Main menu:

Posts by Author

History of RPE Thought

Posts by Tag

RSS New from the CCPA

Progressive Bloggers

Meta

Recent Blog Posts

Recent Blog Comments

The Progressive Economics Forum

Archive for 'auto industry'

Digging Deeper on the GM Loan Repayment

Last week’s announcement by GM that is has fully repaid the loans it received from the U.S., Canadian, and Ontario governments (years ahead of schedule, and with interest) was greeted in most circles as another positive sign of the auto industry’s modest recovery.  Since the dark days of last June (when Chrysler was shut down [...]

Don’t Blame Auto Bailout for $50 b Deficit

In all the kerfuffle around Finance Minister Flaherty’s $50 billion deficit projection, the cost of the joint federal-Ontario support for the restructuring of GM and Chrysler has been getting a lot of attention.
But while that restructuring support is an important and expensive undertaking, there’s no way it should be fingered as the major cause (or [...]

Wage cuts, deflation and the feds

CCPA Executive Director Bruce Campbell coordinated the following letter, published at rabble.ca, from a number of progressive economists (mostly academic and private sector, not from the trade union sector) about the growing risk of deflation in general and the federal government’s attack on auto workers in particular.
Government pressure to cut wages will increase the risk [...]

What is YOUR All-in Hourly Labour Cost???

One enormous myth that has been propagated (sometimes innocently, sometimes not) in recent debates over the future of the auto industry is the false notion that auto workers “make” $75 per hour.
Autoworkers don’t remotely make that much money — yet the lie has been repeated often enough, I am amazed at how many people actually [...]