[lbo-talk] Bankruptcy attack?

Steven L. Robinson srobin21 at comcast.net
Fri Oct 28 13:47:39 PDT 2005


But don't the competitors in Germany and Japan have high labor costs as well? Isn't Mercedes owned Chrysler doing better than the big two? SR

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> I've got to say, I don't really know how the unions should respond.
> High auto industry wages - average hourly earnings (excluding
> benefits) in "transportation equipment" are over $22, with UAW wages
> much higher, compared with an average wage of $16 - are a relic of
> the long-gone days when the big three were a near-monopoly. They've
> been ratcheted down over the years, but it now looks like we're in
> the final stages of the process. Short of really major changes in the
> economic system, I just don't see how it can be stopped. Maybe some
> other folks can come up with some good ideas.
>
> Doug
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> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
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