The USA Manufacturing Workforce

In the U.S. the motor industry employed in 2008 around 880,000 workers that is around 6.6% of the manufacturing workforce and this include workers who put cars together to the workers who assembles the motors for these vehicles, since the turn of the decade the automotive industry has managed to eliminate 435,000 of manufacturing jobs that is equal to 3.3% of all manufacturing jobs that existed in 2008.

The employment rate first dipped under 1 million in the beginning of 2007. In the latter half of 2008, the global recession took it’s affect on the United States Economy. There was a combination of factors that led to a widespread of crisis in the auto industry in the U.S. there were declining automobile sales in the years leading to the crises and a scarcity of credit.

In 2008 following a huge drop in sales General Motors, Ford and Chrysler all requested emergency loans in order to fill the cash shortage and by 2009 the situation got even worst General Motors and Chrysler were facing imminent bankruptcy. http://digitalcommons.ilr.cornell.edu/cgi/viewcontent.cgi?article=1671&context=key_workplace This ment that there would be massive job losses and severe damage to the U.S. economy during this economic crises finding new jobs were extremely difficult and the unemployment rate was extremely high and it was the less educated workers that were running more risks of getting fired from there jobs, but even the higher educated workers were getting layed off during the recession.

The job loss rate for college degree workers was 11% and this was the highest it has been since the 1980’s and also the older the workers were running a risk of losing there jobs. The duration of these unemployments were also hitting new records at an aver...

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...ob loss in the auto industry and every body was effected from older to younger workers and from the well educated and the less educated workers. With the bail outs and the restructuring of the 3 automobile companies in the U.S.A. many jobs were lost being replaced by machines, some people voice there concern about this but in fact it serves as a safety for a future recession. One good example we must take from this event is the fact that Ford was the only one of the tree companies in the U.S. to come out without going into bankrupt. but looking back it seems that every recession is worst than the last one, so one advice that could be given to these companies is to try and save up for future emergencies because maybe in the future there won’t be foreign companies willing to invest and save them especially in a global crises where every country is feeling the effect.