by eastbay » Fri 16 Feb 2007, 13:04:26
oil4u,
You're right. I ride a scooter most of the time. Lately it seems that most of the scooters on the road are Chinese made. Chinese scooters were unheard of just a few years ago now they're common. They now build small standard motorcycles too and my neighbor just bought one.
The point is, the Chinese are amazing in their ability to penetrate a market. Once we see a few of their cars, it will be only a matter of a short time before their cars are common... unless economics or geology intervenes and reduced demand.
A friend of mine works on the assembly line for NUMMI, in Fremony, CA, making Toyota trucks and other GM and Toyota vehicles. He earns about $100,000/yr including a little overtime. He lives in a $800,000 house in a far away suburb. I'm not sure what a Chinese assembly line worker earns, but I wouldn't be surprised it it's $1,000/yr. I advised him to begin saving as much of that as he can because a high paying assembly line job in the auto industry can't last. Of course, he thinks and acts like his job will last forever.
Like Chrysler, the other domestics will be also be under incredible financial pressure in the coming years. The days of the high paying American auto assembly line worker are numbered, that's for certain. This layoff is the tip of the iceberg.
Got Dharma?
Everything is Impermanent. Shakyamuni Buddha