Think GM is cheap...? Try Ford!
And what is the DELPHI EFFECT....? Well consider:
If Delphi gets its wage reductions...in bankruptcy court...will the "transplant" car companies in the Southern States REALLY persist in paying UAW wages to their workers...? I don't think so.
If the "wage escalator" goes into reverse at Delphi...it's just a matter of time before the transplant workers are earning $9 per hour too!
The dirty little economic secret is that UNION JOBS have great effect on the wages paid to NON-UNION WORKERS!
If Delphi "wins"...the American workforce as a WHOLE is in for a big wage haircut in 2006...!
