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Economy / Personal Income, Spending #287045

CBS Evening News for Wednesday, Oct 19, 1983
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(Studio) Personal income and spending for September reported.
REPORTER: Dan Rather

(Warren, Ohio) Implications of United States industry's move out of country due to labor costs for American economy examined; General Motors' case cited as example [GM spokesperson Mary Jane TAYLOR - notes Mexican wages; claims most competitors are in Mexico.] GM's efforts to open low-wage assembly plant in Warren, Ohio, discussed. [Employee John ROCK - opposes new low wage.] Rock's current salary and anticipated wage for new employees compared on screen. [Union spokesperson Harold NICHOLS - claims General Motors Corporation threatened to take work to Mexico if union didn't vote for low-wage plant.] Implications for workers' purchasing power considered; uniqueness of GM's case in light of strong auto recovery and company's expected profits noted. [John NADZAN - prefers working at lower wages rather than not working at all.] [Pat FLANAGAN - disagrees.] [Union spokesperson Greg WHITMAN - won't work for Japanese or Mexican wages in Ohio.] No. jobs at GM's Juarez, Mexico, plant mentioned.
REPORTER: Ray Brady

Reporter(s):
Brady, Ray;
Rather, Dan
Duration:
00:03:20

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