workers a little more productive, accept more reasonable benefits, etc.
EDIT: THAT IS A BIG MAYBE.