Another auto tech here. No layoffs in our shop yet, but there are talks of it if business keeps going down the crapper like it currently is. Out of the five techs, I'm thinking I'd be one of the last ones to go, but being that myself and another tech are the two highest paid in the shop, they might axe one of us first in a effort to save money. The corporate mindset is why pay a guy $25/hr when we can pay someone else $15/hr and (hopefully) get the same job done, for $10 less per hour. In the long run the savings to the company would be fairly large. Never mind the fact that alot of the younger lower paid guys in the auto industry couldn't fix a sandwich, corporate is looking only at cutting expenses and gross profit in the short term.
I agree with what your saying and me and you are probably in the same boat. I'm one of two highest paid techs in the shop as well. Fact is they have to get three 15 dollar and hour guys to replace me as none of the other guys bill even a third of what I bill. Not to mention they don't have even a quarter of the training (that they paid for) or a fraction of the 25 years of experiance. But the one caviat to all that is that management is basically incapable of making an intelligent decision so who know. I do know they know who makes the money in the shop and your probably there too.