Stagnant wages are a symptom of America’s failing economy, says former Florida Gov. Jeb Bush, a leading contender for the Republican presidential nomination in 2016.Bush’s remarks during a speech last week to the Detroit Economic Club are part of an unfolding discussion about income inequality and that will serve as the backdrop for this year’s contract negotiations between the United Auto Workers and Detroit’s automakers.
Since the 1930s, the UAW’s contracts with General Motors, Ford and Chrysler, now FCA US, have been enormously important for setting wage and benefits standards for autoworkers.
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