As long as it’s $65-70/hr for a UAW line worker and the levels of automation per model volume stay equivalent, the US legacy automakers are on a path to insolvency.
No China does not have magic dust to come here and build at those labor rates either… they wouldn’t even start…
BREAKING: As of tonight, 1 in 7 homes for sale in America is in Florida - a state with only ~8% of the nation's homes.
The Florida for-sale market is flashing warning signs:
45% of listings have taken a price cut (6.6 pts above the national rate)
1 in 10 homes are selling for less than the original owner paid