That's true of US-based manufacturers, but foreign manufacturers thrived during that time (French, etc).
Re:The $20 an hour Cessna 172 experiment
by light_hue_1 on Thursday February 09, 2023 @03:18PM
(#34730747)
> If I recall correctly, Cessna was found infinitely liable for every plane manufactured, meaning that each new plane off the assembly line increased their potential overall liability without liability over decades-old planes expiring and decreasing it.
This was a problem in the 90s. And it was fixed! Back when the government still fixed things. https://en.wikipedia.org/wiki/General_Aviation_Revitalizatio...
If I recall correctly, Cessna was found infinitely liable for every plane manufactured, meaning that each new plane off the assembly line increased their potential overall liability without liability over decades-old planes expiring and decreasing it.