When giants fall: Shutdown of one or more U.S. automakers could eliminate up to 3.3 million U.S. job
By Robert E. Scott
December 3, 2008
December 3, 2008 | EPI Briefing Paper #227
When giants fall
Shutdown of one or more U.S. automakers ould eliminate up to 3.3 million U.S. jobs
by Robert E. Scott
If bankruptcy shuttered one or more U.S. automakers, the effect would be the loss of up to 3.3 million jobs in the U.S. within the next year, according to this new briefing paper released by EPI. Michigan alone could lose over 400,000 jobs, and stands to be the hardest hit state both in the number of jobs lost and the share of total state employment (8.9%) lost. If the Big Three fall, they would take down more than auto worker jobs: when the wages from those auto sector jobs dry up, an additional 576,700 to 2.1 million “re-spending” jobs would be lost. The report lists possible job losses in each state and the District of Columbia.
Sign Up to Stay Informed
Search EPI.org
RELATED PUBLICATIONS
- Mishel weighs in on White House Middle Class Task Force
- Minorities, less-educated workers see staggering rates of underemployment
- EPI launches Economy Track
- Is the financial crisis leading to a new global order?
- Sustaining workers’ bargaining power in an age of globalization
- EARN conference showcases progressive state policy agendas
- Through China’s looking glass—Subsidies to the Chinese glass industry from 2004-08
- Climate Change Policy—Border Adjustment Key to U.S. Trade and Manufacturing Jobs
- Tracking the recovery: One in four households has suffered a layoff over the past year
- The role of government in hard times
- See more publications about: Government and the Economy Trade and Global Integration Jobs and Wages Trade Policy/Manufacturing
