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Mind the Gap

Posted By Conn Carroll On November 17, 2008 @ 12:42 pm In Economics | Comments Disabled

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 [1] provides this graphic:
paygap.jpg [2]
Also of note, according to the Department of Labor [3], the hourly compensation costs for all employees in manufacturing is $29.60. It’s a wonder Detroit has lasted this long.

Article printed from The Foundry: Conservative Policy News from The Heritage Foundation: http://blog.heritage.org

URL to article: http://blog.heritage.org/2008/11/17/mind-the-gap/

URLs in this post:

[1] Dr. Mark Perry: http://mjperry.blogspot.com/2008/11/cancer-on-big-three-29hr-pay-gap.html

[2] Image: http://www.foundry.org/wp-content/uploads/2008/11/paygap.jpg

[3] Department of Labor: http://www.bls.gov/opub/ted/2008/feb/wk2/art02.htm

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