Shift Happens Statistic of the Day 12-2-09

From the December 7, 2009 issue of Time Magazine:

In 1979, GM's U.S. employment peaked at 618,365. Today it's at 75,000 and falling fast. GM's U.S. market share, once about 50%, has fallen to about 20%.

That's about an 88% decline in U.S. jobs at GM in 30 years. Interestingly, it's only a 60% decline in market share, which illustrates the automation/productivity portion of the shift.


Flickr Photo Credit: two GM dealerships out of business, originally uploaded by marina.