Mises Quote

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Hudson

Oct-05
11

Questions to Ponder

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Question; What do Delphi, UAL, Northwest Airlines, Delta Airlines, the city of San Diego, the steel industry, the mining industry, every state , and every school district in the nation have or about to have in common?

Question: If the demand for a product decreases while the factors of production increases; then the price of the good should [fall or rise] and the cost of the factors of production should [decrease or increase]?

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Categories : General

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  1. admin says:

    It certainly doesn’t help that they pay forklift drivers 6 figure salaries in Detroit!

    http://www.detnews.com/2005/autosinsider/0509/18/A01-318432.htm

    “What’s unique to autoworkers is that their lifestyle was dependent on overtime pay, especially veteran autoworkers,” said Lou Glazer, president of Michigan Future Inc., an Ann Arbor think tank studying work force and economic trends.

    Oscar Gray’s income from Delphi’s Delco facility in Flint topped $100,000 as recently as last year.

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