The Crisis Of The Automotive Industry Essay

The Crisis Of The Automotive Industry Essay

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A man walks through his door and sits down at scuffed wooden table with his wife. As they sift through a mound of bills for the month the man tells his wife that he has been laid off without pay from his automotive job. Already in rough times, with money already an issue, the man must find a way to provide for his family and not have the house fall into foreclosure. The automotive industry in America controlled our economy and kept it running for many years. High gas prices ruined the industry and crippled our economy. With unemployment skyrocketing at this time due to budget cuts and layoffs people began to spend less money and it hit our economy like a hurricane and created a ripple effect. General Motors, once the mightiest company in America, fell into an abyss of debt and corporate greed, they did not change to fit the needs of a struggling society that was fed up with with the gas guzzling motor vehicles and began to buy foreign fuel efficient cars which led to our government having to make a decision whether to save the once proud face of American engineering or to let them fail and try to recover from a devastated economy.
General Motors was the mightiest corporation and was our economy for many years, but after ruling the economy for many years, then everything took a turn for the worst and their status as the mightiest company in America started to diminish. GM was “the” company for an extremely long time in American history, with keeping our economy stable and having a strong workforce that, in their prime, employed a large amount of citizens. Megan McArdle stated in her work “Why Companies Fail”, “an industry that 's been the proud symbol of America 's manufacturing might for a century”(1). This quotation is talking ...


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...n 1). Many people say that if we save these companies they would go overseas and try to find cheaper labor in other countries and not manufacture their motor vehicles in America anymore (Saporito, Szcesny 2). These opinions stemmed from struggling americans and all have valid points. There are many more points to the GM reaction but these show the overall frustration of a struggling society. The interpersonal conflict was between society fighting to stay alive and wanting to be successful, this is because they want to be successful but with no one being able to do anything without any money they would not be able to better their situation. The scarce reward is catching a break where everything goes right for someone during this time of failure in society. Conflict arises when the people can not do anything but watch their job and money go away in the matter of months.

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The Crisis Of The Automotive Industry Essay

- A man walks through his door and sits down at scuffed wooden table with his wife. As they sift through a mound of bills for the month the man tells his wife that he has been laid off without pay from his automotive job. Already in rough times, with money already an issue, the man must find a way to provide for his family and not have the house fall into foreclosure. The automotive industry in America controlled our economy and kept it running for many years. High gas prices ruined the industry and crippled our economy....   [tags: Automotive industry, General Motors, Automobile]

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