You'll believe anything!
But they did agree in negotiations with Ford to reduce it to $55 per hour with benefits
This reminds me of a few months back when lots of Lehman Brothers software developers hit the streets and really believed they were worth the $200K+ base they were earning; when sussed out, it was clear that skill-wise they might be worthy of $100K here in NYC.
For so long the major unions have held unrealistic expectations of worth; there is no question that holding firm to compensation and benefit demands is going to severely hurt any chance of automotive industry recovery. From a point of pattern bargaining, this news is good news for the sector; once there's a new agreed upon practice, others will follow.
I'd like to see some of this positive energy flow into other areas (like K-12 and college education) to develop a more realistic relationship that has the needs of the consumer/user/etc. as a primary goal.
Have to start somewhere.