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The Great Recession will hopefully stop eventually, and then you can expect to see the unemployed 18-35 year-olds get jobs, buy cars (among other things), and d
by cgore 13y ago
The Great Recession will hopefully stop eventually, and then you can expect to see the unemployed 18-35 year-olds get jobs, buy cars (among other things), and drive again.
- toomuchtodo 13y agoIt won't end, and we don't see people driving in a big way again. Data has shown that between 55+ retiring and younger potential drivers preferring not to drive, vehicle sales have plateaued. If self-driving cars take off in the next ~5 years, that'll be the death of a large part of the auto industry.
- cgore 13y agoI'm optimistic. Economies go up and down, sometimes in long cycles, but I think this is bound to turn for the better eventually. I'm doing fine financially and have a good job even in this economy, software development still seeming to be a growing field, but I have some friends with other degrees (or no degrees) in a lot worse shape than me. So I hope for them my optimism isn't wrong.
- dennisgorelik 13y agoYou are missing the point: it's not about recession (which is behind us by now), but about change in habbits/needs. People rely more on digital communications and less on driving. End result - car sales stagnate.