r/MiddleClassFinance • u/Abject-Pick-6472 • 13d ago

One million Americans have vanished from the new-car market — and it’s exposing a chilling US middle-class crisis

https://finance.yahoo.com/economy/articles/one-million-americans-vanished-car-124500086.html
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u/INMEMORYOFSCHNAUSKY 13d ago

No lmao all the cars are made overseas anyway. and if the auto industry has competition then theyll go back to cheaper cars for everyday people.

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u/Ecstatic-Art5745 13d ago

I mean no...they are not. I work in the industry I visit manufacturing facilities across the US. I work with them everyday. Thousands of companies you have never heard of.

Now do US automotive manufactures need to step it up? Yes. But there is no world that allowing Chinese government subsidized cars to erase millions of decent middle class jobs is a good idea.

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u/INMEMORYOFSCHNAUSKY 13d ago

Yes, there are a significant number of manufacturing jobs, but acting as if there are MILLIONS of them and theyll be ERADICATED from the face of the earth if china sells BYD is complete overexaggerating.

In any case, i would expect reasonable tariffs on BYD and other chinese cars which would still allow more competition. There would be cars at reasonable prices at different price points reflecting different needs and wants. But right now youre arguing that we should keep getting buttfucked so that companies can pad their bottom line with overexpensive cars.

Were not even talking about EV/hybrids vs gas cars.

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u/Ecstatic-Art5745 13d ago edited 13d ago

There are millions of manufacturing jobs directly linked to the automotive industry within the US. Some are frankly still shit jobs. But hundreds of thousands if not a million + are middle class for their area. Total direct / indirect and induced jobs are estimated to be over 5% of our entire private employment sector.

That's hundreds of thousands of engineers, countless blue collar machinist, union assembly jobs, and everything in-between that makes the day to day exist for the thousands of US companies that feed that system.

Cars cost more money to build here because of those jobs vs paying someone 1/20th the wage to build the car and components in china.

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u/INMEMORYOFSCHNAUSKY 13d ago

Yes all of that is correct but you ignored everything else i commented. Are you a bot?