Quote:
Originally Posted by TLyttle
As far as jobs are concerned, why would anyone think that these 2 million jobs would just disappear? There is still a market there, and anyone who thinks that Toyota et al aren't going to expand to fill the gap isn't paying attention. I'm not convinced the the workers at the Big 3 plants have GM or Ford or Chrysler have the company logo tattooed on their foreheads, and would be pleased to work for other manufacturers.
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When a job is lost, a new job doesn't magically appear elsewhere. It takes more capital to create a new job than it is to keep an old job going in hopes that the economy recovers. Changes can be made during the recovery, all does not remain the same.
Job loss creates other near by jobs loss'. This is like a domino effect. How would Toyota and others expand to fill that gap? More than likely they would boost production in other countries.