Yesterday , I did a simple rough calculation about Common Motors to attempt to get at how a lot manufacturing job loss one could attribute to foreign competitors versus automation and productiveness will increase. Numerous commenters objected that my assumptions had been too simplistic, particularly in neglecting the home content material in foreign autos and the significance of shifts within the provide chain over time.
The electric-automotive maker is the newest company to turn out to be a market darling based not on what it has achieved but on a vision of a dominant future. I really need to thank everybody within the Gainesville office for such a simple expertise and going above and beyond to make our automobile buy occur. Donald Trump, talking to auto executives and workers in a former assembly plant near Detroit, halted a move by Barack Obama to tighten gasoline-economic system standards.
The odd-looking line on this graph is the one for domestic consumption of autos and parts as a fraction of GDP; the road starts to drop after 2002, only reversing in 2010. It is odd to me as a result of a graph of US automobile gross sales is essentially flat from 2001 to 2007 at between 16 and 17 million autos per 12 months. Studying off Stuart’s graph above, the gross consumption line starts at about three.7% of GDP in 2001 and drops to around 2.8% in 2007, so roughly a 25% drop. Looking at BEA Desk 1.1.5. US GDP rose 36% throughout that interval.
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