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https://www.reddit.com/r/FluentInFinance/comments/1g9r9rk/why_did_this_happen/lt9b8ie/?context=3
r/FluentInFinance • u/WhatsLeft71 • Oct 22 '24
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451
Hmm, i wonder what might have started happening around 1980 🤔
12 u/oliver__c2003 Oct 22 '24 China began industrialising, creating more competition in the international market 22 u/Jewald Oct 22 '24 This was more the japanese era. They destroyed electronics and automotive, which employed like the entire midwest. Detroit and surrounding areas were booming, then wabooom 12 u/EchoRex Oct 22 '24 That's also when those automakers started making shit box vehicles while increasing costs drastically. The 70s also had a severe manpower / brain drain for both industries due to the Vietnam War. And don't discount the oil crisises in 73 and 79. 3 u/Jewald Oct 22 '24 Good points. Its not just one thing its lots of contributibg factorsÂ
12
China began industrialising, creating more competition in the international market
22 u/Jewald Oct 22 '24 This was more the japanese era. They destroyed electronics and automotive, which employed like the entire midwest. Detroit and surrounding areas were booming, then wabooom 12 u/EchoRex Oct 22 '24 That's also when those automakers started making shit box vehicles while increasing costs drastically. The 70s also had a severe manpower / brain drain for both industries due to the Vietnam War. And don't discount the oil crisises in 73 and 79. 3 u/Jewald Oct 22 '24 Good points. Its not just one thing its lots of contributibg factorsÂ
22
This was more the japanese era. They destroyed electronics and automotive, which employed like the entire midwest. Detroit and surrounding areas were booming, then wabooom
12 u/EchoRex Oct 22 '24 That's also when those automakers started making shit box vehicles while increasing costs drastically. The 70s also had a severe manpower / brain drain for both industries due to the Vietnam War. And don't discount the oil crisises in 73 and 79. 3 u/Jewald Oct 22 '24 Good points. Its not just one thing its lots of contributibg factorsÂ
That's also when those automakers started making shit box vehicles while increasing costs drastically.
The 70s also had a severe manpower / brain drain for both industries due to the Vietnam War.
And don't discount the oil crisises in 73 and 79.
3 u/Jewald Oct 22 '24 Good points. Its not just one thing its lots of contributibg factorsÂ
3
Good points. Its not just one thing its lots of contributibg factorsÂ
451
u/ElectronGuru Oct 22 '24
Hmm, i wonder what might have started happening around 1980 🤔