Full Professor of Finance and Business Economics at the School of Management at the University of Michigan at Flint
Con to the question "Should the Big Three Car Manufacturers Be Bailed out by the US Government?"
"Should U.S. taxpayers really be providing billions of dollars to bailout companies (GM, Ford and Chrysler) that compensate their workers 52.5% more than the market (assuming Toyota wages and benefits are market), 54% more than management and professional workers, 132% more than the average manufacturing wage, and 157% more than the average compensation of all American workers?
Maybe the country would be better off in the long run if we let the Big Three fail, and in the process break the UAW labor monopoly, and then let Toyota, Honda and Volkswagen take over the U.S. auto industry, and restore realistic, competitive, market wages to the industry. It might be the best long-run solution."
"Should We Really Bail Out $73.20 Per Hour Labor?" "Carpe Diem" website post, Nov. 9, 2008
Experts Individuals with JDs, PhDs, other relevant advanced degrees, CEO's of major car manufacturing companies, and government officials with significant involvement in, or related to, automotive, business, and bankruptcy issues. [Note: Experts definition varies by site.]
Involvement and Affiliations:
Full Professor, Finance and Business Economics, School of Management, University of Michigan at Flint, 2006-present
Associate Professor, Finance and Business Economics, School of Management, University of Michigan at Flint, 2005-2006
Joint Appointment: Associate Professor, Economics, College of Arts and Sciences and Associate Professor, Finance, School of Management, University of Michigan at Flint, 2003-2005
Associate Professor, Economics, College of Arts and Sciences, University of Michigan at Flint, 2002-2003
Chairman, Department of Economics, University of Michigan at Flint, 2002-2003
Member, Board of Scholars, Mackinac Center for Public Policy, 1997-present
Assistant Professor, Economics, College of Arts and Sciences, University of Michigan at Flint, 1996-2002
Assistant Professor of Economics, Department of Economics and Finance, College of Business, Jacksonville University, 1993-1996
Visiting Assistant Professor, Department of Economics, George Mason University, 1991-1993
Former Visiting Professor, International Academy of Business and Banking, Togliatti, Russia