It’s the best one-image summary of why the Detroit Three are in such hot water, and it’s on Michigan economist Mark Perry’s blog.
The Only Graph You Really Need to Understand the Auto Industry’s Problems
One response to “The Only Graph You Really Need to Understand the Auto Industry’s Problems”
For such a smart guy you should know better than to grab obscure data and not question the content. Did you realize the $70 per hour includes all employees past and present, health care and pensions included, divided by only present employees of which there are far fewer due to the contraction of global sales? The legacy cost of retirement and health care over the much smaller number of employees is the problem not the actually hourly wage. IT IS A PURPOSEFUL PROPAGANDIST STRATEGY. Your Musings are not amusing or accurate.