Quantcast The Daily Barometer
College Media Network

The Big Three: Jobs still at stake in Middle America

Abstract:
It is arguable that companies should be permitted to fail. In domestic free market economies, this is fate of inefficient, ineffective or unlucky companies. However, this is not always the case, especially in hard times. Employment in a recession is difficult to sustain, and any serious damage to sector employment can lead to decreased consumer spending, financial panic and of course, worse times for those who lose their jobs....

  • Displaying 1 - 1 of 1

Stephen

posted 11/26/08 @ 2:58 PM PST

It certainly seems like any way you go with the matter of the Big Three, there are going to be sacrifices. Letting them fail will cause the immediate loss of thousands of jobs. Loaning them money without a good business plan as to how to get their acts in order will only stave off this same fate. It seems the only way they're going to maintain their status is if they find some way to compete cost-wise internationally with the big Japanese, etc. automakers. Still, if the Japanese are 350 USD per car more efficient than the US makers, might this only be because of the cost of employment? Wouldn't matching this efficiency be accomplished by laying off thousands and automating their jobs? --- This truly seems to be a vicious cycle!
Post a reply to this comment
  • Displaying 1 - 1 of 1

Post Your Comment

  • NOTE: Email address will not be published

Type your comment below (html not allowed)

  I understand posting spam or other comments that are unrelated to this article will cause my comment to be flagged for deletion and possibly cause my IP address to be permanently banned from this server.

Advertisement

Advertisement