When Did Cutting the Grass Become a Manufacturing Job?
Inspired by Delphi's Stephen Miller, Henry Payne at NRO has an incisive look at the factors that made the current job cuts and factory shutdowns at General Motors and Ford (Can DCX be far behind?) inevitable:
"Miller's frank assessment of unsustainable labor contracts is a refreshing dose of candor in an industry that for too long has talked around union-labor costs in a way that is totally divorced from the realities of the U.S. labor market - much less the global labor market."
Perhaps the real miracle is that it took so long for the economics of reality to catch up with the Big Three and the UAW.