High wages, high profits: How does Germany do it?

In 2010, Germany produced more than 5.5 million automobiles; the U.S produced 2.7 million. At the same time, the average auto worker in Germany made $67.14 per hour in salary in benefits; the average one in the U.S. made
$33.77 per hour. Yet Germany's big three car companies – BMW, Daimler (Mercedes-Benz), and Volkswagen – are very profitable.

How can that be?

Read the whole story at Forbes.