” … Kudlow observed that the transition to electric vehicles (EVs) is a major factor in the negotiations because “a lot less labor is necessary” to make an EV than a traditional gas-powered vehicle. Kudlow cited a claim made by Kevin Hassett, the former chairman of the Council of Economic Advisers in the Trump administration, that the auto industry could lose as many as 500,000 jobs due to the EV transition.”
The Elephant in the room, fewer workers earning lower wages, no wonder FORD is going full Electric.
Just in … Volkswagen cuts jobs as demand for EVs plunges
Decision comes just three months after production cuts and layoffs at the carmaker’s Emden plant
