Jerry Brito

Is the U.S. really losing automotive jobs?

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From the NYT: “While the Big Three are visibly shrinking, their combined moves do not spell the end of automotive manufacturing in the United States. But the geographic footprint has largely shifted south, where a new auto industry is flourishing. Japanese, German and South Korean companies now employ 60,000 people, or about the same number by which Ford and G.M. have said they will shrink. But foreign makers are creating a younger, cheaper work force, sidestepping Detroit’s unemployed and the higher pay and benefits packages that Detroit workers were getting.” Sounds like a market at work to me.

Jan 24, 2006 | Comments