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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: MulhollandDrive who wrote (168498)12/2/2008 10:29:02 PM
From: bentwayRead Replies (1) of 306849
 
Pensions and retirement health care costs shouldn't be hung on today's workers, who's average pay is $28/hr. The retired workers already put in the added value to cover those costs when they were working.

From WW II until fairly recently, Detroit was making money hand over fist for the most part, year after year, selling dumb Americans the same clown cars with new sheet metal every year. The fact that the management didn't structure the pay out in a sustainable way isn't the fault of the workers, then or now.
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