It has happened again, and again in a very big way. I am sure you have heard the news that General Motors is closing plants and letting some 30,000 people go. Some they will be able to relocate, some they wont.
Ford has started announcing they will be “cutting back” and will have more to say about it in February. When asked if the cuts will go deep enough, Bill Ford said he thinks they will. This is all devastating news that we should all be concerned about.
The manufacturing sector of our economy is the one sector that provides for our society in any country, a ladder that allows us to move from lower class economies to middle and upper middle class economies. Without manufacturing, it becomes more and more difficult for families to pull themselves up and obtain their dreams.
Most manufacturing jobs provide up to nine other jobs in the local economy. Think about the local drug stores, dry cleaners, car washes, gardeners, fast food restaurants, independent auto mechanics, and so on, that are going to see their customer base diminish and their services not used as frequently. This will be a direct result of their local patrons no longer have the...
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