I would be surprised if the cost of living here in Michigan is much different than Iowa. GM's problems are being brought on by poor sales - even the foriegn makes are down 30 - 40%. Right now few people are buying new vehicles. And having credit jacked up that people have to have credit scores of 700+ doesn't help. Nearly half of the customers who come in can't get financing. And the $51 per hour must include benefits. Top pay for a UAW electrician is $32. And that's the highest in the plant. New production workers are making $14, with a 401K, limited benefits.
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