Thursday, January 28, 2010
In the article "Shift Happens Statistic of the Day 12-2-09" Karl Fisch talks about how, in 1979, GM (General Motors) employment peaked at 618,365, but the employment at GM is at 70,000 and falling very quickly. He states that this is about an 88% decline in American jobs at GM in 30 years, but he also states that it is only a 60% decline in market share. The government has spent a lot of money bailing out GM and this could have a very large affect on the world and on my future because I will be paying to bail them out again because if they got all that money from the government and their employment rate, then that’s not good. How do you think this affects you?