Facts of the Day About Detroit
1. Detroit Mayor Dave Bing in the WSJ: "Today in the city of Detroit, our union employee benefits cost 68% of what their base wage is. I don't think that happens in any other place in the country." To give a sense of how excessive those pay packages are, he adds, "When you look at one of the most dominant labor unions in the world, the UAW, they're nowhere close to what we give our city workers."
2. Mayor Bing grumbles that there are 17 unions with over 50 separate bargaining units. "I can give you a data sheet that will show you we've got several of those bargaining units with fewer than 100 people, and each one of them has a president who is paid by the city to negotiate against the city," he says. "Coming from the private sector, I find that insane."
3. According to the U.S. Census Bureau, Detroit ranks #1 as the city with the highest percentage of people living below the poverty level at 32.5%.
4. According to the Michigan Association of Realtors, the average sale price of a home in Detroit (YTD through October) is $12,342.