Sunday, November 16, 2008

Why the auto industry is in trouble

If you want to figure out why the U.S. auto industry is in deep trouble, while Japanese car companies operating in the United States are doing a bit better, this picture from Mark Perry, an econ prof of University of Michigan, Flint, may be a good place to start.


Anonymous said...


Anonymous said...

Does that chart reflect only hourly workers (labor)?
What about the CEO pay?
American Airlines' labor sacrificed more than 30% of their pay while the CEOs continue to get millions. Ooo, can you tell this strikes a cord?