The fall of the American automobile market and the collapse of the economy Unemployment is increasing and the world economy as a whole is in decline. The story has become all too common. If there is a negative direction to go, we are certainly taking advantage of the opportunity. Americans have become too accustomed to the inflationary period of the 1990s, and the current recession is affecting almost everyone. The Big Three automakers (GM, Ford and Chrysler) made massive workforce reductions, and the entire nation's labor market was upended. My personal life was greatly disrupted by these events, after Delphi (under contract with GM) outsourced most of its jobs and closed 21 of its 29 factories in the United States. In previous years, anyone was able to earn a comfortable salary working for GM right out of high school. Now that these jobs are gone, union wages are no longer available. The unemployed are desperate and working for minimum wage. They are therefore forced to radically change their standard of living. My father works seventy hours a week and we are still barely able to pay our rent. The so-called “American Dream” has been transformed for many. It used to be a goal to get what you need to be happy, but now it's just about finding a job that can support your family. The fall of the American economy could be attributed to the many crises facing our country, such as the subprime mortgage crisis. A few years ago, we experienced an energy crisis in which oil prices skyrocketed, which directly led to the current crisis in the auto industry. It could be argued that the auto crisis and the fall of the big three automakers are solely responsible for the disappearance of our previous mistakes. Works Cited Boyer, Peter. “The road ahead”. New Yorkers 85.11 (2009), 44-56. Web. Carty, Sharon. “The plan to save the automaker carries risks for the economy.” USA Today (2009) Web. “Gas prices put Detroit Three in crisis mode. » MSNBC. June 1, 2008. the web. February 15, 2010. .Hornbeck, Mark. "Michigan's Long Fiscal Poverty." State Legislatures 35.3 (2009), 26-29. Web."In pieces." Economist 390.8619 (2009), 63-64. Web.Klier, Thomas H. “From Rear Spoilers to Hybrids: How Detroit Lost Its Dominance in the American Auto Market.” » Economic Outlook 33.2 (2009), 2-17. Web.No, Eric. “Consumers report top car choices, all Japanese.” ABCNews.com. March 2, 2006. The web. February 14, 2010. . Web.Woodyard, Chris. "Ford reports profits for the year." USA Today (2010) Web.