From a MacNeil-Lehrer Interview with Douglas Fraser

ROBERT MacNEIL: Won’t fresh wage demands by auto workers further weaken the price competitiveness of U.S. cars, given foreign wage rates?

DOUGLAS FRASER: Well, I suppose if you’re just looking at wage increases in the abstract you could make that argument. But our productivity in the automobile industry is advancing at a very rapid rate, and as we increase the volume and get the economics of scale, there’s going to be a great escalati...