Monday, December 15, 2008

Reducing Wages

I really don't get why bringing the UAW workers wages in line with the rest of the industry is considered beyond the pale.  It is in many senses overly generous. The big three have a horrible reputation for quality.  In order for them to compete they will not only need to build cars of comprarable or superior quality but be able to compete on price.  To me that means that workers' wages need be below that of their competitors.  There are consequences of failure, and those consequences shouldn't be solely borne by the taxpayer.

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