Nissan, today, announced job cuts of about 20,000. That’s 20,000 more people looking for work. Nissan is Japan’s third largest automaker, so it’s another dubious sign for the auto industry. I think a lot of people also fail to consider that job layoffs like this one, and the ones we’ve been experiencing since January 1, have a cumulative effect. Not only do 20,000 more people lose their jobs, but that’s more people trying to find the same few jobs available now.
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