FT: The Cashback Economy

[Michael Perelman]

Part of the reason is that the auto unions have a provision in their contract
that sort of turned their wages into a fixed rather variable cost, so the
companies might as well keep their workers busy.

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Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu