A study called when When giants fall released by the Washington, D.C. based nonprofit, nonpartisan think tank Economic Policy Institute shows that as many as 3.3 million US jobs are tied to the auto industry and as many as 51,500 in Minnesota.
The Economic Policy Institute has a good reputation of putting out fair numbers so until I come across another survey I will be quoting from this one.
Top 5 states hit hardest by total shutdown: Michigan, California, Ohio, Texas and Illinois
Top 5 states in terms of employment: Michigan, Indiana, Kentucky, Alabama, Tennessee
Minnesota ranks #21 if just GM were to close. An estimated 14,200 jobs would be lost and if a total shutdown 51,500 jobs.
As a percentage of the work force the .5% to 1.9% of state employment ranks Minnesota #28
Included in the survey are the recently announced sales figures for November:
- Domestics sales -40%
- GM -41%
- Ford -30%
Not widely carried are the equally bad sales figures from foreign auto makers:
- Asian sales in US -35%
- Nissan -42%
- Hyundai -40%
- Honda -32%
I am sure it would be hard to quantify but I am wondering if the auto makers closed, what would pop up in their place? I find it hard to believe that the US would produce no cars or that other industries would not evolve from the carnage. That 3.3 million jobs would be lost and nothing to take their place.
I am not suggesting we let the auto makers go quiet but just thinking about all the what if’s.
I am also wondering how current plants could be retooled to take on things like electric cars, batteries, green technologies, etc.
Lots of wondering and thinking on my part. The problem for me I am not seeing much more out of Capitol Hill or Michigan for answers. I would hope and expect they would be much further along in their thought process and have an answer or two.
So far I am disappointed.