this post was submitted on 19 Aug 2024
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Economics

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  • The layoffs include roughly 600 jobs at General Motors’ tech campus near Detroit.
  • The layoffs represent about 1.3% of the company’s global salaried workforce of 76,000 as of the end of last year.
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[–] [email protected] 2 points 1 month ago

Unlikely, but is this a revision of theft of ownership from neo digital feudalism? Will new cars exist again for purchase? The death of vehicle ownership is the linchpin of a much larger scale wealth disparity gap in an apocalyptic dystopian future. At the present, new cars are worthless in a future second hand market. They are not economically reparable for a 3rd party dealerships business model and the way auction houses must operate. This is an absolutely vital rung for low end automobile access for people with bad or no credit, or incomes that are less conventional like many forms of self employment. These types of car dealers are not carrying anything newer on their lots right now. That market is dying and it will completely isolate this segment of the population in severe poverty.