News & Views » Detroit News

The Oracle of Delphi


“Delphi is simply a flashpoint, a test case, for all the economic and social trends that are on a collision course in our country and around the globe,” says Steve Miller, the CEO of Delphi, the auto parts giant that recently filed for bankruptcy. With pressure on unions to accept painfully deep pay cuts — two-thirds — or lose their pensions, Miller is, in the words of economics writer Daniel Gross, “kicking off what is sure to be one of the great cram-downs in America history.” In fact, Gross argues, Millers is a leader in the re-proletariatization of the U.S. workforce. Read Gross’ article, which originally appeared in the online journal Slate. You may read the article at the link below.

Daniel Gross ( writes Slate’s “Moneybox” column, where this piece originally appeared. You can e-mail him at [email protected]

We welcome readers to submit letters regarding articles and content in Detroit Metro Times. Letters should be a minimum of 150 words, refer to content that has appeared on Detroit Metro Times, and must include the writer's full name, address, and phone number for verification purposes. No attachments will be considered. Writers of letters selected for publication will be notified via email. Letters may be edited and shortened for space.

Email us at [email protected].

Support Local Journalism.
Join the Detroit Metro Times Press Club

Local journalism is information. Information is power. And we believe everyone deserves access to accurate independent coverage of their community and state. Our readers helped us continue this coverage in 2020, and we are so grateful for the support.

Help us keep this coverage going in 2021. Whether it's a one-time acknowledgement of this article or an ongoing membership pledge, your support goes to local-based reporting from our small but mighty team.

Join the Metro Times Press Club for as little as $5 a month.