Who, or What, Killed Detroit? Union Greed

…the main reason for Detroit’s decline is the greed of the industry’s main union, the UAW, which priced the Big Three out of the market.

As recently as 2008, GM, Ford and Chrysler paid their employees on average more than $73 an hour in total compensation. The 12 foreign transplants, operating in nonunion states mostly in the South and Midwest, averaged about $42 an hour.

Guess which manufacturers are healthiest and expanding their market today?

via RealClearMarkets – Who, or What, Killed Detroit? Union Greed.

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One thought on “Who, or What, Killed Detroit? Union Greed

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