For decades Detroit was the sickest city in the country AND was "ruled" by a corrupt race baiter, Coleman Young.
During his regime... the decline was steep and steady... especially economically!
A million residents migrated elsewhere.
Ultimately, there was no choice but bankruptcy... which wiped out the incredible debt as well as all the useless, corrupt government programs that had caused it.
Fortunately, Detroit's citizens also rejected race baiting politics and elected a mayor who actually properly managed the city's government functions.
He was a Democrat... but they didn't care that he was white!
The people saw beyond identity and elected competency!
Identity politics is antithetical to good governance.
Link: https://www.city-journal.org/article/the-dead-end-left
about the Auto Industry's actions over many decades...anti-union moves to suburbs...racial red lining...etc., etc.
This problem started back in the 1950's and 60's...how's about starting there with your "Analysis".
Link: https://en.wikipedia.org/wiki/Decline_of_Detroit
because Union wages made building cars here financially catastrophic. A one million persin population decline over a decade.
THIS was real unaffordablility and the same process is underway in our bluest states.
...history of Auto Industry Compensation Gap from 1950 - 2020...There was a time...you should remember...when Auto Workers had vacation homes and lived a good, productive life...it wasn't their fault compensation went from 20 -1, to 300 - 1....is the word "Fairness" part of your vocabulary?...
It doesn't have to be this way...HP gave out Quarterly Profit checks to Everyone...and Stock Plans for All Workers....Bill & Dave truly cared for the WHOLE TEAM that produced the profits.
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AI Overview
The history of auto industry executive pay versus average worker pay between 1950 and 2020 reflects a massive, accelerating divergence, shifting from a relatively equitable ratio in the post-war era to a top-heavy structure driven by stock-based compensation. While auto workers saw rising wages until the late 1970s, executive pay surged, particularly from the 1990s onward, often growing over 1,000% while worker pay stagnated.
1950sā1970s: The Era of Relative Equity
1960s Ratio: In 1965, CEOs in major U.S. companies made roughly 20 to 24 times more than the average worker.
Worker Compensation: During this period, automotive workers enjoyed strong wage growth, often rising with company profits and productivity.
1978 Position: By 1978, the CEO-to-worker compensation ratio was still relatively low, at approximately 30-to-1.
1980sā1990s: The Divergence Begins
Skyrocketing Pay: Executive pay began to explode in the 1980s and 1990s, driven by the financialization of compensation, with a large portion of pay now linked to stock options.
1989 Ratio: The CEO-to-worker pay ratio increased to 71-to-1 by 1989.
2000 Peak: The ratio peaked dramatically at around 366-to-1 to 386-to-1 in 2000, driven by the tech boom and stock market surge.
2000ā2020: The Modern Gap
Stagnant Wages: From roughly 1978 to 2020, typical worker pay rose only about 18%, while top CEO realized compensation grew over 1,300%.
2020 Ratio: In 2020, CEOs at major U.S. firms were paid 351 times as much as a typical worker.
Auto Industry Specifics: Even with fluctuations in the 2008 financial crisis, auto executives saw their compensation soar in the following decade. From 2013 to 2022, profits at Ford, Stellantis, and General Motors rose by 92%, while average hourly earnings for auto manufacturing workers fell by 19.3% in real terms between 2008 and 2023.
Key Driver: Stock Awards
The disparity is largely driven by a shift in executive compensation toward stock awards and exercised options, which totaled $20.1 million on average in 2020 and accounted for over 83% of realized compensation.
Note: Data often refers to the broader U.S. manufacturing industry and top 350 firms, which includes the major Detroit automakers.
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...when people write "race baiter," they think "N word."
My guess is that applies to all uses of that phrase.
Anyone who's lived in or near the D knows that Coleman Young's campaigns were prime race baiting.
Or are Blacks incapable of racism?
They are human beings Afterall.
Consent Management