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The Foundry

Mind the Gap

Wanna know why Ford and GM lost billions this quarter while Toyota posted a tiny profit? University of Michigan at Flint professor of economics Dr. Mark Perry provides this graphic:
paygap.jpg
Also of note, according to the Department of Labor, the hourly compensation costs for all employees in manufacturing is $29.60. It’s a wonder Detroit has lasted this long.

  • Author: Conn Carroll
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2 Comments

November 17, 2008 A Picture is Worth Twenty Five Billion Dollars | The Sundries Shack writes:

[...] (via The Foundry) [...]

November 18, 2008 dennis Aderholt writes:

When you look at this it is no wonder the big 3 are in trouble. There again the uaw has priced itself out of a job. It is time the union went by the wayside.The auto workers need to start building a quality product at an affordable price and America will buy it. How many employees come to work and are under the influence of something and then try to build a vehicle??????The union protects them so they can not be fired.

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