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Toyota has surpassed GM as the largest automaker in the world. Toyota is now using its position to lower wages and benefits across the US auto industry, with wages 25-30% lower than the Big Three automakers. Toyota is pushing to further lower labor costs, with new hires making 50% above the local manufacturing wage. This will lower wages at Toyota plants and exert downward pressure on wages across the entire US auto industry.
Toyota has surpassed GM as the largest automaker in the world. Toyota is now using its position to lower wages and benefits across the US auto industry, with wages 25-30% lower than the Big …