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Monday, June 26, 2006

Goodbye middle class

A good portion of what's left of the middle class is about to disappear:

General Motors will on Monday disclose details of one of most dramatic corporate downsizings in US history, exceeding a key target of its turnround plan and accelerating the demise of the privileged American car worker.

Rick Wagoner, chief executive, is expected to announce that about 30,000 workers – more than a quarter of GM's blue-collar US workforce – have taken up its offer of early retirement and severance packages.

Just how many hamburger flippers can we employ in this country?

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