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Yesterday , I did a easy rough calculation about General Motors to attempt to get at how much manufacturing job loss one might attribute to international competition versus automation and productivity increases. Varied commenters objected that my assumptions were too simplistic, particularly in neglecting the domestic content material in foreign autos and the importance of shifts within the supply chain over time.

Passenger automotive sales plummeted again in March, dragging U.S. auto gross sales to their third straight month-to-month decline, a robust indication that years of sales progress have come to an finish. As cars stay some extent of battle, Detroit pushes to promote pickups in a market long skeptical of them, in an effort to tap a Chinese language taste for American brands.

The smile on Craig's face made it all worthwhile, and the subsequent day he set off for a trip from Surrey to Skegness, where the car received a trophy (in the shape of a custom wine rack stuffed with wine) and then Craig set off on his means dwelling to Wales. We were really completely satisfied to hear that the 400 mile take a look at drive went without a hitch and the trophy was icing on the cake.

You possibly can see the rise in imports from much less than 1% in the Sixties to about 2% of US GDP within the mid 2000s (until the good recession hit). The opposite interesting issue is that consumption of autos (as a fraction of the economic system) started a critical decline in the early 2000s. That is going to complicate the analysis which I will take up once more within the next post.

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