Auto company wage disparity

U of M Economics professor tackles tough question of UAW wages

Excerpt:

We get that union auto workers are overpaid, we really do. Dr. Perry, however, seems to imply that there's something inherently wrong with a Ph.D professor making less than a high-school educated auto worker. The wage of a union auto worker, however, should come down because it's artificially high, not because the social order of education dictates that those with Ph.Ds should earn more than those who only finished high school. But hey, maybe we're being too sensitive.

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