I’ve always known that people in the auto industry live in their own little world, but this level of delusion surprises even me.
It’s breathtaking!
My neighbor retired from Chrysler a few years ago (before 50 years old) and he was just a low level exec. He’ll be the first to tell you that he was overpaid. When we talked about the $78 an hour cost of a union employee and he told me that it cost an estimated $400 per hour to employ him.
There are big problems with the union but they are far from the only problem.