ORIGINAL: RLSH700
A lot of truth was in that article. Another thing people keep forgetting is that although the Big Three might be having problems, the work force is actually doing pretty good. The Japanese manufactures are bringing in jobs by the fact that they are building plants here in the U.S. which helps to compensate for the losses in manufacturing jobs from the Big Three. The big industry these days are our drug companies. They make the new drugs that are on the market and those jobs pay better than manufacturing thanks to the knowledge which that requires. Along with those jobs comes jobs to market these products. I think most of us here, have had it so spoiled for the last 20-30 years that we don't even know what a bad economy really is. There are some sectors in our economy that are less than perfect, but I still see people living more luxurious lifestyles than what I did growing up.
I agree with most of what you said RLSH.
Ithink that as we move forward as we lose more manufacturing jobs we are going to see the "middle class" dry up. There will only be "lower class" and "upper class". Buy that I mean people will either make just enough to own a car, pay there bills and maybe save $100 a month (lower class). And then there will be people who make more money then they know what to do with (and most don't deserve to begin with)
I hope that as we move forward we are able to keep more manufacturing jobs in the US... Especially since I am a manufacturing engineer