Ford came to an agreement today with the UAW to get average wages "down" to about $55/hour all-inclusive (that's $110, 000/year for those of you keeping score at home).
Wow - you make crappy, unimaginative cars and you reward the assembly monkeys with a salary the would make an MBA blush...and people wonder why the Detroit Lions (the Ford family's football team) has sucked for so long - as bondtrader El Niño Alaska has mused in the past, "when the fish stinks, it stinks from the head"...bad management can kill anything...
Just let these moribund industries go Chapter 11 and let them reorganize...please?
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