As stated in Detroit news last wednesday, Ford will cut up to 30,000 jobs in North America within five years and close at least 10 assembly and component plants. They also stated they will announce the departure of up to seven top executives in the coming weeks. All these changes are expected to be unveiled by January 23rd, 2006.

These changes have become more reality than rumors because of soaring health-care and raw material costs, and a decline in U.S. market share. So far this year, Ford’s North American unit has lost more than $1.4 billion before taxes. Also fords auto sales have fallen every month but two in the last 18 months.

Therefore, because of recent layoff's, do you expect the unnemployment, welfare, and bunkruptcy rates to rise signifigantly?