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Posted by D Sherman on Tuesday, December 16, 2008 at 17:37:48 :
In Reply to: Re: HANG ON PEOPLE! posted by Doinco on Tuesday, December 16, 2008 at 16:31:57 :
Management and the unions are jacking us around trying to make us think that if GM goes bankrupt, 10 million jobs will disappear. On the other hand, the reality is that people aren't buying so many cars as they did in years past, and so total employment in the auto industry has to decline.
Sometimes I think the main reason people aren't buying so many new cars now is simply that everybody bought a new one only a few years ago and they haven't worn them out yet. When most cars are less than 10 years old, and they all came with 10 year warranties, there simply aren't that many that need replacing yet.