Auto Industry Just More Bad News

Although some are saying that the closing of around 800 car dealerships in the wake of the impending GM bankruptcy is what the company has needed now for years after being oversaturated in the dealerships, of course this is not good news for the economy, since more jobs will be lost of course through these voluminous closings. I just read an article that made a good point about the future of autoworkers now.

They said that it used to be that once you signed on to become an autoworker on the production lines, that you were pretty much automatically guaranteed to be what we call part of the working middle class. Which is a great thing ,it’s certainly better and more desirable than being in the poor, lower class who struggles from paycheck to paycheck and often earns meager wages for hard work. Being an autoworker used to mean you had a great paying job, good benefits, and a pretty much guaranteed future of comfortable retirement.

Well, not any more. As so many other paradigms have changed through the course of this recession, so has the one about autoworkers being comfortable and well paid, and secure above all. Now, being an autoworker strikes fear into people’s hearts as the auto industry faces it’s largest crisis ever and is forced to close down multiple plants and dealerships, putting thousands out of work, and reducing benefits and pay for those that are left holding the bag. Not a great deal, as you’re well aware.