The Auto Industry Crisis & What This Means For Our Economy

Get a 10-Day Free Trial of Market Insiders: https://theminoritymindset.com/Market-Insiders . . in 2018, GM announced that they will be laying off over 14,000 employees - int his video we explain what this means for the economy & how to prepare Subscribe To Our Channel: http://bit.ly/M2YouTube 🚨Read Our FREE eBook🚨 Get Richer Sleeping - Investing 101: http://bit.ly/m2InvestingeBook The Auto Industry Crisis & What This Means For Our Economy 0:10 - GM offered their employees a buyout option before laying off 14,700 employees 0:43 - GM is not a charity they are a business that sells cars for profit. They are a major player in the auto industry 1:35 - Most employers are not looking out for your best interest 1:56 - The inevitable, the need for labor and manufacturing jobs is becoming obsolete 3:32 - The ripple affect of laying off workers because suppliers will be affected next, and Ford is predicted to lay off workers too 4:57 - Learn from history, prior to the 2008 crash Ford had huge layoffs to stay ahead of the economy 5:30 - How layoffs affect the economy as America breaks a record for total consumer debt What Is The Minority Mindset? The Minority Mindset has nothing to do with the way you look or what kind of family you're from. It's a mindset. Give the majority $200 and they will come back with a pair of shoes. Give the minority $200 they will come back with $2,000. Think from the mindset of a consumer and be the provider, that's the Minority Mindset. Don't be the majority. #MIH #ThinkMinority Twitter: @M2JaspreetSingh Personal Instagram: @M2JaspreetSingh Instagram: http://www.Instagram.com/MinorityMindset Facebook: http://www.Facebook.com/MinorityMindset See more & read our blog! http://www.TheMinorityMindset.com This Video: https://youtu.be/x5fYIEzFZnE Channel: https://www.youtube.com/MinorityMindset Video host: Jaspreet Singh