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(GDP Decline)

The auto industry has lost $5 billion in GDP since the strikes began (Anderson Economic Group).

(Daily Financial Loss)

$125 million daily loss for Ford, GM, and Stellantis as production halts across factories (Reuters).

(Earnings Forecas)

30% decline in Q4 earnings forecasted for major automakers if the strike continues into November (Moody’s Analytics).

(Revenue Losses)

Auto parts suppliers stand to lose $1.5 billion in revenue, threatening 200,000 jobs across the supply chain (Automotive News).

(Bankruptcy Risks)

25% of suppliers report they may declare bankruptcy if strikes last longer than two months (National Association of Manufactures).

(Transportation Productivity)

6% drop in transportation sector productivity due to delayed shipping of vehicles and auto parts (Logistics Management).

(Shipping Delays)

12-day average shipping delay for auto parts, affecting repairs and new car inventory (Global Trade Review).

(Total Wage Loss)

Strikers have lost over $1 billion in wages during the strike period (U.S. Department of Labor).

(Strike Pay vs. Pre-strike Wages)

Average strike pay is $500/week, compared to pre-strike average wages of $1,200/week (United Auto Workers).

(Retirement Fund Usage)

30% of workers are dipping into retirement funds to cover living expenses during the strikes (National Bureau of Economic Research).

(Financial Stress Levels)

45% of striking workers report high levels of financial stress, while 30% have used emergency savings to pay bills (Economic Policy Institute).

(Payday Loan Applications)

7% of strikers have applied for payday loans to make ends meet (American Financial Services Association).

(Non-Union Layoffs)

40,000 non-union workers have been laid off as a result of halted production (Reuters).

(Fear of Additional Layoffs)

80% of workers in affected non-union industries fear additional layoffs if strikes continue (CNBC).

(New Car Price Increase)

The price of new cars has already increased by 15-20% over the past two years, with projections for an additional 5-10% rise due to production delays (Kelley Blue Book).

(Used Car Market)

Used car prices are expected to rise by 10% in the next six months as inventory shrinks (J.D. Power).

(Production Backlogs)

Over 60,000 vehicles are delayed in production due to strikes, creating backlogs in dealership inventories (AutoForecast Solutions).

(Dealership Impact)

40% of dealerships report limited inventory, and 35% expect sales to drop significantly in Q4 (National Automobile Dealers

(National Economy Loss)

A prolonged strike could lead to a $10 billion loss in the national economy by the end of 2024 (Brookings Institution).

(State GDP Contractions)

States like Michigan and Ohio, home to major auto plants, could see GDP contractions of 1-2% if the strikes persist (Federal Reserve).

(Tax Revenue Decline)

The federal government could lose up to $1.5 billion in tax revenue if the strikes continue into 2024 (Congressional Budget Office).

(State Revenue Impact)

States like Michigan, which heavily rely on the auto industry, are likely to experience budget shortfalls of $500 million or more (State Budget Office).

(Public Opinion Shift)

Recent surveys indicate that 65% of Americans support striking workers, with 70% believing unions are necessary to protect worker rights (Gallup).

(Political Pressure)

Lawmakers are facing increased pressure from constituents to address the issues leading to strikes, with 55% of voters favoring stronger labor protections (Pew Research Center).

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