Tuesday, December 27, 2011

How German automakers double U.S. production AND wages

Great quote:

"So, if I believed what the neo-liberals are arguing, we [Germany] would have to be bankrupt, but apparently this is not the case. Despite high wages... despite our possibility to influence companies, the economy is working well in Germany."

I can tell you, collaborative work by management and labor is definitely not what is taught in U.S. business schools, nor is it the practice, obviously. Tellingly, BMW and Mercedes plants in the U.S. pay much worse wages and probably produce lower-quality cars, because even German producers in the U.S. succumb to America's race-to-the-bottom industrial ethos.

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