From Press Release : "If these giants fall, they would take down more than auto worker jobs. When the wages from those auto sector jobs dry up, an additional 576,700 to 2.1 million “re-spending” jobs would be lost. These are jobs that would have been supported by the spending of auto and related workers. Tax losses and increased government payments would exceed $150 billion in the first three years following bankruptcy of all three domestic auto companies. Without cars to export, the U.S. trade deficit would rise by $109.3 billion." Source: Economic Policy Institute (Author: Robert E. Scott)
Download full pdf report : When Giants Fall | Link to EPI
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