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Michigan economy goes to the brink with Delphi

This Thursday is the deadline for Delphi, the bankrupt auto parts maker, to come to agreement with its employees on a much lower hourly wage.

Today's Detroit News outlines a proposal where Delphi with GM's assistance offers lower wages at a graduated pace.  First step would be with the average employee going from $27 to $22 per hour and ending at $16 an hour.

If no deal is reached by Thursday, then Delphi will go to the bankruptcy court judge and ask that the contracts with their employees be voided.  That would probably precipitate a strike.

If that happens, then Michigan's quandry and troubles will be at the crisis point.  Politicians from both sides will have to work together to ensure that our state has a future.  The likelihood of both sides working together towards a positive end?

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