General Motors’ leadership shouldn’t budge in its negotiations with the United Automobile Workers union representing its employees. As with most unions, UAW has little interest in the high rhetoric of fairness they spout. They simply care about extracting maximum resources without regard to broader economic factors.

But GM workers are already getting a great deal — a far better deal than other automobile workers around the nation. Were GM to offer more than the extremely generous new contract it has presented, a contract which includes generous new profit-sharing offers, it would betray its shareholders and risk its economic viability. That is to say, it would act unfairly.

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