What Does GM-UAW Deal Mean for American Workers?

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The US auto industry once led the manufacturing world, providing high wages, adequate health benefits and generous pensions. Now, auto-workers are among those getting squeezed out of what's called "economic recovery." After looking at General Motors' financial situation, United Auto Workers Union leaders have agreed to $15 billion in healthcare reductions. Delphi, the parts maker spun off from GM seven years ago, wants to impose a two-thirds pay cut to help the company out of bankruptcy. Some economists say it's all about the globalized economy, but others blame America's way of doing business. Will more companies stop offering health benefits altogether? Will top executives take cuts along with their workers? Does this mean the end of America's prosperous middle class? We speak with experts in labor, public policy, healthcare and global economics.
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