Ruin the Midwest Economy? Where have you been the last 4+ decades while the general outsourcing of manufacturing absolutely destroyed local economies across these states? I grew up in Ohio and went to school in Indiana. People have been suffering economically in these states for a VERY long time. I was one of those "contract workers"/"temp"/"contingency worker" for Honda for several years in my early twenties. We were performing the exact same duties and processes on the assembly line as the Boomers working next to us making literally less than half their hourly rate. When I was at Honda, they were force retiring the older employees in large waves to make way for us temps, a far cheaper workforce hired by third party employment contractors like Addeco, Spherion, etc. I destroyed my body working 10+ hour days in just a few years at Honda at a measly $11.35 an hour. I imagine they still seriously abuse the hell out of their temps there. When I was there, we were only allotted 2 "emergency days", zero sick days, and only 2 paid days off after having worked over a year. And you better not run out of those days because the second you do, you're gone. The employee retention was absolutely absurd as, you know, sometimes you just can't avoid having to take a day off once in awhile. Probably the most grotesque practice though was how people were let go. No one tells you that you've been fired. You just find out when your access card no longer lets you in the building. How convenient it must have been not to have an HR department when you have temp agencies hire for you, right? I knew several amazing workers who had real emergencies that eventually resulted in their termination. Despite having a degree in Comparative Languages & Linguistics focused on Japanese and Spanish, I will NEVER even consider going back to work for a company like Honda. If any company desperately needed of a union, it's Honda Manufacturing of America and all of their OEMs located near Columbus, OH.

@limonortega5611

Жыл бұрын

preach it

@pepperonish

Жыл бұрын

Yeah, but you guys are all problematic nazis I was told by people on reddit

@manxue3205

Жыл бұрын

Great point

@theupscriber65

Жыл бұрын

Absolututely! I used to work for a diesel engine manufacturer that closed its 1 million square foot facility and now I work for an EV prototype facility.

@EA-pc3ek

Жыл бұрын

Nice speech but bro this is a KZread comment section

Midwest economy was lost like 30 years ago.

@praetorianstride5948

Жыл бұрын

America sold itself out. And those who did it are rich and sitting on their piles of money, away from the rest of the Society they sucked the life out of.

@samsonsoturian6013

Жыл бұрын

Like you'd know

@tsb7911

Жыл бұрын

@@samsonsoturian6013 JB's sentence tells me he does know.

@tevinvezina1766

Жыл бұрын

​@@tsb7911 That's weird. I've been living in Michigan for...almost 30 years now. Seems to be doing fine to me. In fact, GM is building a new $2 billion battery plant right next to one of their car manufacturing plants as I write this comment.

@tsb7911

Жыл бұрын

@@tevinvezina1766 Certainly the economy differs depending upon where you live in the state. Everything I've read tells me the MW has gone through some tough times. Things go in cycles, and the new GM plant is part of the comeback.

We are already in the big crash, Inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.

@tyuhy5422

Жыл бұрын

How can I reach out to this coach? because I'm seeking for a more effective investment approach How good is this person at portfolio diversification, particularly with regard to digital assets?

@krnpowr

Жыл бұрын

Bot

How do ruin something that's already ruined?? I primarily up in Cleveland, Ohio during the 1980's and 1990's. I watched the decline as manufacturers left and relocated to cheaper labor cities/countries. Why do you think it's called The Rust Belt now?

@johnsmith-cw3wo

Жыл бұрын

Even if the jobs come back, are enough skilled people to fill them ? - I mean most of those workers from the 80''s are retired... or dead.

@GilmerJohn

Жыл бұрын

Yep! Part of it was the powerful Unions. When management wanted to increase productivity or switch to more efficient tech, the unions demanded that the works get the primary benefit. Management said, "why bother?" The plants more and more became unnecessary and one by one were closed.

The part that struck me was that globalization is not the main culprit for the workforce going down in manufacturing. It's productivity going up. I have to agree after working in the automotive manufacturing. We're now more productive than ever with automation. The only problem is wages haven't matched productivity.

@adurpandya2742

Жыл бұрын

Its definitely a big culprit, but we didn’t really have the option to move away from globalization until the last 10 years.

@DannerBanks

Жыл бұрын

That's because the productivity is due to new/better tools, not increased worker capability

@Singuy888

Жыл бұрын

Wages DID go up to where they are suppose to go. Factory line workers push a button for something to be built..why would their wages go up? The hardware engineers and software engineers that provided manufactures with the automation got paid pretty well. Their robots replaced 80% of the work force WHILE increasing productivity. The credit of this increase productivity went to those engineers, not the factory line button pushers.

@kalabash72

Жыл бұрын

@@Singuy888 I'm guessing you've never been a truck assembly line. Such as the Sterling Heights, Warren, or Rogue in Michigan. They're not just pushing buttons. If you tried what they did for one day, you'd pack your bags and go home crying.

@Singuy888

Жыл бұрын

@@kalabash72 The point is people are demanding wage increase because their productivity are higher. Productivity is higher because of automation, NOT because the line worker worked harder. Your pay increase according to how hard you work and not how much you do. Companies are constantly trying to increase productivity while reducing staff. They pay a pretty penny trying to get that accomplished so the wages went to whoever that can provide them with higher productivity with less payroll. Get it?

Traditional car manufacturers and their dealerships franchises have been ripping customers off for decades. They made themselves ripe for disruption and I'm glad their era is coming to an end.

@gabbymcgibson984

Жыл бұрын

Yeah this video was poo. But it got us morons to click.

@OneManOnFire

Жыл бұрын

How are they ripping you off if you have deal with inflation? The car price of the 60s isn't the same today.

@lysbest0708

Жыл бұрын

Still ripping off the customers with all the excuses, chip shortages, inflation, logistics…. I would buy a EV if the price is close enough.

@cg5648

Жыл бұрын

@@kedarupasani4758, the dealerships have such a stranglehold on my state (Connecticut) that you can not buy a Tesla here. Everyone who lives here and wants a Tesla; goes to New York. The dealership model needs to be destroyed.

@MCraigWeaver

Жыл бұрын

You can get a brand new Internal Combustion Engine (ICE) vehicle for around $40,000, maybe less. The average price of an EV is $55,000, and that is after they have used your tax money to pay the EV manufacturers. The video explains that the new EVs are much less complex than ICE vehicles, and cost much less to assemble. It seems to me that EVs should cost much less. It seems that we are still being ripped off.

Nice video!❤️ But my mentor would always say; Desire + Motivation + Action = Success

@lukeben1596

Жыл бұрын

Investments like Gold,Crypto,Real Estates and lots more are the actions ….

@lindapoplin7150

Жыл бұрын

@Ben Kent I agree, I invested in shiba coin and BTC last year and now I am bullish

@adamsgreen4220

Жыл бұрын

@Mark Taylor That's correct, I met her at a conference in Singapore... she's incredibly smart.I made $3,000 in a week trading with her😃

@doragary3717

Жыл бұрын

I don't understand why youths and adults are still poor when they have a smart phone and great opportunities on how to make money💸

@djeechizzy9818

Жыл бұрын

Since 2018 I reached out to her,I’ve been debt free! Bought myself a car,house and an Amazon parrot☺️I love parrots

new technologies do not ruin economies, lack of foresight and preparation does

@brandonburns5365

Жыл бұрын

except that this is not new technology

@ggg21201

Жыл бұрын

No new technology can definitely ruin economies. Their are plenty examples throughout history of it happening. With the rise of open water navigation and extremely cheap trade over water, do you think the landlocked cities and countries could actually do much of anything besides watch as port cities and coastal cities and countries boomed like crazy?

Have to get rid of dealerships from the equation. They are gouging out of control

@mikafiltenborg2291

Жыл бұрын

Dealership =Stealerships Buy a Tesla = problem solved

@davidbeppler3032

Жыл бұрын

Anyone noticed the used car lots are shifting and vanishing quickly? No inventory, huge markups.

As an EV owner who switched a year ago, somebody is coming up short. In regards to maintenance, all I’ve did in a year is put air in the tires. I clean it and plug it into 120 volt outlet. That’s it.

@veganpotterthevegan

Жыл бұрын

Same thing with my gas car that's got 240k on it...

@stickjr.3715

Жыл бұрын

What about the carbon emissions batteries put off?. I'm assuming they forgot to tell you that. And how much more land and innocent children do we need to lose do to mining.

@rui569

Жыл бұрын

@@veganpotterthevegan lol

@chuongnguyen5068

Жыл бұрын

That's all I did for my toyota plus $120/year to change oil. I save at least 25k for the gas upfront.

@heidenburg5445

Жыл бұрын

Wait till the cells die out and the thing becomes a useless brick. We dont have a way to recycle 18650s. Those batteries are not meant to last long. You're a typical lazy willfully ignorant american if you think electric cars are the way. You just want to keep driving and cover your ears when people tell you that you're not really helping america's downward trajectory. Consuming way too many resources for one person so you can feel like you're still in your own personal transport.

I still remember working for Similton Windows. We were brought to the shipping floor, the the CFO announced the plant was moving to Mexico, and that effective immediately we were terminated. Volunteers were welcome to continue working at a decreased rate. Back then it was hard to find jobs, so we worked for 7.25 an hour to pack the floor. I still have the glass scars on my arms

@myothercarisadelorean8957

Жыл бұрын

Should of told them to GFY

@msimon6808

Жыл бұрын

@@myothercarisadelorean8957 Money requirements sometimes over ride judgements.

How can EVs Ruin something that Greed already Ruined?

@thomasmaughan4798

Жыл бұрын

"How can EVs Ruin something that Greed already Ruined?" Electric ruination. Very special ruination.

@francismarion6400

Жыл бұрын

Greed hasn't clear cut and strip mined the Congo rainforest yet.

@thomasmaughan4798

Жыл бұрын

@@francismarion6400 "Greed hasn't clear cut and strip mined the Congo rainforest yet." That's good to know. I think.

@francismarion6400

Жыл бұрын

@@thomasmaughan4798 Actually that is happening now thanks for the new ability to cash in on global warming, and Chinese business associates. You can see it on G maps now.

Moral of all stories: Never put all your eggs in one basket. Regenerative agriculture is also a must do for Midwest as well.

@billthebuilder1579

Жыл бұрын

Agriculture about to get slammed by precision fermentation. In 10 years the dairy industry will be toast. Bio-identical milk produced the same way beer is produced, a negative 10x the cost. No antibiotics, no growth hormones, no lactose. Robotics is going to eliminate Agricultural worker in addition to the heath trends toward vegetarian/vegan diet. Even baby formula will be replace by bio-identical precision fermentation mother's milk.

@claytonlind2996

Жыл бұрын

Read that on the internet somewhere? Regenerative ag still can’t currently meet crop needs on a large scale. We will need a shift in consumerism before we can apply regenerative ag across the board

@billthebuilder1579

Жыл бұрын

@@claytonlind2996 precision fermentation is how insulin is now made vs processing two tons of pig parts to get 8oz of insulin. When the dairy industry goes under so will the veal industry. Egg white can be produced through precision fermentation as well which will destroy the egg industry. So much of agriculture out out is to feed animals. And only a small percentage of the population works in agriculture so a reduction in demand will not be as bit of an impact on jobs.

@KB4QAA

Жыл бұрын

@@billthebuilder1579 Bizarre concepts. (from a farm).

@allangibson8494

Жыл бұрын

@@billthebuilder1579 Precision fermentation is high cost low yield.

My grandpa was a linemen. Put doors on cars. He was able to buy a house, 2 cars, grab a beatiful blonde, my gma. Microwave. 2 color tvs. Had my dad. The 1940s and 50s were clearly superior for the random American worker.

@hardrays

Жыл бұрын

because we had the bomb!

@marcomendiola8381

Жыл бұрын

Babylon Falls for a reason.

@D_Rogers

Жыл бұрын

After the 1960's there were so many tax loopholes and weak anti-trust laws that the golden age ended...

@phillipgrandison2384

Жыл бұрын

Unless of course you were a minority or a womam then NO; 40' & 50's sucked.

One still needs lubricant, grease, fluids in moving parts. The maintenance is still needed and parts need inspection. People expect to just get in and everything works forever, not the real world.

The one thing they didn’t mention at all is software. Big 3 outsource everything. Good luck when you need to make changes. Tesla is a tech company and does it all in house. That’s why they were able to rewrite firmware to use different chips when the chip shortage happened while The big 3 were probably still scheduling meetings with the vendor to discuss it.

@veganpotterthevegan

Жыл бұрын

STMicroelectronics makes Teslas chips, not Tesla. That said, every automaker has proprietary firmware.

@polo3433

Жыл бұрын

As a System engineer for one of the big 3. I can say that is not true. There is a lot of in house software development especially with EVs. As software will be a new revenue stream for automakers.

@MrKongatthegates

Жыл бұрын

That’s why software is profitable. It’s too easy to copy mechanical things, even if you could reverse engineer the software, it’s not legal in many cases to create a solution you only option is to pay

@veganpotterthevegan

Жыл бұрын

@@MrKongatthegates it's not legal to copy a lot of mechanical things either, even if it's easy to do.

@alexanderphilip1809

Жыл бұрын

@@veganpotterthevegan Most of STM's fabs are located in Asia as well as Europe unlike other vendors.

It's a bit like after the turn of the 20th century: Carriage makers and the draught horse biz were a _massive_ industry; but all of a sudden the future went very blurry for them, and very scary. All you could tell them was: Start transitioning your business to what's coming. But if you were a carriage maker over a certain age, realistically it was going to be early retirement - not a crash course in auto mechanics. Change - even what's basically _good_ change - is extremely difficult for some. :^{

@wtemplo

Жыл бұрын

Also, the invention of refridgerators decimated a lot of industries from Arctic expeditions that collect ice, to warehouse, to door to door delivery.

@Tron-Jockey

Жыл бұрын

Absolutely true. The saddle and leather industry, blacksmiths, veterinarians, farmers that supplied hay, straw and animal feed to name a few others. They didn't go quietly. There was strong resistance to what they referred to as that Infernal Gasoline Engine. But as loud, noisome, unreliable, expensive and generally filthy as the early ICE vehicles were they were nonetheless a better option at the time. Most Americans are unfamiliar with certain aspects of US history concerning the use of beasts-of-burden for transportation during the late 1800's and early 1900's. Large cities had to deal daily with the removal of tons of manure which had to be moved to certain large collection areas. This and the 10's of thousands of gallons of urine that would collect in ditches and storm drains creating fertile breeding grounds for diseases like cholera, dysentery, typhoid, intestinal worm infections and even polio. Then there were the inevitable death of these animals (often in town), with their rotting corpses being left where they went down. The stench in most cities and large towns was often unbearable. Ironically, for similar reasons it now looks like DeJa Vu for the ICE vehicle.

@davidelliott5843

Жыл бұрын

EVs need a fraction of the maintenance demanded by ICE vehicles. The list of engine associated parts parts is long and complicated. All that service work done by dealers and mechanic shops is gone. Charging infrastructure needs building and maintaining. There’s work there for those who want it. Add solar panel roofing over the chargers and there’s even more to do.

@keith5711

Жыл бұрын

Sure, but to this day, gas powered works better, and seeing as how fossil fuels are still the most effective fuel source in the world, with nuclear being the only contender, it doesnt make sense to transfer unless you come up with a better fuel source.

@whattheysayaboutme425

Жыл бұрын

@@davidelliott5843 one ice storm will take out the solar panels

You need to build the batteries, solar panels, robots, and consumables in the USA. Not just for jobs but to avoid supply chain interruptions.

@la7dfa

Жыл бұрын

One good thing with fewer workers is it does not matter that much what salary they have. It matters more where you find the raw materials for building the parts.

@redwhite_040

Жыл бұрын

And to make sure you are independent of China.

If these companies don't transition, then they have only themselves to blame. However, all you have to do is look at places Detroit and Flint to see the midwest has been destroyed by the outsourcing these corporations have been doing for decades. If anything, this will just be the nail in the coffin.

@newagain9964

Жыл бұрын

You can thank Bill Clinton for that.

@googleuser868

Жыл бұрын

Anderson Indiana once had several Delco Remy plants and Guide Lamp. All gone decades ago. And the town has turned to sheet.

@dukeljk2191

Жыл бұрын

The vast majority of people don't want an ev. And evs don't work for most people.

@honeybadgerstudios21

Жыл бұрын

@Let’s go Brandon where’s Jackie the economy is literally always worse off under republicans 😭😭😭

@Tokamak3.1415

Жыл бұрын

@@honeybadgerstudios21 If you don't know what Clinton's repeal of Glass-Steagall did, then you'll just harp on Republicans. Nixon opened China and took us off the gold standard and that was asinine, but the Clintons and Pelosi/Reed sold out America to China.

The comments seem to be filled with fear. This is the natural progression of technology. Not many horses on the streets these days. My father was born in 1914 his first jobs involved knowing how to deal with a team of horses. I'm 72 years old and just purchased my first electric car. I grew up with muscle cars, they were an a blip on the radar of history.

@thomasmaughan4798

Жыл бұрын

It will likely be back to horses in another 40 years.

@fauxque5057

Жыл бұрын

Give me $60,000. and I will buy an EV. If not, then I will continue to buy $2500. used ICE vehicles and drive them until I can't make them run anymore.

@richardmorris7063

Жыл бұрын

As usual,the middle & lower class will b left behind.

@CaBdosdos

Жыл бұрын

@@DanLyndon Your mind is so small not to realize green infrastructure is a way to cultivate economical stimulation through new jobs and further technologies. Fossile fuels have ran their course for engineering and the jobs associated with them less people want to work them and have no new sectors. EV is highly superior to the combustible engine for the average consumer. Get your head out your butt.

@tylercerda8444

Жыл бұрын

@@thomasmaughan4798 history will mirror itself but, it will mirror with the times

All states must adapt to technological improvement and work cohesively, otherwise other countries will eventually surpass the US

@stickjr.3715

Жыл бұрын

Let them Germany already prove that it's not sustainable. Pull your head out of your ass it's a scam

@ViceCoin

Жыл бұрын

States usually decline, and depopulate for decades.

@DMando04

Жыл бұрын

That's the good thing about America. Not all states have to do the same thing. Blanket polices are horrible. Also should states be forced to adopt this policy or should they voluntarily adopt it?

@sunnohh

Жыл бұрын

Im pretty sure 2/3 of the world has surpassed us already

@Strafe0Way

Жыл бұрын

@@sunnohh extremely false🙄💀 have you ever left America?

Things change, and you either adapt, or you get run over.

@hardrays

Жыл бұрын

or stand out like a nail just like horseshoe bend in grand canyon.

Very informative video, good job CNBC.

Wow. Good video. I learned something, thank you! 👍

The car also ruined the blacksmith economy. The smartphone also ruined the alarm clock, camera, yellowbook, and wrist watch economy. Back in the early 1800s, people were destroying looming machines because it was taking away their jobs. Such a primitive view of thinking stil exist today. Keep up with technology or be cast aside.

@richardshiflett5181

Жыл бұрын

Stop. You're scaring the Republicans

@solveigvan808

Жыл бұрын

Don't blacksmiths forge many of the tools used to build and maintain cars? As well as tools for many other industries? I wasn't aware the blacksmith economy was ruined, let alone by cars.

@caditech16

Жыл бұрын

Don't forget that the Model T wouldn't/couldn't replace the horse but it did!

@antownemercer7552

Жыл бұрын

Technology is known to fail. I never had gas fail my car. When it's full. It's full. When it's emptied, it's empty.

@SWATTECHNOLOGIES

Жыл бұрын

@@caditech16 It actually saved the horses which were horribly abused and left to die when they were objects of transportation. Now they are cherished.

I was lucky enough to work in a industry that allowed me to support my family. The printing industry. Working in Southern and then Northern Ca. I printed a lot of stuff. From checks,books,catalogs,menus,manuals. Then I printed wine labels. And I watch technology change n that industry. 10 jobs no longer exists in that industry. I moved with it. But it go so thin where international companies whipped out the small business printer. And online international Companies like VISTA PRINT. Here I’m a press operator and I get my business cards. Online. Complacency is a silent killer of personal and professional growth. We must have a new vision. A vision of a stronger manufacture and cultural growth.

Very informative. Thank you!

The Midwest economy has been suffering since all of our manufacturing went overseas. China, India and Indonesia have all of our manufacturing jobs now instead of people in our own country.

The only thing you can count on in life, is change.

@keithjackson2035

Жыл бұрын

And auto workers don’t like change. I grew up in Detroit.

@dougdiamond5774

Жыл бұрын

@@keithjackson2035 You can either ride the wave, or get crushed by it. Whether they like it or not, that's how it works.

@keithjackson2035

Жыл бұрын

@@dougdiamond5774 exactly ! They want to live in the past.

@djt8518

Жыл бұрын

@@keithjackson2035 maybe in the past they didn't go hungry but they don't know about the future with no job

@djt8518

Жыл бұрын

@@dougdiamond5774 most time. You don't have a choice you just get chushed

There has always been change, in products, in manufacturing, jobs, it's called evolution. Those that don't adapt, don't survive and it's been happening for billions of years.

@Pepe_theFurfagFrog

Жыл бұрын

64% of those who bought or leased an EV returned to gasoline/diesel. If EV's are truly superior, or even competitive, why do EV's need the GOVERNMENT PUTTING ITS THUMB ON THE SCALE (AN UNLEVEL PLAYING FIELD) by giving Tesla billions -- more TAXPAYER DOLLARS than the next 7 corporations traded on Nasdaq receive, COMBINED -- plus also giving a tax credit lowering your effective purchase price by >10%?

@stevewehr

Жыл бұрын

@@Pepe_theFurfagFrog that 64% number is complete Bull hockey. The real number is more like 5%.

CNBC has been under a rock for the last two decade? The Midwest has no economy, this is the best thing that has happened to the mid-west, as well as the Chips Act.

As a medical transcription service owner, I constantly continued my education, keeping up with technology, equipment, new procedures and surgeries, and even evolving English skills. We went from typewriters to computers to speech recognition and templates, etc.

EVs? Governments, banks, and lobbying corporations have already ruined the economy. Wtf is this madness. 😂

The people making this show don't see to realize the older automakers are making EVs but no one is buying them,

@mikemiller659

Жыл бұрын

sure they are.

@rogersmith573

Жыл бұрын

Ford lighting sold out in hours. GM made 27 hummers last year. Volt/bolt are fire hazards no one wants. Mustang sold out. Tesla 6 month backlog on every car. people want quality that will not burn your house down too.

@richarda996

Жыл бұрын

50% more in cost, environmental damage, lack of electric infrastructure and few charging stations. Did I miss anything?

I’m addicted to Munro Live. Sandy has a great informative channel.

The strange thing about EV’s is that most people don’t really want them.

@texaswunderkind

Жыл бұрын

"Most?" In my neighborhood probably 10% of the vehicles are EV's and it is rising fast. My next car will be an EV.

@doctorcropse2795

10 ай бұрын

I've never seen a real ev

Teslas been building them for over a decade. They make it sound like it hasn’t happened yet.

@daniellarson3068

Жыл бұрын

Yuppie car.

@levibergbower3769

Жыл бұрын

They haven’t been making nearly enough cars to be a threat to the big three.

@queeffersthrlnd1620

Жыл бұрын

@@daniellarson3068 maybe but most in the Midwest are troglodytes and are just parasites

@TheCort1971

Жыл бұрын

@@levibergbower3769 the big three are the biggest threat to the big three. they have not made a decent car in decades. Gm does not even make regular sedans anymore... they were junk and did not appeal to the buyers... but the nissans/hondas/toyotas are still going strong... hmmmm why is that. the big three are crap. have been for decades.

@TheCort1971

Жыл бұрын

@@daniellarson3068 lol.. one leave you at the light? the performance models walk the big three hotrods every single time. for the same money.

Meh, if we really cared about emissions we’d fund public transit.

@baronvonjo1929

Жыл бұрын

Yup.

@richardfolden3860

Жыл бұрын

Yeah, everyone loves superspreaders that need massive infrastructure to work. 🤦🏽‍♂️

@OBSMProductions

Жыл бұрын

Can't have it that easily if the places were designed for cars first...

Lol. You do realize that the old manufacturing model has been defunct in the Midwest? The reason why Minnesota is richer than all her neighbors is because she switched to tech and medicine first

It would be very easy for the big three to bring their car manufacturers back from Mexico if they were so inclined.

@truthteller4442

Жыл бұрын

And not to mention, the car quality from cars made in Mexico is pure garbage. They ruined the Explorer line.

To build a vehicle cost 30% less, but the sticker price is 30% more for the vehicle.

@FourDollaRacing

Жыл бұрын

No, batteries are expensive and numerous...

I noticed they keep leaving electric vehicle powertrain components that just batteries... they do realize electric cars are moved by electric motors, right? The batteries power the electric motors at the axles or the wheels. It's not just batteries that are involved in the powertrain of an electric car. The batteries don't move the axles or the wheels; that's what the electric motors do. And electric motors do have their own form of construction and manufacturing. That's also jobs.

@theupscriber65

Жыл бұрын

And all the jobs that will be created in building an entire electric charging infrastructure.

@sandpeat

Жыл бұрын

jobs that require much less people

@handlealreadytaken

Жыл бұрын

They also have radiators, fluid lines, computers, sensors, lights, interior components, AC, heating, brakes, steering racks and a bunch of other components in common with an ICE vehicle. The complexity of the drivetrain is removed, but nearly everything else outside that exists in one form or another.

@hardrays

Жыл бұрын

2:12 wtf

@whattheschmidt

Жыл бұрын

@@handlealreadytaken The point is still there, 30% less workforce to make EVs. Also, less maintenance. I'm an air filter change and windshield wiper change 2.5 years in on an EV in maintenance. Next will be grease brake calipers since they don't get much use.

Midwest? You realize people are moving out of California because it was unaffordable

Does investing in a all electric vehicle State or Country sound smart ? ..... does, "Putting all your eggs in one basket" sound familiar ?? ... each State and Country need to have multiple energy sources, ... not depending on just one. A country that depends on ONE SOURCE of energy is probably doomed themselves !

@jimk8520

Жыл бұрын

Yeah, it doesn’t matter what the basket of energy sources look like as long as they keep burning fossil fuel, right?

Everyone with a revoked driver’s license seems to be enjoying their electric bikes 😂

@diabolivirtusen-tavares-ea4645

Жыл бұрын

I noticed that 😁

@googiegress7459

Жыл бұрын

In WA anyway, last time I checked, an electric bike must not be capable of driving over 20 mph to still count as a bicycle, otherwise it's a motor vehicle. So it's an enforcement issue. But on the balance I'm happier seeing a drunk driver on a bike than in a car.

Talk about job loss? Just wait until Tesla gets their Tesla Bot launched and it starts replacing people in these factories.

@pkal244

Жыл бұрын

Evolve or get left behind. An unfortunate reality for many factory workers.

@danharold3087

Жыл бұрын

It was always going to happen. If not Tesla then somebody else.

@robertagren9360

Жыл бұрын

What do you think the robots already doing.

@justme7995

Жыл бұрын

@@robertagren9360 I saw what the robots did in the 80's and 90's but these stand up walk around robots are going to be a major change and a major loss of human jobs. The early robots also eliminated many human Jobs.....some for the better

@robertagren9360

Жыл бұрын

@@justme7995 It's impractical for one reason that robots don't know anything. They're unable to create or solve new problems.

U folks at CNBC do a great job on these EV and auto-related “series” stories - topical and informative. Please produce more.

Nice video.

12:02 idk man maybe the 1+ year wait for EV's means there's a ton of demand there.

@googiegress7459

Жыл бұрын

Availability is a combination of supply and demand. Right now supply is borked, so not enough cars to go around. And demand has not yet really hit, because people still have more range anxiety than understanding of the fuel and maintenance savings. Also it's complete BS that it costs more to register your hybrid or EV than a gas-guzzler, just because the state knows you're saving so much owning one, and they want a cut.

@davidbeppler3032

Жыл бұрын

@@googiegress7459 Yes, your state saw the EV revolution coming and increased road tax by 300% on EVs.

EVs will not ruin the midwest economy. It's the lack of innovation among the Detroit automakers that are leaving them in the dust. It's their own fault.

GM needed a technical CEO as do companies needing to survive major technical transitions. Instead, GM CEO Mary Barra dealt with the situation by publicly not uttering the word Tesla and hoped Tesla would wither away.

Having a manufacturing job has been a bad idea for decades! If you saw automation coming and you didn't react, that's on you. Everyone needs to adapt skills and move forward. I grew up in the Midwest, this lesson has BEEN written on the wall.

@rogersmith573

Жыл бұрын

True, but i moved to fixing, and programming the robots that took the jobs. Not sure that will save me with the changes coming. Bit old to start over now. Maybe I can make it to retirement before it get really bad.

@cameronf3343

Жыл бұрын

@@rogersmith573 I don’t know man. I’m 22 and I buy American or North American as much as I can, since ethics of supporting domestically aside, trains & trucks are way more sustainable than ships & planes. I think that’s going to be coming around more as more people from my gen and millennials realize it’s best for the planet to buy from your respective continent. We’re very motivated by sustainability. That requires more domestic manufacturing.

@brodriguez11000

Жыл бұрын

Every job eventually is a "bad idea". With various levels of AI and ML even the white collar jobs aren't safe.

@Niko-iv4ch

Жыл бұрын

I think the biggest problem is states become dependent on manufacturing, that entrepreneurship is removed from the states culture. Places like Utah are doing just fine, with little manufacturing.

@onomatopoeia162003

Жыл бұрын

@@j.d.714 Would agree the gig economy sucks.

While the union had done a lot of good for workers, it did create a certain degree of complacency among certain workers. I remember that we need to submit a request for moving a computer from one place to another, a task that can be done only by union workers. We can’t compete like that with other countries.

@praetorianstride5948

Жыл бұрын

So many moving parts to get one thing done.

@pkal244

Жыл бұрын

Holy crap, this comment should be towards the top. Unions can be so damn wasteful, I've seen it first hand too. Then they wonder why car manufacturing is so much more efficient and cost effective overseas. The midwest did this to themselves.

@ronblack7870

Жыл бұрын

yes unions should never dictate work rules. only thing unions should be allowed to bargain for is wages and benefits. but instead they make a simple 10 minute job into a full day affair.

@vanderumd11

Жыл бұрын

Until you literally get fired for cheap labor in the states. Unions save so many jobs in negotiations

@jamesanderson433

Жыл бұрын

@@ronblack7870 I agree

CNBC keeps providing us incredible content. Thank you!!

If EVs are so amazing why are they being forced on the public?

@rogersmith573

Жыл бұрын

Don't buy one. Only communist California is forcing anyone, and you are a fool if you live there (sorry). Incentives for cheaper EV's bad too? I think $7500 is nice even if Ford has increased prices on it's EV's after this credit came online.

@richardfolden3860

Жыл бұрын

They are expensive for now and it is to hasten the process of removing our dependence upon entities from the east and middle east. That’s a good thing.

@googiegress7459

Жыл бұрын

There's an adoption problem, where people don't want to buy EVs until there's an amazing charging infrastructure, but it's hard to muster the political will to just build the charging infrastructure if not enough people own EVs. It's a matter of "if you build it, they will come", just like for mass transit. But there are plenty of people who are on the fence, or who might consider it, if there's a tax break involved. Gets them just over the hump into wanting to do it. That's hardly "forcing people to do it". The state-level gas car bans are so far out that the timing is less about encouraging people to start buying EVs, and more about kicking out the last stragglers, and in that sense yes it's a stick. Although those people can still own and register older vehicles that have a model year from before the ban (which is the case with WA's ban, dunno about CA). So there's still a VERY LONG soft landing for people to still hold onto used clunkers if they really want to spend more and get less. As maintenance on those old cars rises, few people will want to keep them.

What about someone who has or is pursuing PHD in internal cumbution engine?

The legacy automakers will ruin the Midwest by turning a blind eye on EV’s when they had the chance. I am from the Detroit area and blame the arrogance of the Big 3. Americans are sick and tired of being beholden to gas price massive fluctuations and dependence on oil. They had their chance back when the EV-1 was introduced… all the major automakers were bringing forward a new technology and then, poof, they took it away when demand was growing. Major automakers revenue isn’t the sale of cars, but, all the maintenance involved after purchase. Good by to dealers and the price gauging, it’s over. If they do not pivot HARD AND FAST it will be to their own demise. Like I said, I’m from the Detroit area and their ignorance will hurt my area, but, there needs to be change.

@Falconlibrary

Жыл бұрын

There's not enough lithium to convert the entire US car fleet into electrical vehicles, they have a limited range that would render them useless for those of us living in rural areas, they don't have enough power for big trucks and commercial rigs, etc. The executives running GM, Ford, etc, will all die as millionaires, but what about the workers who feed their families from those jobs?

@varunemani

Жыл бұрын

Ever watched this little movie called 'Gung Ho' starring Micheal Keaton? Kinda talks about the shift needed especially in the mindset of our people. So long as those greasy lobbyists and slimy republican deal makers exist, Not easy in this country for any disruption to effect real change even if someone tried.

@rogersmith573

Жыл бұрын

@@Falconlibrary So, use iron phosphate. Not the same range, but last far longer. We could produce enough Lithium here in the USA to meet the needs if we act now! other options exist as well, but lithium is best with the current tech as it's known, and you don't have to develop it.

@Falconlibrary

Жыл бұрын

@@rogersmith573 Hydrogen fuel cars are the future. Any country that invests wholesale in EVs is pursuing a dead-end.

@77Treasurehunter77

Жыл бұрын

@@Falconlibrary you're talking to ignoramouses its no use! They think theres enough lithium and other minerals on earth to keep electric vehicles going forever in the future. And they understand little about how many batteries its going to take to create and electric vehicle for every one and every type of vehicle(personal, commercial, semitrucks). Dont forget all the battery grid electric storage they are creating too that takes 10x, 100x, 1000x the number of battery cells of a car. Plus how much it takes and the harm to the environment its going to cause to mine it all minerals need, manufacture it, and grind down separate and repeat again.......FOREVER in the future. Its easy to fool the uneducated and indoctrinated.

What I really hate is how government politicians try to intervene and force the American economy into a certain mold. No, we ought to have a free market without government interference. Yes, that means some jobs are just better done abroad. A lot of jobs that require few skills can easily be done via cheap foreign labor. But, some josh are likewise better done domestically. And, many of these jobs often require higher skills and therefore also pay far better. And, with this efficient use of labor, businesses can better compete and offer lower prices to consumers. People often cry about manufacturing jobs being outsourced. Yet, they completely neglect the fact that many are still here and many other jobs are plentiful. There are so many trade jobs that simply can't get enough qualified people to even apply. Welders, electricians, plumbers, mechanics, etc are all hurting for workers. Medical and technology industries also need far more people.

@danharold3087

Жыл бұрын

The problem is that the big 3 had a stranglehold on cars in the US. GM proved they could make a EV with the EV1. Then it crushed them! If left to free open market principles we would still be using pre emission engines and a million or so people a year would be dying from the smog . Once in a while direction is helpful. There is a flaw in your outsourcing logic. First you outsource the easy stuff. The guys overseas do this. Next year you outsource a little more because the guys overseas are now more competent. rinse repeat. Eventually you outsource the engineering research and customer service. All you have left in the US is executives.

