Asked and answered

From a CSMonitor article on the “other” US auto industry:

“If you’re making $60 or $70 an hour, I can see how you don’t want to work for $20,” says West Point barber Dewey Rayley, who reports that most of his customers look unfavorably on a federal bailout for the American auto companies. “But that’s the thing: What makes you think it’s worth so much just to build a car?”

The price of the car.

Similarly, to take an example from the 90s we’re all familiar with, the shoe companies’ real crime is not that they charge a high price for the shoes (good shoes could certainly cost real money), nor that they pay the workers a pittance to make the shoes (their wages could certainly be higher than the alternatives), but the combination of these two facts.

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