Sen. Carl Levin needs a reality check.
From CNN.com
"One out of 10 jobs in this country are auto-related. Twenty percent of retail sales are auto-related or automobiles, so this is a national problem," Sen. Carl Levin, D-Michigan, told NBC's "Meet the Press" on Sunday.
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1 in 10 is total and complete bullshit. According to multiple government sources (Survey of business, Census, dept of commerce etc.)For the year of 2007 (the latest data available) data shows that US manufacturing for auto (and truck, rv, etc) and auto parts is employees just over 4 million people. US total employment is just over 176 million. So auto jobs seem to be about ½ percent of total jobs. If you take it to the indirect jobs (those jobs that cater to the auto industry, plastic mold makers, transportation of parts, contract janitors, people who make wine served at CEO functions etc.) you get up to 2% of the total US workforce. Making a job multiplier of 2.4 (basically take the direct number of jobs created by the industry an times it by the multiplier to get the indirect jobs created). For the 1 in 10 statement to be true it would require a combined multiplier on the order of 20 to get to 10%. In impact analysis (what this guy claims to have done) you get really worried about any multiplier above 3, 12 is the highest I have ever seen and that is for a US very small army base in Alaska where everything has to be shipped to the base. A 20 multiplier is simply BULLSHIT.
Secondly "Twenty percent of retail sales are auto-related or automobiles" this is only true if you count every dollar of walmarts sales as "auto related", While I agree that walmart sells car stuff, but its a small portion of there business. Additionally they will not be overly effected should the big 3 die. They will still sell replacement parts for the older cars and what ever cars the American people buy in the future.
Its economics 201 Senator. Give me a call I will enlighten you to a few tools that will make you more factual, and seem less the retard. I am not trying to tell you that the auto industry isn't a big part of the US economy, it is. But give a realistic picture or some other people in power might not check your figures. Or is that the point?
"One out of 10 jobs in this country are auto-related. Twenty percent of retail sales are auto-related or automobiles, so this is a national problem," Sen. Carl Levin, D-Michigan, told NBC's "Meet the Press" on Sunday.
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1 in 10 is total and complete bullshit. According to multiple government sources (Survey of business, Census, dept of commerce etc.)For the year of 2007 (the latest data available) data shows that US manufacturing for auto (and truck, rv, etc) and auto parts is employees just over 4 million people. US total employment is just over 176 million. So auto jobs seem to be about ½ percent of total jobs. If you take it to the indirect jobs (those jobs that cater to the auto industry, plastic mold makers, transportation of parts, contract janitors, people who make wine served at CEO functions etc.) you get up to 2% of the total US workforce. Making a job multiplier of 2.4 (basically take the direct number of jobs created by the industry an times it by the multiplier to get the indirect jobs created). For the 1 in 10 statement to be true it would require a combined multiplier on the order of 20 to get to 10%. In impact analysis (what this guy claims to have done) you get really worried about any multiplier above 3, 12 is the highest I have ever seen and that is for a US very small army base in Alaska where everything has to be shipped to the base. A 20 multiplier is simply BULLSHIT.
Secondly "Twenty percent of retail sales are auto-related or automobiles" this is only true if you count every dollar of walmarts sales as "auto related", While I agree that walmart sells car stuff, but its a small portion of there business. Additionally they will not be overly effected should the big 3 die. They will still sell replacement parts for the older cars and what ever cars the American people buy in the future.
Its economics 201 Senator. Give me a call I will enlighten you to a few tools that will make you more factual, and seem less the retard. I am not trying to tell you that the auto industry isn't a big part of the US economy, it is. But give a realistic picture or some other people in power might not check your figures. Or is that the point?