@D_Rogers

Жыл бұрын

No country has an actual free market tho... China may be close, you can buy some great fake food to eat there, as you shop for an apartment with no rebar in the walls because it was removed and sold on the black market... :) The government is the referee of the game, it needs to intervene when players get cheeky... Unfortunately the referee has been on the star players payroll for some time now... :)

@johnc1014

Жыл бұрын

@@danharold3087 See, in a free market, companies would freely compete against one another for the business of consumers. Problems arise when government decides to favor some over others. By the way, I don't know what "big 3" you refer to. People go for all sorts of vehicles (Toyota, Ford, Chevy, Honda, Nissan, Jeep, etc). People seek good quality at the lowest prices. As far as emissions, you seem to think that. I disagree. Firstly, government is notoriously bad at doing just about anything except breaking things. If consumers really want cleaner vehicles, great; they'll seek those out and provide an incentive for businesses to make cleaner vehicles. The best direction comes in the form of supply and demand, not government meddling. ------------ The problem with your claimed flaw in my outsourcing logic is that you neglect so many other variables. The skills and competency of foreigner workers is only one factor in outsourcing. With many jobs, basic geographical distances make domestic production more appealing. Also, many services must be done locally. You can't outsource a car mechanic, for instance. You need one to fix your car right where you are. You can't really outsource construction, because you construct buildings and other infastructure on site. The beauty of outsourcing is that you do increase the skills and competency of foreigners. They get better, put money back into their local economies, and increase their local standards of living. This then increases wages there and causes the same western businesses to move elsewhere in search of more cheap labor. And rinse and repeat, as you said. For the longest time, China has been America's go to outsource nation. Now, wages are increasing in China and American companies are gradually shifting to other Asian countries. The best advice for American workers isn't to clinge to these jobs, but rather to seek jobs in-demand right in America. Work in things that aren't going to be outsourced or automated.

We drive from Kansas to Florida every year. There’s no way at this point we could drive an electric car that far with the current battery technology we have right now. Every stop would take way too much time to top off the battery.

@IMAPOTATOZ

Жыл бұрын

It just depends on if you cherish time over money.

I ran a industrial electric motor repair shop in Cleveland for 34 years 1979-2014. I watched all my customers go out of business due to Chinese imports and Foreign investors buying the others. I retired in 2014 and our repair shop closed it doors in 2016. The major manufacturers sold out the jobs to overseas plants or just closed period! My brother worked for GE from 1976 through 2018 before they closed his plant in Ohio. He was the last engineer working there and forced a early retirement. Shame on those CEO's!

Imagine keeping industries outdated just to cater to people who refuse to update their skills. Glad that mentality is getting tossed out the window. Also, couldn't be happier that car dealerships are going away, Not having to deal with markups and being held hostage at a dealership all day by some greedy salesperson, is definitely a step in the right direction. Ordering your car, paying for it, and picking it up, without having to negotiate, is definitely how things should be.

@rogersmith573

Жыл бұрын

It's not about the skills EV's will require less labor to build period. Even less engineers! Dealerships are going to die, but so are after market car stuff. tuner cars, muffler and transmission shops, oil change shops, but maybe a few more tire replacement jobs. Start your new job swapping and balancing tire now LOL. Entire auto food chain is about to get disrupted.

@mickylord21

Жыл бұрын

@@rogersmith573 Better adapt

@jeffhudson2346

Жыл бұрын

It's fun and games until it's you that is put to the side in the name of progress, automation can only do so much, you still need actual skilled workers to catch defects instead of "technicians" that only know how to start and stop equipment.

no more road trips 🥺🥺🥺🥺

Technology is changing. This is part of progress. People will have to adapt or not survive with a decent standard of living. Best to expand industries in the western world rather than in Asia and other countries. With vehicles, EVs have much less moving parts, but have other types of complicated technologies employed.

@sheldonhollis5258

Жыл бұрын

Why haven't workers been able to adjust in your opinion? There are millions of jobs available in the trades and STEM industry

That reminds me on the time, in the early 2000. I worked for GRETAG. The made mini labs to process foto-films. The kind you had in one hour foto-shops. The rest story you can imagine. I work now in the rail-way industry.

the problem w incentives is that you have to remove them at some point.. and then there will be a slow decline as manufacturers once again chase low cost production

@DaBooster

Жыл бұрын

The incentives are not even necessary. Generally incentives are introduced to help sell a product that is struggling. Currently there is a massive backlog and wait times or close to 12 months for certain models of electric vehicles. Incentives are a complete waste of taxpayers money

@gabbymcgibson984

Жыл бұрын

I agree with Ben, the incentives are completely useless and just a money trap. But @JogBird you are forgetting the massive fuel incentives, current vehicle incentives, the massive loans that aren't paid back (except for Tesla, paid). Society no longer needs the overpriced BS vehicles the current manufacturing model presents. While we will be getting much better cars, once GM F VW etc finally begin attempting production, with less labor and costs overall for the owner. The people displaced will need to transition into another position, true. But, this is what happens and more opportunities will be available once this process Tesla produced (yes based on GMs model from long ago don't get Karen out here).

@thesavoyard

Жыл бұрын

​@@DaBooster Not true, it does stimulate demand. Which motivates car companies to produce more. The ultra hot market drives investment, meaning a faster transition to electric. Hopefully EV tech and manufacturing will all improve and virtue alone will drive the transition. But since personal automobiles only contribute to 15% of greenhouse gases, it's not the primary change that needs to happen.

@RoknRolUSA

Жыл бұрын

True, corn farmers like me depend on the ethanol market. I'm retiring next year and hope my cash rent doesn't crash with transition. I'm buying an electric truck by the way.

@veganpotterthevegan

Жыл бұрын

Not true, they only need to keep giving them until the ICE industry breaks. Also, EVs are getting cheaper to make

The idea of people needing different education to do the work is stupid. People can work without paying someone else to tell them how first. Companies need to invest in their people. Remember how in the old days people had loyalty to their jobs?

@theupscriber65

Жыл бұрын

And companies had loyalty to their employees.

@danharold3087

Жыл бұрын

That depends on the job. Can you design a microcontroller. How about design a system on a PCB to move an electric window. Can you program that microcontroller. These are the sort of jobs we need. If it does not need training chances are a robot can do it. They days when you can earn a living with your back are drawing to a close. My first job was to hand dig earth from around phone lines where they came close to other buried wires. Even this job is gone. Some guy drives up with a hydrovac and in a few minutes he does what took 2 or 3 people hours to do by hand. We can't live in the past.

With rolling blackouts unavoidable, what are they doing to make more alternative power plants? Are they going to wait until power usage fails to supply, even close to enough, before making more to be ready?

I work in and Live in the Midwest and make Auto parts and some EV parts. Most of the Midwest, except some cities, is a Job dead zone. I’ve lived in the Midwest my entire life been to all the Midwestern states and seen the same problem for years. The utter Lack of jobs, or jobs that lack good infrastructure, jobs with poor leadership, lack of support from local leaders to bring better jobs to the states and so on. Now there maybe some similarities to other states but it’s not just limited to the Midwest it’s nationwide.

