When are the American car makers going to learn ...
January 17, 2007 2:51pm CST
I remember in 1976 my parents ordered a brand new Pontiac Grand Prix and they paid $6500 for it. In 1976, my father earned approximately $40,000. That is what ... 16 % of his gross income? I just looked at a 2007 Grand Prix that was stickered at $29,900. That means the same car now costs nearly 5 times what it did in 1976. So I guess my father is making 5 times more each year ... I think not! I know the price of all products have increased but it has not been in line with the increase in the average American's wages. Who is pocketing all this money?