  Thejesus Member Username: Thejesus Post Number: 3648 Registered: 06-2008 |
Thoughts? http://freep.com/article/20090 128/BUSINESS01/90128062/GM+to+ shut+jobs+bank++1+600+to+be+la id+off | ||
Professorscott Member Username: Professorscott Post Number: 1740 Registered: 12-2006 |
We all knew this was coming. I don't think the auto companies, when this was first instituted, ever thought we'd get to a day when their market shares (hence need for workers) would corrode to what it's become. My guess is things will still get a bit worse, not drastically worse. Then the best we can hope for is that they stay at that slightly-worse level. The basic fact is that we will never again employ vast numbers of people making cars around here; we have to find something else to do for a living. Even if the car companies do much better, and sales go up, and profits exist, it just doesn't take as many people to make cars as it used to, and it never will again. | ||
Professorscott Member Username: Professorscott Post Number: 1741 Registered: 12-2006 |
Here's a snippet from a Federal Reserve Bank study. The three states referred to are Ohio, Michigan and Indiana. "During the current decade, the automotive job decline has been precipitous. The final graphic (below) indicates that the three-state decline in automotive jobs has fallen by almost one-third since year 2000, from 576,000 to 383,000 over the first half of 2007." The bad news is the last five words of the report: this report was done in July 2007, before any of the current mess kicked off. I don't know what the number is now, but it ain't 383,000. | ||
Fury13 Member Username: Fury13 Post Number: 2035 Registered: 10-2003 |
...we will never again employ vast numbers of people making cars around here; we have to find something else to do for a living." (((APPLAUSE))) A diversified economy: what a concept! | ||
Ltorivia485 Member Username: Ltorivia485 Post Number: 998 Registered: 08-2004 |
It's probably close to 500,000. Ouch. | ||
Chrissy_snow Member Username: Chrissy_snow Post Number: 407 Registered: 07-2008 |
So...they still get company pay and unemployment, making 72% of their salary. Not a big difference from the jobs bank concept, they're still paying employees who aren't working. Still a sweet deal for the laid off worker. | ||
Mikem Member Username: Mikem Post Number: 1880 Registered: 10-2003 |
Do you think Toyota will end their jobs bank? | ||
_sj_ Member Username: _sj_ Post Number: 1648 Registered: 12-2003 |
quote: Do the Big Three have the same inferiority complex that MSU has towards UM, it sure seems like it. | ||
Glowblue Member Username: Glowblue Post Number: 143 Registered: 09-2008 |
quote: Yup, intead of making $30/hr with good benefits working at a factory, they'll be making $10/hr with shitty benefits working at Wal-Mart. Woo... hoo? | ||
Professorscott Member Username: Professorscott Post Number: 1742 Registered: 12-2006 |
The Detroit Three's market share has dropped by 20% just in this decade, from nearly 68% to just over 47%. That is a massive and historic change, and does not seem to be abating. They are addicted to selling trucks to people. You still see lots of pickup truck ads on television, even after the first round of the bailout. The future is in small cars, and they want to sell trucks. Suicide, contrary to the title of the theme from M*A*S*H, is not painless. | ||
El_jimbo Member Username: El_jimbo Post Number: 921 Registered: 12-2006 |
Professorscott, The top two vehicles in terms of sales for the months of November and December of 2008 where the Ford F-Series and the Chevy Silverado. Of the top 20 vehicles sold in December 2008, 10 of the were trucks, SUVs, or crossovers. By a slight margin, light trucks outsold cars in December 472,000 to 423,000. The future may be in cars (and the Big 3 is responding to that with the wave of quality new car models that have come out in recent years), but in order to survive long enough to get to that future, the Big 3 must make vehicles people will buy...and people are buying trucks. Whether we agree with people buying them or not, that is what they are buying. | ||
Detmsp Member Username: Detmsp Post Number: 63 Registered: 08-2008 |
toyota sells more pickup trucks than dodge... so the whole big 3 = trucks = trouble is a huge huge huge over simplification | ||
Mikeg Member Username: Mikeg Post Number: 2144 Registered: 12-2005 |
quote: Can't let the facts get in the way of an ideological war on the Detroit-based auto manufacturers! Besides, as a condition of the government loans, GM and Chrysler will have to get their production plans approved by Government and they will soon be told what to build, regardless of what consumers actually want to buy. | ||
Turkeycall Member Username: Turkeycall Post Number: 133 Registered: 09-2008 |
Quote: "They are addicted to selling trucks to people." No, people are addicted to buying trucks. That's what they want. Quote: "You still see lots of pickup truck ads on television, even after the first round of the bailout." Well, of course they still advertise trucks. People want trucks. Each maker wants them to buy their trucks. Now is it clear? | ||
Ltdave Member Username: Ltdave Post Number: 324 Registered: 09-2006 |
quote: take 40 hours pay. take 35% in taxes (or whatever your tax rate is) then take 5% off that... unemployment with supplemental unemployment benefits (SUB pay) is around 95% of your after tax earnings... | ||
Warrenite84 Member Username: Warrenite84 Post Number: 487 Registered: 01-2007 |
Ltdave, your computations are incorrect. "95% of your take-home pay", means, 95% of my net pay when working, now is my Gross Pay. THAT gets taxed. The final result is about 80% of my origional working Net Pay. Sub Pay covers the difference between unemployment and the 95% net pay number. | ||
Kevgoblu Member Username: Kevgoblu Post Number: 195 Registered: 02-2007 |
I'm still waiting to see a couple of these guys from Washington cruising around town in an Echo, Fit or Yaris. The imports have had an advantage in the small car market because thats what people drive in Europe / Japan. But since the Japanese carmakers have been here, their corporate fuel efficiency has been dropping. Thats because they're trying to build bigger cars and compete in the truck market. If Washington truly wants Americans to drive fuel efficient cars, they'll impose a gas tax, as price is the only thing changing consumer behavior. | ||
Mkap Member Username: Mkap Post Number: 68 Registered: 11-2008 |
I wonder what the "jobs bank" added to the cost of every vehicle. How about: When they eliminate the bank they knock off that portion of that cost to their consumers. If I am laid off, I can earn very little in the way of additional income before they start reducing my unemployment benefits. Do the auto workers get pretty much a pass on that? Is there some type of collusion with the State on this issue. Not being a wise cracker, just would like to get educated on the facts. | ||
Danny Member Username: Danny Post Number: 4442 Registered: 02-2004 |
Bye Bye jobs bank. More retires of GM may have to go back to find jobs to pay their bills (if there is any), ask their families to cash, declare bankruptcy, commit crimes, commit suicides. Happy days are over. Our baby boomers don't know what to do in this new millenium. While the Disney generated folks look at fan culture media programs for jobs and leave their parents and grandparents out in the lives. | ||
Brownfieldguy Member Username: Brownfieldguy Post Number: 5 Registered: 02-2009 |
Good. Needs to go. |