EV's will change how cars are manufactured and what parts they use, driving many businesses bankrupt. Just imagine what happens when there are no more oil changes (filters, oil, mechanics, lift manufacturers, disposal firms, tools, and even whole shops devoted to maintenance), no more mufflers, no more gas stations, no more belts, radiators, water pumps, alternators, transmissions, ...the list goes on. Not only manufacturing will be impacted, but the entire food chain will be disrupted - even the places that need to check emissions every year.

@rogersmith573

Жыл бұрын

This is the real problem! ev's are coming, they are better, but they are going to cost a great number of jobs! Not just manufacturing!!! think about all the after market stuff, tuner cars, all of that will be gone.

@NA-tu7nt

Жыл бұрын

Gas stations will just transition and have Electric chargers, plus gas stations make most of their money from food/drinks, and all the marked up items they have not actual gas.

@richardfolden3860

Жыл бұрын

Thank God.

@phillipgrandison2384

Жыл бұрын

Goodbye Autozone, Pepboys, Orileys, NAPA, etc.

@davidbeppler3032

Жыл бұрын

You still need an emissions test on a Tesla. Required by law.

Maybe it be a great ideal for some of these companies put out by the EV market place to start manufacturing Electrical Transformers! Since we don't do that now in America! And with our sun having all sorts of Eruptions recently, I believe where gonna need new Heavy Electrical equipment really soon!

@ReptilesBlade

Жыл бұрын

It's been known for over a decade that we are way past the time to have another Carrington Event. It's coming, and it's definitely coming within our lifetimes. With how dependent we are on electricity and electronics such an event could easily cost 10's of millions of lives in this country on the low end to get through it and recover.

@DerekOfRivia

Жыл бұрын

Electrical Transformers don't exist. All electricity is coming from coal or other Fossil feuls being burned somewhere your pretty little eye can't see, so they makes you feel better.

Is this a joke. Neutron Jack decimated the Midwest long before EVs started to takeoff.

The last four words of this vid are of ultimate importance.

The president of the spark plug company made a great point on EVs... infrastructure is not there. And I have several questions: how are these used batteries going to be recycled? And who is going to buy a used EV?

@D_Rogers

Жыл бұрын

Once there are enough old EV batteries to make it worth while, they can recycle them.. To do this, they chop open the battery, tip out the lithium, grind it up till it has no big crystals in it anymore, then pump it in a new battery and put it in a car... The chemical formula for the process = none.... :)

@richardfolden3860

Жыл бұрын

The market for used EV’s is insane. People are getting $10-$24k more than they paid in the first place for them because they last so long. Redwood materials and many other startups are in the recycling game because purchasing recycled materials is multiple times cheaper than buying mined materials.

@MB-kk8px

Жыл бұрын

If you want to know how the batteries are recycled watch some KZread videos on Redwood Materials. They have the whole process down and will be selling the recycled materials back to the EV companies.

The future is electric 🙌 ⚡

@Mistro07

Жыл бұрын

The question is how far in the future it will happen…the goals being set by the government are unrealistic

@anthonybha4510

Жыл бұрын

@@Mistro07 yeah. 2035 is ridiculously too late vs. the rest of the globe.

@AllrightNOR

Жыл бұрын

Too bad there is not enough power and the mining of rare raw materials isn't exactly sustainable.

@cerisem7727

Жыл бұрын

I doubt it. I see hybrids as the future, the materials/resources just aren't abundant enough to continue making EVs in the long run. Especially with a population of nearly 8 billion people.

@baronvonjo1929

Жыл бұрын

@@anthonybha4510 Actually many countries are set for 2035. I can only think of Norway being at 2030. Unless they changed we are pretty much in line with everyone else.

What is that grey car at 5:32 ? It looks like a Camaro but isn’t. Anyone?

I think a lot of the states with big land with options to expand factories in the future are winning here. Also freight cost is going up so a lot of the companies are building near shorelines.

The US motor companies have had the economy and our lives by the privates since their first commercial success. Yes automation helped develop our world to what it is today. But we never got better at designing our cities. Almost all US and Canadian cities are car-centrically designed. Yet cars are not living things. We are. I love cars, I love races and engineering and high HP. I love it so. Yet we keep designing our world for the car. Look at the Netherlands. People (PEDESTRIANS) and motorists/cyclists' are in an almost harmony. Children walk and ride their bikes to school, the shops, and their friends homes.... barely any fear of traffic there. All of this I wish for the people of my home of the US could have that everywhere one day. In the US we need transportation for long distances, but we need to design our cities (world wide) to lessen the day to day norm of millions of people wasting so much of our lives and time in a CAR just to get to where we need to be.

@mydude3254

Жыл бұрын

Instead of "automation" I meant auto-motion. Not exactly a word but I meant auto-motion in the sense of travel by personal motor vehicle.

@dy-no-mitedragon7759

Жыл бұрын

We have so many stop lights each one costs 250 to 500 thousand and 6000 a year to run the light we waste an average of a minute and a 1/2 at each light. We need traffic circles lights are stupid 🤷🏽‍♂️

If you leave a reply as a foreigner, after the 2008 financial crisis, I remember 2009 when the executives of three U.S. automakers, General Motors, Ford and Chrysler, were accused of riding a company-owned jet plane to a congressional bailout hearing. I was surprised as a foreigner Because how did the American automaker get to that point and beg for congressional bailouts? I found out on the Internet that the external competitiveness of American car manufacturers has fallen a lot. Germany and Japan, famous for their automobile manufacturing, will suffer a huge economic shock Germany and Japan are export-oriented economies, with automobiles and auto parts accounting for 35% of total exports, and employment accounting for 10%. And the automobile industry accounts for about 15% of the gross domestic product. Electric vehicles require 20% more manufacturing manpower than conventional internal combustion locomotives. It can be manufactured 24 hours a day, 365 days a year. Since electric vehicles have only 30% less parts than conventional internal combustion engine vehicles as they are cheap, it is expected that these countries with many medium-sized auto parts companies will be hit by electric vehicles so much that they cannot compete in the Midwest such as Michigan, Ohio, Wiscons, Illinois, Indiana, and the United States. The American Midwest won't be hit by the electric car revolution because it's been down for 30 years

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Spark Plugs is in for a wake up call. I live in a small town in Puerto Rico where there is really “no charging infrastructure” and new Teslas are seen every week. You just need a 220V and you’re set.

It would be a mistake to try and bring the jobs of yesterday back to the US, and it would be very much at the cost of the jobs of tomorrow.

@peterinfamilyguy

Жыл бұрын

Very well said! It's a reality we all hate to accept, but we eventually have to..

@OBSMProductions

Жыл бұрын

There's all but one constant in life...change.

I suppose its a great idea to bring assembly back to the mid American states. Unfortunately i keep seeing American and Canadian plants closed and jobs moved to Mexico where the wage is like 2 bucks an hour.

@theupscriber65

Жыл бұрын

When I visited our Mexican plant in 2009 the daily wage was about $2/day. And we paid double what some places paid.

@praetorianstride5948

Жыл бұрын

Gotta love American CEOs.

@FourDollaRacing

Жыл бұрын

Legacy products are manufactured in Mexico, but the drug cartels are murdering the people at an alarming rate...

