Quote:
Originally Posted by Tsar
Well, shocker, they will have to find jobs in something else besides the auto industry.
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Where?
We are not just talking about jobs directly in the auto industry. If the manufacturers go under, you reduce the need for coal(it still powers most steel mills) and steel, so all those miners are out of work, every company that supplies a material, part, or service to the auto industry would be f'ed too. There would just be no way the jobs lost could be absorbed into the economy.
The number of jobs lost would trickle through the rest of the economy with in a few weeks and tear the last life out of the economy for decades to come. America would be the first developed nation in the world to fall back to a below third world economy.
-Tim