Sunday, July 25, 2010

The New Normal

I really don't know how people expect this country to survive with these trends.

Yet they fall into distinctly unequal classes: About half make $28 an hour or more, while the rest, the recently hired, make $14.

This oddity, which could become the norm in much of the domestic U.S. auto industry, arises from the jury-rigged labor agreement that the United Auto Workers, U.S. automakers and the federal government reached during the industry's near-death experience last year.

Unlike banksters, who did not have their pay renegotiated to $14/hour, autoworkers actually do something useful in society.