General Motors, the world's largest automaker, announced it will be looking in the Sandy Spring area for a new research and development center pertaining to "information technology." If GM does find a possible office, it will hire hundreds of high-end jobs that pay well, in hope of benefiting the local economy.
GM's possible move will be able to boost the local economy and, hopefully, lure more computer programmers and other high-end professions to Georgia. These type of jobs pay well and will provide a sizable increase to the economy. Not only that, the possible office (over 100,000 square feet) will influence higher commercial real estate prices throughout the area. GM's hires will be solid hires, which means workers will be less likely to loose their jobs. Also, if GM continues to do well in sales (which they are), they will continue to hire more and, after time, will increase their presence here in Georgia; thus, increasing the local economy's GDP.
The recent political arena has shown light on the complications and controversies of the U.S. Auto Industry. Obama has been a staunch supporter of auto jobs, and Romney is busy defending himself over his negative comments. All politics aside, the move to save and revive the U.S. Auto Industry has given this country unimaginable rewards through its over 800,000 employees and over 3 million indirect jobs. GM, once bankrupt, has now recaptured its number one title, in the world, with a measurable lead to fierce rivals such as Volkswagen. Chrysler, who has once suffered a similar fate to GM, is now assisted by Italian car maker Fiat and leading in the highest sales gain in the industry. This type of great news leads to more and more jobs. With more jobs, such as the new hires in the Georgia area, the economy will improve and unemployment will drop. As more great news comes out, these jobs will be able to reach throughout the United States, yielding a better economic outlook each quarter. With such great statistics and a bright future, saving the U.S. Auto Industry was the right choice that was made.
Works Cited
http://www.ajc.com/news/business/general-motors-looking-at-north-metro-atlanta-site/nSdb5/
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