January 4, 2009
Labour Costs and the Auto Bailouts
One of the central issues that materialize when people talk about the bailouts for the auto industry is the high cost of labour. Apparently, the Big 3 pay the average worker $73 per hour, but we should all know this is only kind of true. (Of course, when brokerages, banks and insurance companies are bailed out, no one asks why certain traders and executives continue […]