Someone Will Suffer. Who Do You Think?

Tesla announced, on Jan.18 that in order to produce cheaper electric cars it would have to cut 7 per cent of its work force, which would be 3,150 people.

 As CEO Elon Musk put it,”We face an extremely difficult challenge, making our cars, batteries and solar products cost-competitive with fossil fuels. While we have made great progress our products are still to expensive for most people.” 

There it is folks the basic hard facts of capitalist economics which inevitably mean someone will suffer and as always it will be the working class who suffer the most.