dw57

U.S. Automakers’ Race to the Bottom

this is the race to bottom that we have been in since globalization started years ago. we are now seeing the results of all that hard work or eliminating as many American jobs as possible and reducing workers wages as much as possible. the result of course is that the consumer (aka a worker for some one some where) now finds them selves in no position to buy products. no matter how cheap they are. that was a fiction that shredded by in the 1900s when Ford figured out that if you didn't pay your workers well, they couldn't buy your products. or any body elses. well, nobody believed that then, and we tried that same experiment again. with predictable results, it just took longer cause we added easy credit to the mix. thats now gone, never to return. and reality is now sinking in