Not sure...at this point Toyota and Honda have pretty much the same pay scale as the American companies. So it would either have no affect or it would affect both groups.
Thanks Ravi - so the competitive advantage, which is essential in a market-based economy, may not rest on the skills of the workforce (prima facie I mean) or the dollars per hour paid to the workers on the factory floor, but it might be with the design of the product, its attraction to consumers?
From what I heard, it cost around 70.00 dollars an hr. for wage, and benefits with the big 3. It costs about 44.00 an hr. for wage, and benefits with Toyota. I hope that helps.
If that is so, and I don't know that it is, it doesn't seem out of line. Years ago, in a non union service industry, my $10 guys cost over $70 an hour to operate. Currently, most hourly rate service industries get in the neighborhood of $100 an hour for a man. Just call the Telco and have them send a guy out.
Of course, one big difference is the cost of a service vehicle that is broken down into that hourly cost.