Friday, December 02, 2005
With Wages & Benefits Falling, Michigan Workers Doing More with Less
The Detroit News takes a look at some of the tens of thousands of Michigan workers who are downsizing their lives to keep from going broke as employers scale back pay and benefits or cut jobs entirely. With Delphi floating cutting UAW hourly wages from about $27 to as low as $10, workers in airline & other industries seeing salary cuts as high as 25% and GM retirees now paying for insurance, doing more with less appears to be a skill Michiganians will need. Lou Glazer, president of Michigan Future Inc. says "Declining wages is the biggest story in Michigan for the next five years".
# posted by farlane @ 9:51 AM
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