@danharold3087

Жыл бұрын

When the jobs are replaced by robot manufacturing can return to the US. Kind of sick but true. Unions have done little to keep jobs in the US. Mostly they made manufacturing here unprofitable.

@robertagren9360

Жыл бұрын

Print more money

Exactly ... said it all at the end of the video ... as long as the infrastructure is in place, and as long as the cars are affordable. We're a long way from either (my opinion).

Where are all the battery materials going to come from?

Detroit, Cleveland, Flint, the Midwest.... They'll loose good paying jobs to areas like Tennessee, Kentucky, Alabama, Texas, and other areas that are less favorable for UAW and also incentivizing the auto manufacturers and suppliers to go there instead. I've been hearing for 20+ years that Detroit is coming back.. It's not and it will never come back. It will only get worse when these big auto giants and suppliers relocate work.

@davidbeppler3032

Жыл бұрын

To be fair the last 5 top leaders of the UAW are in prison.

Paul Pilsner wrote a book call Economic Alchemy. In it he said when there is a technology stealing your job. Maybe you need to learn a new technology. Cause change keeps changing. This is how the Horse and Buggy people felt when Henry Ford changed the world. Car don’t even have carburetor anymore. Soon won’t need a gas powered engine. CHANGE CAN BE VERY PAINFUL. WHEN YOU FIGHT ALL THE WAY.

@hardrays

Жыл бұрын

total resignation to the man

@bigsidable

Жыл бұрын

@@hardrays I see you using your IPad or Smart phone. Why didn’t you use a pigeon.

No automotive manufacturer ever put people over money. Greed is the worst disease of all.

There is high demand for qualified workers in many industries trough out the whole country. Change is unstoppable, embrace it and adapt no matter what.

Unions probably should have spent the last 20 years preparing their workers for the transition instead of wasting all that time and money lobbying government to try to stop it.

@rogersmith573

Жыл бұрын

unions are all for training for new skills, that's not really the issue. The issue for unions and all current automotive workers is that EV's require a lot less labor to build period. Jobs will be cut no matter what, and where do these people go?

the real question is "will the midwest economy be smart enough to adapt to the future"

@theupscriber65

Жыл бұрын

Yes. We have a huge EV development facility smack dab in the midwest. I work there now.

@praetorianstride5948

Жыл бұрын

Or will they decide to keep going what worked in the past because it was good “nuff” then? It’s a huge jump and sacrifice but it’s either sink or swim.

@rogersmith573

Жыл бұрын

laws are in place to prevent change. You first need to get the laws changed, but many still lobby against that as they will lose $$

@scottleggejr

Жыл бұрын

Nah the real question is "will coastal urbanites stop regulating and strangling innovation with NIMBY NEET dreams?"

The Midwest hasn't had an economy for 30 years. There's nothing to ruin anymore. Source: I live in the Midwest.

GM ❤️❤️❤️ its the way you make me feel?👍👍👍👍👍💯

It's crazy I have a Bachelor's degree in mechanical engineering amd OEMs in WV would not even email me back to say no interview. I hope they get crushed.

@tanveerhasan2382

Жыл бұрын

what's WV?

@lazynow1

Жыл бұрын

Dude....change your address....to something better you will get calls...then...

@stevenjohnson891

Жыл бұрын

@@lazynow1 yep I left it was a year of applying. 300 a month I think idk.

Part of me simply cannot be sympathetic to the automotive industry, or at least its leadership. We had MULTIPLE chances to develop or switch to electric or even hybrid vehicles decades ago. Each time the fossil fuel industry and the automotive industry did their best to quash those efforts, full well knowing the longer it took the more addicted we would be to fossil fuels and combustion engines. It would be that much harder to make the switch or to explore any option OTHER than fossil fuels and combustion. THEY are the ones responsible for putting us in this predicament where it is exceedingly painful, nay, traumatizing to move away from fossil fuels. We cannot afford to remain addicted and yet the difficulty of making any meaningful change is almost insurmountable now.

@phillipgrandison2384

Жыл бұрын

Greed is our enemy , we America has fallen for it hock, line, and sinker. As a nation we can do better, the engineering exist to today to solve most or problems, but we're standing in our own way due to greed and not wanting to feel the burn lol.

@DerekOfRivia

Жыл бұрын

The power grid will never be able to handle 275 million new electric cars and that's just the US. Fossil Feuls will need to be used no matter what. Idk where you think electricity comes from but it's comes from burning coal and fossil fuels. The batteries you want for your special cars are being mined by slaves and children in Africa. But I'm sure you people will ignore that for the first 25-50 years of the switch over. Baahhh, you plebs know nothing besides what you've been brainwashed with, to think the world's dying.

Concept of opportunity cost is based on the fact that resources are limited,but have many alternative uses. Since every Factor is limited,they cannot be fully utilised in all uses. From point of view of society,utilising a resource for a purpose means that opportunity of using it in other use is to be sacrificed. Opportunity producing cost of a goods is that quantity of goods which we have to sacrifice. That cost which encourages resources in their present use is called opportunity cost. For example,if certain resources are utilised in production of two commodity - wheat and Machine and with similar resources wheat of worth ५ lakh rupees and ४ lakh rupees of machine can be produced. Producer in this case will produce wheat rather than machine or for wheat ५ lakh rupees, machine of ४ lakh rupees has to be sacrificed. In this way sacrificed value of machine will be called opportunity cost of wheat worth of ५ lakh rupees. 🙏🙏🙏🙏🙏

Top muito bom

Serves the gasoline car industry right. They put hitching rail makers, horse vets (horse shoes), livery stables, saddle makers and so many out of business.

@danharold3087

Жыл бұрын

You tell em skip !

Change is always going to happen, and usually faster than people would like it to. I think one thing that these car companies are ignoring is the money that can be made in the business of installing and maintaining the charging infrastructure. They need to not only get involved in building the vehicles but they need to also get into the business of setting up the infrastructure for both home and public recharging. That business could provide a lot of jobs.

@davewhite113

Жыл бұрын

Yeah but every public charging company in the USA is losing big money on their chargers. Tesla is losing millions each year and the two biggest independent charging companies might go bankrupt in the next year. Gas stations often sell other merchandise and make money from that, these charging stations cost $75K per unit while a single gas pump cost $15K. Not even the power companies can make money installing the chargers.

@brianh9358

Жыл бұрын

@@davewhite113 Currently electric vehicles are a small share of the market and it will take a while to reach the economies of scale necessary. I also think that recharging and battery tech will continue to improve and costs should come down. I'm not saying that there won't be major disruption and pain because there will be. Any shift in technology is going to cause that.

@phillipgrandison2384

Жыл бұрын

The charging stations of the future will includes things like shopping or entertainment while u wait for the car to charge. So, you won't be just sitting their with idle time for 30 min.

@googleuser868

Жыл бұрын

@@phillipgrandison2384 Walmart always takes longer than that. The real estate as already there and you know they'll put in chargers if they can make money.

My car was built on Broening Highway, Baltimore in 1965. Still runs great, probably won't need a new one for another 50 years.

I have a question. Love to watch ‘Air Disasters’ on Smithsonian channel and while watching one they stated that fuel tanks in the wing pump over 200 gallons of fuel to engine per hour. If we are doing away with fossil fuels are we going to electric powered plans? Just a thought