Wage Inequality In The Automobile Industry
Wage Inequality in the United States
There are two different kinds of wage inequality that are generally thought of when someone talks about wage inequality in the automobile industry. The first is between workers and management. In the United States, the gap in pay bewteen the average worker and the CEO of a car company is in the order of hundreds at least, and that doesn't even look at potential bonus and incentive packages. Clearly, this angers some people, but others say that it's wrong to envy success, and that those who worked hard enough to become CEO's in their life should not be penalized for it.
Wage Inequality Globally for the Automobile Industry
There is also a commonly cited wage inequality when one takes a look at the international system as a whole. US workers were paid far more than Japanese or German auto manufacturers because of their powerful auto Unions and their outdated contracts.
When the recent financial crisis hit and the automobile industry was damaged, the Unions and management in many American auto companies decided to renegotiate their contracts from one that simply gives X benefits to one that ties their benefits to stock, as in the success of the company as a whole. In effect, the industry is being partly owned by the worker. Whether it works, however, has yet to be seen.
More by this Author
Ever wanted to know how to butcher a beef cow? Well this here is your all-around guide. There are some basic pieces of info on the site here, and beyond that there are links to some of the best sites on the Internet...
Have you ever wanted to learn how to butcher a pig? Then you've certainly come to the right place. I scoured Google Image Search for just the right pictures to get the point across. I think that the pig...
There are quite a few guides on the Internet concerning how to open your own bar. What I have here is a concise compiling of the best pieces from all of those sites, into one great guide to get yourself...
No comments yet.