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.
Sunday, November 16, 2008
Why the auto industry is in trouble
2 comments:
Duh??
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?
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