Baby You Can Drive My Mini-Excavator
The report that came out last week from IHI Global Insights (see more detail at http://rermag.com/trends_analysis/headlinenews/construction-job-loss-study-100209) was fascinating in considering the depth of the recession in the construction equipment industry, which has suffered 8 percent of the job losses during the recession in the United States. That’s an amazing number, and it’s far more than have been lost in the automobile manufacturing industry, which has gotten an immense amount of media attention. I don’t know how many commentaries I’ve read about the potential for catastrophe should one of the Big Three go out of business and how the government bailing it out is almost a matter of national survival (bringing back the old saying ‘what’s good for General Motors is good for the U.S.A.). And how many have pointed out the potential number of vendors to the car manufacturers that would suffer, the number of people that would go out of work, and on and on. more
