I think the whole market of cars will come to a hard time. The chinese manufatures cut their cost and make tremendous amount of cars to get the economic scale. Too many cars that ailing world economy can absorb. All the car companies will be in trouble soon including Chinese as well.
Here is what I look in a car: low cc for tax reasons and economy, small so that I can park it easily, easy to maintain with cheap parts. New cars: none of the above.
How to solve some of these problems. Step 1: get rid of the robots in the factory. If inefficiency causes jobs, its a feature, not a bug. Step 2, cut Owner and CEO salaries considerably. Step 3. Get rid of "gambling" style investing. If you want to invest in something, if its September, you can take out your money next September. Step 4. Return employee pay rates vs. production back to pre-1970's. The economy needs to be more liquid to support all of these companies, and people need to make more money to allow that to happen. Its true that higher salaries lead to inflation, but what no one seems to want to talk about is that worker salaries SHOULD lead inflation. Instead, work salaries have fallen farther and farther and farther behind inflation. To the point where it isn't keeping up with inflation. That is unsustainable. An economy in which workers salaries doesn't lead inflation, is not an economy.
@@joels7605 Because if all of the companies did it, workers would have more money to spend. What most of these manufacturers don't realize is that the economy depends on the money being in the hands of consumers, not business owners. Yes, the business owners get paid. But once they start making generational money and using robotics, as well, money that should be out in the field getting spent, instead rots in their bank accounts and investments.
I think the whole market of cars will come to a hard time. The chinese manufatures cut their cost and make tremendous amount of cars to get the economic scale. Too many cars that ailing world economy can absorb. All the car companies will be in trouble soon including Chinese as well.
This is a very strong hypothesis!
Thank you so much for the watching! Do you think all of the auto makers will survive?
Nope. I’m guessing Tesla plus Toyota/Honda mega corp plus about 8 Chinese EV makers will dominate the market.
That’s looking pretty plausible
Honda and Nissan already talking merger
True! The wheels are in motion.
Here is what I look in a car: low cc for tax reasons and economy, small so that I can park it easily, easy to maintain with cheap parts. New cars: none of the above.
Very practical! True no one makes those anymore, especially in the US!
How to solve some of these problems. Step 1: get rid of the robots in the factory. If inefficiency causes jobs, its a feature, not a bug. Step 2, cut Owner and CEO salaries considerably. Step 3. Get rid of "gambling" style investing. If you want to invest in something, if its September, you can take out your money next September. Step 4. Return employee pay rates vs. production back to pre-1970's. The economy needs to be more liquid to support all of these companies, and people need to make more money to allow that to happen. Its true that higher salaries lead to inflation, but what no one seems to want to talk about is that worker salaries SHOULD lead inflation. Instead, work salaries have fallen farther and farther and farther behind inflation. To the point where it isn't keeping up with inflation. That is unsustainable. An economy in which workers salaries doesn't lead inflation, is not an economy.
Tell me you know nothing about business or economics without telling me you know nothing about business or economics…
How does getting rid of robots and increasing inefficiency help car companies compete? Would that make the cars much more expensive?
@@joels7605 Because if all of the companies did it, workers would have more money to spend. What most of these manufacturers don't realize is that the economy depends on the money being in the hands of consumers, not business owners. Yes, the business owners get paid. But once they start making generational money and using robotics, as well, money that should be out in the field getting spent, instead rots in their bank accounts and investments.