With an annual financial affect of greater than $27 billion, the automotive sector is now an integral a part of the state’s economy. As former chairs of the Council of Financial Advisers during the business crisis, Goolsbee and Krueger (2015) report being stunned by the industry’s resurgence, commenting, We’re each happy and a bit stunned by how nicely the previous 5 years have played out for the domestic auto business.” These authors go on to conclude, We’re both thrilled and relieved with the outcome: the automakers acquired back on their toes, which helped the recovery of the U.S. economic system.… Read More..