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Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?

To: John Carragher who wrote (15629)	4/17/2004 7:05:14 PM
From: Orcastraiter	Read Replies (1) \| Respond to of 81568

The primary factors in Japan taking on the big three were, in order of importance: 1. Gas prices went way up and folks had to wait in line to get gas. The economy stagnated, inflation and high interest rates and high unemployment meant people bought cheaper more efficient Japanese cars. 2. Management kept on manufacturing gas guzzlers, even as sales plunged. 3. Robotics and modern manufacturing plants reduced labor intensive operations in Japanese plants. Big three management did not invest in new plants. Labor did not enter into the picture as a major factor. It's a myth. It was only a minor factor. Just as bad, if not worse, were the raises for management and the huge jump in CEO salaries. Anyone that says that labor did in the big three is not aware of the facts. Orca