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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (532759)11/25/2009 5:53:30 PM
From: TimF  Read Replies (2) of 1576163
 
But the cost of living was still high.....because you still had people making major bucks at the auto companies.

Once you had high unemployment rate, and massive layoffs, the salaries at the auto companies driving up costs wasn't as much of a factor. (Which doesn't mean costs where low, but there where other factors driving them up).

Also the "making the big bucks" was itself partially a result of the unions.

Weak mgmt refused to do what needed to be done to keep the unions in check.

I agree.
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