The Causes of Job Losses

During the deep two hundred0s the recession rate increased to the highest grad and legion(predicate) origins had been lose. In December 2006 when the recession offici every(prenominal)y began more than than 8 gazillion americans lost their jobs. According to the Daily Finance question the auto industry for example, is estimate to swing nearly 200 jobs in 2006. The inbuilt auto industry felt the offend of the recession, car sells in America fell from the adverage of 16 million a grade in 2006 to 11 million in 2007. General motors took a hard in sales, and forcing the company to cut tens and thousands jobs. GM largests layoff came in 2009 when company laid 50,000 people more or less(prenominal) 20% of its mouldforce, however cuts werent enough to keep the company strong that GM end up filing for chapter 11 disappointed person protection. The ill fortunes for chrysler the third U.S. largest car maker to layoff 12,000 in the late 2000 and a nonher 5,000 empolyees abo ut 25 percent of its workforce. afterwards all those cuts chrysler still file for bankruptcy protection. Corporate avaritia and bad debts in companies also bewilderd a recession trim down the capablility of job creation, be take a leak some companies hire based on the time value work to be done and not the person doing the job.

If it comprise more to hire an employee than the job is worth, the job will not be created to increase employment. Since the world is getting more antennad in technology, such as computers or intellligient robots, that can be a major factor of job losses because it can torpedo worke rs with machines. For instance self checkout! s in convience stores, vendor machines, and other produce technology that can potential take out jobs. ten years ago those use to be minium run jobs and unfortunely they no longer exist. Perhaps bad decsision from major companies, greed from corporate top executives , and the new era of technology cause a terrible deficiency of job losses in the economy.If you want to get a full essay, order it on our website: OrderCustomPaper.com

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