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The Marriage Starts to Fray
In the 80s, my family switched from American to foreign cars due to their poor reliability. This trend was common across the country, leading to a decline in market share for the big three automakers. To address worker concerns, a deal was made to create the jobs bank, where workers would stay on the payroll after plant closures. However, the automakers expected it to be temporary, hoping to restructure and regain market share. Ultimately, this plan failed and the plants remained closed.