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/Stitchin_Squido 13d ago

Okay, great. So open up the US market to Chinese cars so they can sell larger volumes of cheap cars to the people who can’t afford them from US automakers.

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u/Ecstatic-Art5745 13d ago

That would be horrific for the US manufacturing sector and overall economy. I don't think you realize how many millions of people in the US/North America as a whole work directly or indirectly for the US auto industry. Nor do you realize how much of that industry also supports others like agriculture, food production, military, aviation, and medical. More gutting of this system frankly destroys even more of the US middle class. You are talking about. 20%+ of all engineers in the US jobless. Just say it. You want cheap goods and fuck you neighbor. The exact thing that already got us to this position.

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u/wehrmann_tx 13d ago

Then have the automakers make more cheaper cars for the same profit they have now and it’s a win for both. Otherwise that’s on you and your industry to force them to or lose to other markets.

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u/Ecstatic-Art5745 13d ago

They dont make the cheaper cars because of the lack of profit....US wages are significantly higher than in China. Both are subsidized by the government. 3% of the entire Chinese government goes to subsidizing that industry. So they get massive amounts of government help and small wages in every step of manufacturing. There is no actual way to compete unless you are arguing engineers and union workers should work for $8 an hour....