General Motors is proof that slashing wages …

By Marshall Auerback This post first appeared on Salon.com General Motors just gave its workers a lot less reasons to feel grateful, announcing right after the Thanksgiving holiday that the automobile manufacturer planned to cut its salaried workforce by 15 percent, to dump most of its car models and to kill off five North American plants, in Detroit and Warren, Michigan;Warren, Ohio;White Marsh, Maryland; along with its Oshawa, Ontario plant north of the border. Yes, it’s a globally competitive business, and General Motors, like other American automobile manufacturers, has faced challenges from abroad. Additionally, some of GM’s problems have been self-inflicted, given its patchy record on

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