Quote:
Originally Posted by dyna mo
completely and absolutely wrong.
detroit worked for several decades for all, and that's including union based wages. auto mismanagement in the wake of fierce foreign competition wiped them out, not high wages.
it's amazing you two are in here trying to argue shit you have no idea about.
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I agree, it went downhill when foreign competition started... at that time instead of getting their shit together, innovating, etc... auto industry lobbyists got the government to enact quotas on imported cars, causing their prices to rise... this allowed incompetence and lack of innovation to continue...
this protection from the government kept the industry alive for a few more decades, until artificially high wages created by unions combined with lack of innovation finally killed off the Detroit auto industry...
so as galleryseek pointed out, the 2 main contributing factors were government involvement (tariffs/quotas) and unions that created artificially high unsustainable wages...